CareCloud (NASDAQ:CCLD) Raised to Buy at Wall Street Zen

CareCloud (NASDAQ:CCLD) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of CareCloud in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $3.25.

CareCloud Price Performance

Shares of CCLD stock opened at $2.63 on Friday. The business’s fifty day moving average price is $2.30 and its 200 day moving average price is $2.62. The firm has a market capitalization of $111.76 million, a PE ratio of 37.57 and a beta of 1.51. CareCloud has a 1-year low of $2.03 and a 1-year high of $4.01.

CareCloud (NASDAQ:CCLD) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04. CareCloud had a net margin of 6.21% and a return on equity of 22.31%. The business had revenue of $31.88 million during the quarter, compared to the consensus estimate of $31.85 million. CareCloud has set its FY 2026 guidance at 0.200-0.230 EPS. Equities research analysts expect that CareCloud will post 0.36 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CareCloud

Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. acquired a new stake in CareCloud during the second quarter worth approximately $486,000. Chapin Davis Inc. boosted its holdings in shares of CareCloud by 24.1% during the second quarter. Chapin Davis Inc. now owns 154,285 shares of the company’s stock worth $327,000 after purchasing an additional 30,000 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of CareCloud by 10.3% during the first quarter. Empowered Funds LLC now owns 150,890 shares of the company’s stock worth $551,000 after purchasing an additional 14,030 shares during the last quarter. Militia Capital Management LLC purchased a new stake in shares of CareCloud in the first quarter valued at $54,000. Finally, Bank of America Corp DE grew its position in shares of CareCloud by 47.9% in the first quarter. Bank of America Corp DE now owns 131,201 shares of the company’s stock valued at $479,000 after purchasing an additional 42,496 shares during the period. 10.16% of the stock is currently owned by hedge funds and other institutional investors.

About CareCloud

CareCloud, Inc is a healthcare technology company that provides cloud-based practice management, electronic health record (EHR) and revenue cycle management (RCM) solutions to medical practices and health systems. Its flagship offering, the CareCloud Central platform, combines clinical, financial and administrative workflows into a single, unified system. The platform includes modules for scheduling, billing, coding, patient engagement and telehealth, enabling practices to streamline front- and back-office operations and improve overall practice performance.

Founded in 2009 and headquartered in Miami Beach, Florida, CareCloud serves small to mid-size physician groups and specialty clinics across the United States.