Cross Country Healthcare (NASDAQ:CCRN) Price Target Raised to $13.25

Cross Country Healthcare (NASDAQ:CCRN) had its target price upped by Truist Financial from $10.00 to $13.25 in a research report sent to investors on Monday morning,Benzinga reports. They currently have a hold rating on the business services provider’s stock.

Several other equities research analysts have also commented on the stock. Zacks Research raised shares of Cross Country Healthcare from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th. Citizens Jmp lowered shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 7th. Cross Research set a $14.00 price target on shares of Cross Country Healthcare in a report on Thursday, March 5th. Weiss Ratings reissued a “sell (e+)” rating on shares of Cross Country Healthcare in a report on Friday, March 27th. Finally, Wedbush lowered shares of Cross Country Healthcare from an “outperform” rating to a “hold” rating and cut their price target for the stock from $15.00 to $13.25 in a report on Thursday, May 7th. Nine equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Cross Country Healthcare currently has an average rating of “Reduce” and a consensus price target of $12.72.

Cross Country Healthcare Stock Performance

Shares of NASDAQ CCRN opened at $13.12 on Monday. The firm has a market cap of $424.17 million, a PE ratio of -4.30, a PEG ratio of 13.46 and a beta of 0.35. The firm has a fifty day moving average of $10.03 and a 200 day moving average of $9.67. Cross Country Healthcare has a one year low of $7.43 and a one year high of $14.99.

Cross Country Healthcare (NASDAQ:CCRN) last issued its quarterly earnings results on Thursday, May 7th. The business services provider reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.02. The company had revenue of $241.06 million during the quarter, compared to analyst estimates of $237.07 million. Cross Country Healthcare had a negative net margin of 9.84% and a negative return on equity of 0.74%. On average, equities analysts predict that Cross Country Healthcare will post 0.1 EPS for the current fiscal year.

Institutional Investors Weigh In On Cross Country Healthcare

A number of large investors have recently modified their holdings of CCRN. BNP Paribas Financial Markets grew its holdings in shares of Cross Country Healthcare by 50.0% during the second quarter. BNP Paribas Financial Markets now owns 3,424 shares of the business services provider’s stock worth $45,000 after buying an additional 1,142 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Cross Country Healthcare during the fourth quarter worth $46,000. Tower Research Capital LLC TRC grew its holdings in shares of Cross Country Healthcare by 422.0% during the second quarter. Tower Research Capital LLC TRC now owns 3,586 shares of the business services provider’s stock worth $47,000 after buying an additional 2,899 shares in the last quarter. Graham Capital Management L.P. purchased a new stake in shares of Cross Country Healthcare during the fourth quarter worth $83,000. Finally, AXQ Capital LP purchased a new stake in shares of Cross Country Healthcare during the fourth quarter worth $109,000. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Cross Country Healthcare Company Profile

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.