Cross Country Healthcare, Inc. (NASDAQ:CCRN) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) have received a consensus rating of “Hold” from the nine research firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $12.5325.

Several research firms have recently weighed in on CCRN. Weiss Ratings reiterated a “sell (e+)” rating on shares of Cross Country Healthcare in a research report on Friday, March 27th. UBS Group decreased their price objective on shares of Cross Country Healthcare from $16.50 to $9.00 and set a “neutral” rating for the company in a research report on Tuesday, December 9th. Truist Financial set a $10.00 price objective on shares of Cross Country Healthcare in a research report on Tuesday, December 16th. Wedbush upgraded shares of Cross Country Healthcare from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $11.00 to $15.00 in a research report on Thursday, March 19th. Finally, Zacks Research upgraded shares of Cross Country Healthcare from a “strong sell” rating to a “hold” rating in a research report on Monday, January 19th.

Cross Country Healthcare Stock Performance

CCRN stock opened at $9.52 on Tuesday. The company has a fifty day moving average price of $9.06 and a 200-day moving average price of $10.11. The company has a market capitalization of $306.53 million, a P/E ratio of -3.25, a PEG ratio of 9.66 and a beta of 0.34. Cross Country Healthcare has a 52-week low of $7.43 and a 52-week high of $15.01.

Cross Country Healthcare (NASDAQ:CCRN) last released its quarterly earnings results on Wednesday, March 4th. The business services provider reported ($0.06) earnings per share (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 the consensus estimate 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 forecast that Cross Country Healthcare will post 0.53 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cross Country Healthcare

Several large investors have recently modified their holdings of the company. Alliancebernstein L.P. grew its holdings in Cross Country Healthcare by 4.0% in the second quarter. Alliancebernstein L.P. now owns 2,438,282 shares of the business services provider’s stock worth $31,820,000 after purchasing an additional 94,798 shares during the period. Goldman Sachs Group Inc. grew its holdings in Cross Country Healthcare by 56.9% in the first quarter. Goldman Sachs Group Inc. now owns 1,095,178 shares of the business services provider’s stock worth $16,307,000 after purchasing an additional 397,216 shares during the period. Quinn Opportunity Partners LLC acquired a new stake in Cross Country Healthcare in the fourth quarter worth $8,470,000. Dana Investment Advisors Inc. grew its holdings in Cross Country Healthcare by 71.2% in the fourth quarter. Dana Investment Advisors Inc. now owns 1,008,525 shares of the business services provider’s stock worth $8,169,000 after purchasing an additional 419,429 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Cross Country Healthcare by 28.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 969,458 shares of the business services provider’s stock worth $7,853,000 after purchasing an additional 211,925 shares during the period. 96.03% of the stock is currently owned by institutional investors and hedge funds.

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.