Roth Capital Brokers Reduce Earnings Estimates for CareCloud

CareCloud, Inc. (NASDAQ:CCLD - Free Report) - Investment analysts at Roth Capital decreased their Q1 2025 earnings estimates for shares of CareCloud in a research note issued to investors on Tuesday, April 22nd. Roth Capital analyst R. Baldry now anticipates that the company will earn $0.06 per share for the quarter, down from their prior forecast of $0.08. The consensus estimate for CareCloud's current full-year earnings is $0.58 per share. Roth Capital also issued estimates for CareCloud's FY2025 earnings at $0.21 EPS.

Separately, Roth Mkm reiterated a "neutral" rating and set a $1.50 price objective (down from $3.50) on shares of CareCloud in a report on Friday, March 14th.

CareCloud Stock Down 2.7 %

Shares of CCLD traded down $0.05 during trading hours on Friday, reaching $1.77. The stock had a trading volume of 356,126 shares, compared to its average volume of 755,469. CareCloud has a 52 week low of $1.01 and a 52 week high of $4.84. The firm has a 50-day moving average of $1.81 and a 200 day moving average of $2.77. The company has a market cap of $74.91 million, a P/E ratio of -0.55 and a beta of 2.00.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CCLD. Crescent Grove Advisors LLC bought a new position in CareCloud during the 1st quarter worth $250,000. Chapin Davis Inc. grew its holdings in shares of CareCloud by 284.9% during the 1st quarter. Chapin Davis Inc. now owns 119,269 shares of the company's stock worth $166,000 after purchasing an additional 88,285 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new stake in shares of CareCloud during the 4th quarter worth $252,000. Johnson Investment Counsel Inc. acquired a new stake in shares of CareCloud during the 1st quarter worth $70,000. Finally, Heron Bay Capital Management grew its holdings in shares of CareCloud by 48.5% during the 4th quarter. Heron Bay Capital Management now owns 101,119 shares of the company's stock worth $370,000 after purchasing an additional 33,033 shares in the last quarter. 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.