CaliberCos (NASDAQ:CWD) Announces Quarterly Earnings Results, Misses Estimates By $0.21 EPS

CaliberCos (NASDAQ:CWD) issued its earnings results on Thursday. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.21), Zacks reports. CaliberCos had a negative return on equity of 160.62% and a negative net margin of 122.65%.

CaliberCos Stock Performance

Shares of CaliberCos stock traded up $0.02 on Thursday, hitting $0.67. 309,169 shares of the company traded hands, compared to its average volume of 2,431,532. CaliberCos has a 52 week low of $0.43 and a 52 week high of $48.00. The business has a 50-day simple moving average of $0.71 and a 200 day simple moving average of $1.00. The stock has a market capitalization of $5.66 million, a P/E ratio of -0.09 and a beta of -0.04.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of CaliberCos in a research report on Friday, July 17th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

Hedge Funds Weigh In On CaliberCos

Institutional investors have recently bought and sold shares of the stock. XTX Topco Ltd purchased a new stake in CaliberCos in the 4th quarter worth $28,000. Jane Street Group LLC bought a new position in shares of CaliberCos during the 4th quarter valued at about $31,000. Finally, Geode Capital Management LLC purchased a new position in shares of CaliberCos during the fourth quarter valued at about $39,000. 4.06% of the stock is owned by hedge funds and other institutional investors.

CaliberCos Company Profile

Caliber (NASDAQ: CWD) is a vertically integrated alternative asset management firm whose purpose is to build generational wealth for investors seeking to access opportunities in middle-market assets. Caliber differentiates itself by creating, managing, and servicing proprietary products, including middle-market investment funds, private syndications, and direct investments which are managed by our in-house asset services group. Our funds include investment vehicles focused primarily on real estate, private equity, and debt facilities.