Roth Mkm restated their neutral rating on shares of CareCloud (NASDAQ:CCLD – Free Report) in a research report sent to investors on Friday,Benzinga reports. They currently have a $1.50 price target on the stock, down from their previous 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 note on Friday, November 15th.
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CareCloud Trading Down 8.1 %
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of CCLD. XTX Topco Ltd acquired a new position in shares of CareCloud during the third quarter worth about $42,000. Dimensional Fund Advisors LP boosted its position in shares of CareCloud by 31.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 15,096 shares of the company’s stock worth $55,000 after buying an additional 3,641 shares during the period. Two Sigma Advisers LP acquired a new position in shares of CareCloud during the fourth quarter worth about $81,000. Empowered Funds LLC boosted its position in shares of CareCloud by 51.2% during the fourth quarter. Empowered Funds LLC now owns 61,240 shares of the company’s stock worth $224,000 after buying an additional 20,750 shares during the period. Finally, Hillsdale Investment Management Inc. acquired a new position in shares of CareCloud during the fourth quarter worth about $252,000. 10.16% of the stock is owned by institutional investors and hedge funds.
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.
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