Brokerages Set Cross Country Healthcare, Inc. (NASDAQ:CCRN) PT at $18.50

Cross Country Healthcare, Inc. (NASDAQ:CCRN) has been given an average rating of “Moderate Buy” by the four research firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $17.33.

Several research firms have recently commented on CCRN. Benchmark cut their price objective on Cross Country Healthcare from $19.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Barrington Research cut their price target on shares of Cross Country Healthcare from $21.00 to $19.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Finally, Truist Financial lowered their price objective on shares of Cross Country Healthcare from $17.00 to $15.00 and set a “hold” rating on the stock in a research note on Monday, October 21st.

Institutional Trading of Cross Country Healthcare

A number of hedge funds have recently modified their holdings of CCRN. Truvestments Capital LLC bought a new position in Cross Country Healthcare in the 3rd quarter valued at about $39,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Cross Country Healthcare in the third quarter valued at approximately $49,000. nVerses Capital LLC bought a new position in shares of Cross Country Healthcare during the second quarter worth approximately $50,000. Point72 DIFC Ltd acquired a new stake in Cross Country Healthcare during the 3rd quarter worth approximately $52,000. Finally, Gladius Capital Management LP boosted its stake in Cross Country Healthcare by 83.4% in the 3rd quarter. Gladius Capital Management LP now owns 3,985 shares of the business services provider’s stock valued at $54,000 after purchasing an additional 1,812 shares during the period. Institutional investors and hedge funds own 96.03% of the company’s stock.

Cross Country Healthcare Stock Performance

CCRN opened at $10.76 on Friday. The business’s 50-day simple moving average is $11.79 and its 200 day simple moving average is $13.69. Cross Country Healthcare has a 52-week low of $9.58 and a 52-week high of $23.64. The firm has a market capitalization of $354.19 million, a PE ratio of -215.20, a PEG ratio of 2.06 and a beta of 0.65.

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.