CareCloud (NASDAQ:CCLD) Given Neutral Rating at Roth Mkm

Roth Mkm reiterated their neutral rating on shares of CareCloud (NASDAQ:CCLD) in a research report sent to investors on Friday,Benzinga reports. Roth Mkm currently has a $1.50 price target on the stock, down from their previous price target of $3.50.

Separately, Benchmark reissued a “buy” rating and set a $4.50 target price on shares of CareCloud in a research note on Friday, November 15th.

CareCloud Trading Down 8.1 %

Shares of CCLD opened at $1.47 on Friday. The business’s 50 day moving average is $3.25 and its 200 day moving average is $3.03. The company has a market capitalization of $23.90 million, a PE ratio of -0.46 and a beta of 1.55. CareCloud has a 12-month low of $1.01 and a 12-month high of $4.84.

Institutional Trading of CareCloud

A number of large investors have recently added to or reduced their stakes in CCLD. Hillsdale Investment Management Inc. bought a new stake in CareCloud in the 4th quarter worth approximately $252,000. Heron Bay Capital Management increased its stake in CareCloud by 48.5% in the 4th quarter. Heron Bay Capital Management now owns 101,119 shares of the company’s stock worth $370,000 after acquiring an additional 33,033 shares during the last quarter. Two Sigma Advisers LP bought a new stake in CareCloud in the 4th quarter worth approximately $81,000. Empowered Funds LLC increased its stake in CareCloud by 51.2% in the 4th quarter. Empowered Funds LLC now owns 61,240 shares of the company’s stock worth $224,000 after acquiring an additional 20,750 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in CareCloud in the 3rd quarter worth approximately $42,000. Institutional investors own 10.16% of the company’s stock.

CareCloud Company Profile

CareCloud, Inc, a healthcare information technology (IT) company, provides a suite of cloud-based solutions and related business services to healthcare providers and hospitals primarily in the United States. It operates in two segments, Healthcare IT and Medical Practice Management. The company's portfolio of proprietary software and business services includes technology-enabled business solutions; cloud-based software; digital health services; healthcare IT professional services and staffing; and medical practice management services.