CareCloud’s (CCLD) Neutral Rating Reaffirmed at Roth Mkm

Roth Mkm reaffirmed their neutral rating on shares of CareCloud (NASDAQ:CCLD) in a research note published on Friday,Benzinga reports. Roth Mkm currently has a $1.50 price target on the stock, down from their prior price target of $3.50.

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

CareCloud Stock Performance

Shares of NASDAQ:CCLD opened at $1.47 on Friday. The stock has a market capitalization of $23.90 million, a price-to-earnings ratio of -0.46 and a beta of 1.55. The stock’s 50-day simple moving average is $3.25 and its two-hundred day simple moving average is $3.03. CareCloud has a 52-week low of $1.01 and a 52-week high of $4.84.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its position in shares of CareCloud by 31.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 15,096 shares of the company’s stock valued at $55,000 after buying an additional 3,641 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of CareCloud by 7.0% during the 4th quarter. Renaissance Technologies LLC now owns 124,100 shares of the company’s stock valued at $454,000 after buying an additional 8,100 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of CareCloud during the 3rd quarter valued at about $42,000. Empowered Funds LLC lifted its position in shares of CareCloud by 51.2% during the 4th quarter. Empowered Funds LLC now owns 61,240 shares of the company’s stock valued at $224,000 after buying an additional 20,750 shares in the last quarter. Finally, Two Sigma Advisers LP purchased a new position in shares of CareCloud during the 4th quarter valued at about $81,000. 10.16% of the stock is owned by hedge funds and other institutional investors.

About CareCloud

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.