Two Sigma Advisers LP Invests $81,000 in CareCloud, Inc. (NASDAQ:CCLD)

Two Sigma Advisers LP bought a new stake in shares of CareCloud, Inc. (NASDAQ:CCLD) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 22,200 shares of the company’s stock, valued at approximately $81,000. Two Sigma Advisers LP owned approximately 0.14% of CareCloud at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CCLD. Dimensional Fund Advisors LP raised its position in CareCloud by 31.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 15,096 shares of the company’s stock worth $55,000 after acquiring an additional 3,641 shares during the period. Renaissance Technologies LLC raised its position in shares of CareCloud by 7.0% during the 4th quarter. Renaissance Technologies LLC now owns 124,100 shares of the company’s stock worth $454,000 after purchasing an additional 8,100 shares during the last quarter. Empowered Funds LLC raised its position in shares of CareCloud by 51.2% during the 4th quarter. Empowered Funds LLC now owns 61,240 shares of the company’s stock worth $224,000 after purchasing an additional 20,750 shares during the last quarter. Heron Bay Capital Management lifted its stake in CareCloud by 48.5% in the 4th quarter. Heron Bay Capital Management now owns 101,119 shares of the company’s stock valued at $370,000 after buying an additional 33,033 shares in the last quarter. Finally, Hillsdale Investment Management Inc. acquired a new stake in CareCloud in the 4th quarter worth about $252,000. Institutional investors and hedge funds own 10.16% of the company’s stock.

CareCloud Trading Up 0.9%

NASDAQ:CCLD opened at $2.18 on Monday. The company has a market cap of $92.26 million, a P/E ratio of -0.68 and a beta of 2.05. CareCloud, Inc. has a twelve month low of $1.14 and a twelve month high of $4.84. The company’s 50-day moving average price is $1.75 and its 200-day moving average price is $2.66.

CareCloud (NASDAQ:CCLD) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.04). CareCloud had a negative net margin of 35.25% and a negative return on equity of 87.98%. The business had revenue of $27.60 million during the quarter, compared to analyst estimates of $25.94 million. On average, analysts expect that CareCloud, Inc. will post 0.58 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on CCLD shares. Roth Capital reiterated a “neutral” rating on shares of CareCloud in a research note on Tuesday, May 6th. Roth Mkm reaffirmed a “neutral” rating and issued a $1.50 price target (down from $3.50) on shares of CareCloud in a research note on Friday, March 14th.

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.