CareCloud (NASDAQ:MTBC) Earns Buy Rating from Analysts at began coverage on shares of CareCloud (NASDAQ:MTBCGet Rating) in a research report issued on Monday. The brokerage set a “buy” rating on the technology company’s stock.

Several other research analysts have also recently commented on MTBC. B. Riley reduced their target price on shares of CareCloud from $11.00 to $8.00 in a report on Friday, August 5th. Benchmark dropped their price target on shares of CareCloud to $12.00 in a research report on Monday, August 15th.

CareCloud Trading Down 1.7 %

Shares of NASDAQ MTBC opened at $5.15 on Monday. CareCloud has a 1-year low of $2.92 and a 1-year high of $8.61. The company has a market cap of $77.66 million, a PE ratio of -12.26 and a beta of 1.26. The company has a current ratio of 1.44, a quick ratio of 1.42 and a debt-to-equity ratio of 0.07. The company has a 50-day moving average of $3.94 and a two-hundred day moving average of $4.09.

CareCloud (NASDAQ:MTBCGet Rating) last posted its quarterly earnings results on Thursday, August 4th. The technology company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.06. CareCloud had a net margin of 6.00% and a return on equity of 8.90%. The business had revenue of $37.23 million during the quarter, compared to the consensus estimate of $37.48 million. As a group, equities analysts expect that CareCloud will post -0.63 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CareCloud

A number of hedge funds have recently bought and sold shares of MTBC. Level Four Advisory Services LLC bought a new position in CareCloud during the fourth quarter worth about $255,000. P.A.W. Capital Corp grew its stake in CareCloud by 3.7% during the first quarter. P.A.W. Capital Corp now owns 700,000 shares of the technology company’s stock worth $3,605,000 after buying an additional 25,000 shares in the last quarter. McDonald Partners LLC acquired a new stake in CareCloud during the first quarter worth about $137,000. Johnson Investment Counsel Inc. acquired a new stake in CareCloud during the first quarter worth about $258,000. Finally, Verity Asset Management Inc. acquired a new stake in CareCloud during the first quarter worth about $208,000. 20.97% of the stock is owned by institutional investors.

About CareCloud

(Get Rating)

CareCloud, Inc brings disciplined innovation to the business of healthcare. Our suite of technology-enabled solutions helps clients increase financial and operational performance, streamline clinical workflows, and make better business and care decisions. More than 40,000 providers across the United States count on CareCloud to help them improve patient care while reducing administrative burdens and operating costs.

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