Cross Country Healthcare (NASDAQ:CCRN) Price Target Cut to $15.00 by Analysts at Truist Financial

Cross Country Healthcare (NASDAQ:CCRN) had its target price reduced by Truist Financial from $17.00 to $15.00 in a research note published on Monday morning, Benzinga reports. They currently have a hold rating on the business services provider’s stock.

Separately, Barrington Research lowered their price objective on shares of Cross Country Healthcare from $21.00 to $19.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Cross Country Healthcare presently has an average rating of “Hold” and an average price target of $19.20.

Cross Country Healthcare Stock Performance

NASDAQ CCRN opened at $11.81 on Monday. Cross Country Healthcare has a twelve month low of $11.64 and a twelve month high of $23.64. The stock has a market cap of $410.68 million, a price-to-earnings ratio of 9.08, a PEG ratio of 2.37 and a beta of 0.63. The firm’s 50 day moving average price is $13.62 and its two-hundred day moving average price is $14.80.

Cross Country Healthcare (NASDAQ:CCRN) last posted its quarterly earnings data on Wednesday, July 31st. The business services provider reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.04). Cross Country Healthcare had a return on equity of 7.29% and a net margin of 0.54%. The firm had revenue of $339.77 million for the quarter, compared to analysts’ expectations of $334.75 million. During the same quarter in the previous year, the firm posted $0.69 earnings per share. The company’s revenue for the quarter was down 37.2% on a year-over-year basis. On average, research analysts forecast that Cross Country Healthcare will post 0.52 EPS for the current fiscal year.

Insider Buying and Selling at Cross Country Healthcare

In other Cross Country Healthcare news, VP Cynthia Ann Grieco sold 1,945 shares of Cross Country Healthcare stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $17.21, for a total transaction of $33,473.45. Following the completion of the sale, the vice president now owns 7,605 shares of the company’s stock, valued at $130,882.05. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Cross Country Healthcare news, insider Karen Mote sold 13,829 shares of the stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $17.08, for a total transaction of $236,199.32. Following the transaction, the insider now directly owns 24,696 shares of the company’s stock, valued at $421,807.68. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Cynthia Ann Grieco sold 1,945 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $17.21, for a total value of $33,473.45. Following the transaction, the vice president now directly owns 7,605 shares in the company, valued at approximately $130,882.05. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 4.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Boston Partners bought a new position in shares of Cross Country Healthcare in the 1st quarter valued at approximately $2,511,000. BOKF NA bought a new position in shares of Cross Country Healthcare in the 1st quarter valued at approximately $247,000. Dana Investment Advisors Inc. raised its stake in shares of Cross Country Healthcare by 34.7% in the 2nd quarter. Dana Investment Advisors Inc. now owns 404,370 shares of the business services provider’s stock valued at $5,596,000 after acquiring an additional 104,136 shares in the last quarter. Orion Portfolio Solutions LLC raised its stake in shares of Cross Country Healthcare by 22.8% in the 1st quarter. Orion Portfolio Solutions LLC now owns 75,819 shares of the business services provider’s stock valued at $1,419,000 after acquiring an additional 14,101 shares in the last quarter. Finally, Sei Investments Co. raised its stake in shares of Cross Country Healthcare by 6.4% in the 1st quarter. Sei Investments Co. now owns 138,863 shares of the business services provider’s stock valued at $2,600,000 after acquiring an additional 8,362 shares in the last quarter. 96.03% of the stock is owned by institutional investors.

Cross Country Healthcare Company Profile

Cross Country Healthcare, Inc provides talent management and other consultative services for healthcare clients in the United States. The company’s Nurse and Allied Staffing segment provides traditional staffing, recruiting, and value-added total talent solutions, including temporary and permanent placement of travel and local nurse and, allied professionals; temporary placement of healthcare leaders within nursing, allied, physician, and human resources; vendor neutral and managed services programs; education healthcare services; in-home care services; and outsourcing services.