Prospera Financial Services Inc Boosts Stock Position in CareCloud, Inc. $CCLD

Prospera Financial Services Inc increased its holdings in shares of CareCloud, Inc. (NASDAQ:CCLD) by 31.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,966 shares of the company’s stock after buying an additional 18,339 shares during the period. Prospera Financial Services Inc owned about 0.18% of CareCloud worth $179,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Kingsview Wealth Management LLC acquired a new position in CareCloud during the first quarter worth $36,000. XTX Topco Ltd acquired a new position in shares of CareCloud during the 1st quarter worth about $35,000. HighTower Advisors LLC acquired a new position in shares of CareCloud during the 1st quarter worth about $28,000. Acadian Asset Management LLC lifted its stake in CareCloud by 481.9% in the 1st quarter. Acadian Asset Management LLC now owns 203,053 shares of the company’s stock valued at $280,000 after buying an additional 168,156 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in CareCloud in the 2nd quarter worth about $50,000. Hedge funds and other institutional investors own 10.16% of the company’s stock.

CareCloud Price Performance

CCLD stock opened at $3.13 on Monday. CareCloud, Inc. has a 1 year low of $1.14 and a 1 year high of $4.84. The firm has a market capitalization of $132.70 million, a PE ratio of -78.25 and a beta of 2.07. The business has a 50 day simple moving average of $3.32 and a 200-day simple moving average of $2.75.

CareCloud (NASDAQ:CCLD) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. The company had revenue of $31.07 million for the quarter, compared to analyst estimates of $29.01 million. CareCloud had a return on equity of 23.51% and a net margin of 10.08%. On average, equities research analysts expect that CareCloud, Inc. will post 0.58 EPS for the current year.

Insider Buying and Selling at CareCloud

In related news, Director John N. Daly sold 15,000 shares of the company’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $3.41, for a total value of $51,150.00. Following the completion of the sale, the director owned 51,750 shares of the company’s stock, valued at approximately $176,467.50. This represents a 22.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 14.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CCLD. Roth Capital reissued a “neutral” rating and set a $3.25 target price on shares of CareCloud in a report on Thursday, November 6th. Weiss Ratings upgraded CareCloud from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday. Finally, Wall Street Zen raised CareCloud from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Three analysts have rated the stock with a Hold rating, According to MarketBeat, CareCloud presently has an average rating of “Hold” and an average price target of $2.38.

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.