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

Cross Country Healthcare (NASDAQ:CCRN) was upgraded by investment analysts at Wedbush from a “neutral” rating to an “outperform” rating in a report issued on Thursday, Marketbeat Ratings reports. The brokerage presently has a $15.00 price target on the business services provider’s stock, up from their prior price target of $11.00. Wedbush’s target price would suggest a potential upside of 63.40% from the company’s previous close.

A number of other equities research analysts have also weighed in on CCRN. Weiss Ratings reissued a “sell (e+)” rating on shares of Cross Country Healthcare in a research note on Monday, December 29th. Cross Research set a $14.00 price target on Cross Country Healthcare in a research note on Thursday, March 5th. Truist Financial set a $10.00 price objective on Cross Country Healthcare in a research report on Tuesday, December 16th. UBS Group dropped their price objective on Cross Country Healthcare from $16.50 to $9.00 and set a “neutral” rating for the company in a research note on Tuesday, December 9th. Finally, Zacks Research upgraded shares of Cross Country Healthcare from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Cross Country Healthcare presently has a consensus rating of “Hold” and an average price target of $12.53.

Cross Country Healthcare Stock Performance

CCRN stock opened at $9.18 on Thursday. The firm has a market cap of $296.70 million, a P/E ratio of -3.13, a P/E/G ratio of 9.84 and a beta of 0.42. The firm’s fifty day moving average is $8.93 and its 200 day moving average is $10.45. Cross Country Healthcare has a 52 week low of $7.43 and a 52 week high of $15.30.

Cross Country Healthcare (NASDAQ:CCRN) last posted its quarterly earnings results on Wednesday, March 4th. The business services provider reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.09). Cross Country Healthcare had a positive return on equity of 0.13% and a negative net margin of 9.00%.The business had revenue of $236.76 million during 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, analysts forecast that Cross Country Healthcare will post 0.53 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Alliancebernstein L.P. grew its stake 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. lifted its position in Cross Country Healthcare by 56.9% during the first quarter. Goldman Sachs Group Inc. now owns 1,095,178 shares of the business services provider’s stock valued at $16,307,000 after buying an additional 397,216 shares during the period. Quinn Opportunity Partners LLC bought a new stake in shares of Cross Country Healthcare during the 4th quarter valued at $8,470,000. Dana Investment Advisors Inc. grew its position in shares of Cross Country Healthcare by 71.2% in the 4th quarter. Dana Investment Advisors Inc. now owns 1,008,525 shares of the business services provider’s stock worth $8,169,000 after buying an additional 419,429 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Cross Country Healthcare by 28.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 969,458 shares of the business services provider’s stock worth $7,853,000 after acquiring an additional 211,925 shares in the last quarter. Hedge funds and other 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.