Cross Country Healthcare, Inc. (NASDAQ:CCRN) Given Consensus Rating of “Hold” by Brokerages

Cross Country Healthcare, Inc. (NASDAQ:CCRN) has been assigned a consensus rating of “Hold” from the nine analysts that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $12.0325.

A number of research firms have recently issued reports on CCRN. UBS Group cut their price objective on shares of Cross Country Healthcare from $16.50 to $9.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 9th. Cross Research set a $14.00 price target on Cross Country Healthcare in a research note on Thursday, March 5th. Truist Financial set a $10.00 price target on Cross Country Healthcare in a report on Tuesday, December 16th. Jefferies Financial Group set a $8.65 price objective on Cross Country Healthcare and gave the company a “hold” rating in a research note on Thursday, December 4th. Finally, Citizens Jmp set a $11.00 price objective on Cross Country Healthcare in a report on Thursday, December 4th.

Cross Country Healthcare Stock Down 1.6%

Cross Country Healthcare stock opened at $9.62 on Friday. The company has a market capitalization of $310.92 million, a PE ratio of -3.28, a PEG ratio of 7.67 and a beta of 0.42. Cross Country Healthcare has a 12-month low of $7.43 and a 12-month high of $15.85. The firm’s fifty day moving average is $8.83 and its 200 day moving average is $10.63.

Cross Country Healthcare (NASDAQ:CCRN) last posted its quarterly earnings results on Wednesday, March 4th. The business services provider reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.09). Cross Country Healthcare had a positive return on equity of 0.13% and a negative net margin of 9.00%.The company had revenue of $236.76 million during the quarter, compared to analyst estimates of $254.30 million. Cross Country Healthcare has set its Q1 2026 guidance at -0.060–0.040 EPS. Sell-side analysts expect that Cross Country Healthcare will post 0.53 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CCRN. BNP Paribas Financial Markets lifted its stake in shares of Cross Country Healthcare by 50.0% in the second quarter. BNP Paribas Financial Markets now owns 3,424 shares of the business services provider’s stock valued at $45,000 after buying an additional 1,142 shares in the last quarter. Gabelli Funds LLC increased its position in shares of Cross Country Healthcare by 0.4% during the fourth quarter. Gabelli Funds LLC now owns 368,632 shares of the business services provider’s stock worth $2,986,000 after acquiring an additional 1,348 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Cross Country Healthcare by 3.1% in the 2nd quarter. Bank of America Corp DE now owns 73,321 shares of the business services provider’s stock worth $957,000 after acquiring an additional 2,198 shares during the last quarter. Strs Ohio raised its holdings in shares of Cross Country Healthcare by 6.0% in the 3rd quarter. Strs Ohio now owns 44,000 shares of the business services provider’s stock worth $625,000 after acquiring an additional 2,500 shares during the last quarter. Finally, Brooklyn Investment Group lifted its position in Cross Country Healthcare by 25.4% in the 4th quarter. Brooklyn Investment Group now owns 13,267 shares of the business services provider’s stock valued at $109,000 after acquiring an additional 2,684 shares in the last quarter. Institutional investors and hedge funds own 96.03% of the company’s stock.

About Cross Country Healthcare

Cross Country Healthcare, Inc, headquartered in Boca Raton, Florida, is a leading provider of healthcare workforce solutions in the United States. The company specializes in the recruitment, placement and management of nursing and allied health professionals on both a travel and permanent basis. Through its integrated platform, Cross Country Healthcare serves hospitals, health systems, and long-term care facilities by matching qualified clinical talent with patient care needs across diverse care settings.

The company’s core service offerings include travel nurse and allied health staffing, per diem staffing, permanent placement services, and managed services programs.