Cross Country Healthcare (NASDAQ:CCRN) Upgraded to “Outperform” at Wedbush

Wedbush upgraded shares of Cross Country Healthcare (NASDAQ:CCRN) from a neutral rating to an outperform rating in a research report report published on Thursday morning, Marketbeat Ratings reports. Wedbush currently has $15.00 target price on the business services provider’s stock, up from their prior target price of $11.00.

A number of other analysts have also recently commented on the company. Weiss Ratings restated a “sell (e+)” rating on shares of Cross Country Healthcare in a research report on Monday, December 29th. Cross Research set a $14.00 price objective on Cross Country Healthcare in a research note on Thursday, March 5th. Citizens Jmp set a $11.00 target price on shares of Cross Country Healthcare in a report on Thursday, December 4th. Zacks Research upgraded shares of Cross Country Healthcare from a “strong sell” rating to a “hold” rating in a research note on Monday, January 19th. Finally, UBS Group lowered their price target on shares of Cross Country Healthcare from $16.50 to $9.00 and set a “neutral” rating on the stock in a report on Tuesday, December 9th. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Cross Country Healthcare has a consensus rating of “Hold” and an average target price of $12.53.

Cross Country Healthcare Price Performance

CCRN opened at $9.35 on Thursday. The firm has a market cap of $302.19 million, a PE ratio of -3.19, a P/E/G ratio of 9.84 and a beta of 0.42. The stock has a 50-day moving average price of $8.91 and a 200-day moving average price of $10.48. Cross Country Healthcare has a 1 year low of $7.43 and a 1 year high of $15.30.

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

Hedge Funds Weigh In On Cross Country Healthcare

Several institutional investors have recently bought and sold shares of CCRN. Corient Private Wealth LLC purchased a new position in Cross Country Healthcare during the fourth quarter worth $121,000. Alpine Global Management LLC purchased a new stake in shares of Cross Country Healthcare in the fourth quarter valued at $182,000. XTX Topco Ltd purchased a new stake in shares of Cross Country Healthcare in the fourth quarter valued at $454,000. Oxford Asset Management LLP bought a new stake in shares of Cross Country Healthcare in the 4th quarter worth about $158,000. Finally, Engineers Gate Manager LP lifted its holdings in shares of Cross Country Healthcare by 289.2% in the 4th quarter. Engineers Gate Manager LP now owns 85,590 shares of the business services provider’s stock worth $693,000 after acquiring an additional 63,599 shares during the last quarter. Institutional investors 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.