Analysts Set Cross Country Healthcare, Inc. (NASDAQ:CCRN) Price Target at $12.03

Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) have been given an average rating of “Hold” by the nine research firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $12.5325.

Several research analysts recently issued reports on CCRN shares. Citizens Jmp set a $11.00 price target on shares of Cross Country Healthcare in a report on Thursday, December 4th. Benchmark raised Cross Country Healthcare from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a report on Thursday, March 5th. Cross Research set a $14.00 target price on Cross Country Healthcare in a research note on Thursday, March 5th. Wedbush raised Cross Country Healthcare from a “neutral” rating to an “outperform” rating and raised their price target for the company from $11.00 to $15.00 in a report on Thursday. Finally, Truist Financial set a $10.00 price target on Cross Country Healthcare in a research note on Tuesday, December 16th.

Institutional Investors Weigh In On Cross Country Healthcare

Institutional investors have recently made changes to their positions in the stock. Alliancebernstein L.P. grew its stake in shares of Cross Country Healthcare by 4.0% during the 2nd quarter. Alliancebernstein L.P. now owns 2,438,282 shares of the business services provider’s stock worth $31,820,000 after purchasing an additional 94,798 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Cross Country Healthcare by 56.9% in the first quarter. Goldman Sachs Group Inc. now owns 1,095,178 shares of the business services provider’s stock valued at $16,307,000 after purchasing an additional 397,216 shares during the period. Quinn Opportunity Partners LLC purchased a new stake in Cross Country Healthcare during the fourth quarter worth about $8,470,000. Dana Investment Advisors Inc. boosted its holdings in Cross Country Healthcare by 71.2% during the fourth quarter. Dana Investment Advisors Inc. now owns 1,008,525 shares of the business services provider’s stock worth $8,169,000 after buying an additional 419,429 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Cross Country Healthcare by 28.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 969,458 shares of the business services provider’s stock worth $7,853,000 after buying an additional 211,925 shares during the period. 96.03% of the stock is currently owned by hedge funds and other institutional investors.

Cross Country Healthcare Stock Performance

Shares of CCRN opened at $9.35 on Friday. The stock has a market capitalization of $302.19 million, a P/E ratio of -3.19, a P/E/G ratio of 9.84 and a beta of 0.42. The company’s fifty day moving average is $8.91 and its two-hundred day moving average is $10.48. Cross Country Healthcare has a 1 year low of $7.43 and a 1 year high of $15.30.

Cross Country Healthcare (NASDAQ:CCRN) last released its earnings results on Wednesday, March 4th. The business services provider reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.09). The firm had revenue of $236.76 million during the quarter, compared to analyst estimates of $254.30 million. Cross Country Healthcare had a positive return on equity of 0.13% and a negative net margin of 9.00%.Cross Country Healthcare has set its Q1 2026 guidance at -0.060–0.040 EPS. Sell-side analysts predict that Cross Country Healthcare will post 0.53 EPS for the current year.

Cross Country Healthcare Company Profile

Cross Country Healthcare, Inc, headquartered in Boca Raton, Florida, is a leading provider of healthcare workforce solutions in the United States. The company specializes in the recruitment, placement and management of nursing and allied health professionals on both a travel and permanent basis. Through its integrated platform, Cross Country Healthcare serves hospitals, health systems, and long-term care facilities by matching qualified clinical talent with patient care needs across diverse care settings.

The company’s core service offerings include travel nurse and allied health staffing, per diem staffing, permanent placement services, and managed services programs.