Cross Country Healthcare (CCRN) Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cross Country Healthcare in the last twelve months. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CCRN shares.
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5 analysts have issued 12-month target prices for Cross Country Healthcare's shares. Their CCRN share price forecasts range from $25.00 to $40.00. On average, they expect the company's share price to reach $32.40 in the next twelve months. This suggests a possible upside of 27.8% from the stock's current price.
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Cross Country Healthcare's stock was trading at $26.57 at the beginning of the year. Since then, CCRN stock has decreased by 4.6% and is now trading at $25.35.
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Cross Country Healthcare saw a drop in short interest in May. As of May 15th, there was short interest totaling 5,300,000 shares, a drop of 10.5% from the April 30th total of 5,920,000 shares. Based on an average daily volume of 631,500 shares, the short-interest ratio is presently 8.4 days. Currently, 15.6% of the shares of the stock are short sold.
View Cross Country Healthcare's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our CCRN earnings forecast.

Cross Country Healthcare, Inc. (NASDAQ:CCRN) posted its quarterly earnings results on Wednesday, May, 3rd. The business services provider reported $0.84 EPS for the quarter, beating the consensus estimate of $0.76 by $0.08. The business services provider earned $622.71 million during the quarter, compared to the consensus estimate of $594.09 million. Cross Country Healthcare had a trailing twelve-month return on equity of 37.57% and a net margin of 5.90%. The company's quarterly revenue was down 21.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.70 earnings per share.

ETFs with the largest weight of Cross Country Healthcare (NASDAQ:CCRN) stock in their portfolio include Cambria Value and Momentum ETF (VAMO), SPDR S&P Health Care Services ETF (XHS), Invesco S&P SmallCap 600 Pure Growth ETF (RZG), Roundhill Acquirers Deep Value ETF (DEEP), Janus Henderson Small Cap Growth Alpha ETF (JSML), Hartford Multifactor Small Cap ETF (ROSC), Invesco S&P SmallCap Health Care ETF (PSCH) and Invesco S&P SmallCap Value with Momentum ETF (XSVM).

Cross Country Healthcare issued an update on its second quarter 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share (EPS) guidance of $0.55-$0.65 for the period, compared to the consensus estimate of $0.75. The company issued revenue guidance of $530.00 million-$540.00 million, compared to the consensus revenue estimate of $553.92 million.

39 employees have rated Cross Country Healthcare Chief Executive Officer John Martins on Glassdoor.com. John Martins has an approval rating of 73% among the company's employees. 86.0% of employees surveyed would recommend working at Cross Country Healthcare to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Cross Country Healthcare investors own include NVIDIA (NVDA), Energy Transfer (ET), OPKO Health (OPK), Enphase Energy (ENPH), Overstock.com (OSTK), QUALCOMM (QCOM), Vista Outdoor (VSTO), Twilio (TWLO), Advanced Micro Devices (AMD) and Activision Blizzard (ATVI).

Cross Country Healthcare trades on the NASDAQ under the ticker symbol "CCRN."

Cross Country Healthcare's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (16.71%), Wellington Management Group LLP (5.41%), Systematic Financial Management LP (5.33%), Principal Financial Group Inc. (5.29%), Dimensional Fund Advisors LP (5.26%) and Simcoe Capital Management LLC (4.75%). Insiders that own company stock include Colin Patrick Mcdonald, Cynthia Ann Grieco, Daniele Addis, John Anthony Martins, Joseph Trunfio, Kevin Cronin Clark, Stephen Alexis Saville, Susan E Ball, W Larry Cash and William J Burns.
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Shares of CCRN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CCRN stock can currently be purchased for approximately $25.35.

Cross Country Healthcare (NASDAQ:CCRN) has a market capitalization of $910.83 million and generates $2.81 billion in revenue each year. The business services provider earns $188.46 million in net income (profit) each year or $4.19 on an earnings per share basis.

The company employs 12,980 workers across the globe.

Cross Country Healthcare's mailing address is 5201 CONGRESS AVENUE SUITE 100B, BOCA RATON FL, 33487. The official website for the company is www.crosscountryhealthcare.com. The business services provider can be reached via phone at (561) 998-2232, via email at ir@crosscountry.com, or via fax at 302-636-5454.