Maxim Group Predicts CareCloud’s Q2 Earnings (NASDAQ:CCLD)

CareCloud, Inc. (NASDAQ:CCLD) – Research analysts at Maxim Group lifted their Q2 2027 EPS estimates for CareCloud in a research report issued to clients and investors on Thursday, November 5th. Maxim Group analyst A. Klee now forecasts that the company will post earnings per share of $0.12 for the quarter, up from their previous estimate of $0.10. The consensus estimate for CareCloud’s current full-year earnings is $0.22 per share. Maxim Group also issued estimates for CareCloud’s Q4 2027 earnings at $0.10 EPS, Q1 2028 earnings at $0.06 EPS, Q2 2028 earnings at $0.14 EPS, Q3 2028 earnings at $0.18 EPS and FY2028 earnings at $0.51 EPS.

Several other analysts also recently commented on the company. Wall Street Zen raised CareCloud from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Roth Capital dropped coverage on CareCloud in a research note on Tuesday, September 15th. They issued a “neutral” rating for the company. Prior estimates, ratings, and price targets should no longer be relied upon. Finally, Weiss Ratings raised CareCloud from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, October 12th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, CareCloud presently has a consensus rating of “Moderate Buy”.

CareCloud Price Performance

CCLD opened at $2.51 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 2.20. CareCloud has a 12 month low of $1.67 and a 12 month high of $3.81. The company has a fifty day simple moving average of $2.01 and a 200 day simple moving average of $2.46. The stock has a market cap of $106.65 million, a P/E ratio of 19.31 and a beta of 1.57.

CareCloud (NASDAQ:CCLD) last announced its quarterly earnings results on Thursday, November 5th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.04. CareCloud had a net margin of 6.21% and a return on equity of 27.07%. The company had revenue of $33.73 million for the quarter, compared to analysts’ expectations of $33.50 million.

Institutional Investors Weigh In On CareCloud

Several institutional investors have recently bought and sold shares of CCLD. Chapin Davis Inc. boosted its position in CareCloud by 24.1% during the 2nd quarter. Chapin Davis Inc. now owns 154,285 shares of the company’s stock worth $327,000 after acquiring an additional 30,000 shares during the last quarter. Kingsview Wealth Management LLC bought a new position in shares of CareCloud during the 2nd quarter worth approximately $55,000. Empowered Funds LLC acquired a new stake in shares of CareCloud in the second quarter valued at approximately $348,000. Bank of America Corp DE acquired a new stake in shares of CareCloud in the second quarter valued at approximately $183,000. Finally, Man Group plc acquired a new stake in shares of CareCloud in the second quarter valued at approximately $138,000. Institutional investors own 10.16% of the company’s stock.

About CareCloud

CareCloud, Inc (NASDAQ: CCLD) provides cloud-based health care information technology and revenue cycle management services to medical practices, hospitals and other health care organizations. The company’s solutions are designed to help providers manage administrative, clinical and financial operations through integrated software and technology-enabled services.

Its offerings include electronic health records, practice management, medical billing and revenue cycle management, patient engagement tools, telehealth capabilities and related health care technology services.