Analysts Set Cross Country Healthcare, Inc. (NASDAQ:CCRN) Price Target at $12.05

Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) have been given a consensus rating of “Reduce” by the ten ratings firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating and nine have issued a hold rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $12.05.

Several equities analysts recently issued reports on the company. Truist Financial upped their target price on Cross Country Healthcare from $10.00 to $13.25 and gave the company a “hold” rating in a research report on Monday, May 11th. Barrington Research reaffirmed a “market perform” rating and set a $13.25 price target on shares of Cross Country Healthcare in a research report on Monday, June 8th. Benchmark downgraded Cross Country Healthcare from a “buy” rating to a “hold” rating in a research note on Friday, May 8th. Citizens Jmp lowered Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 7th. Finally, Wedbush cut Cross Country Healthcare from an “outperform” rating to a “hold” rating and reduced their price objective for the stock from $15.00 to $13.25 in a research note on Thursday, May 7th.

Hedge Funds Weigh In On Cross Country Healthcare

A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in Cross Country Healthcare during the 2nd quarter valued at approximately $36,329,000. Deutsche Bank AG acquired a new stake in shares of Cross Country Healthcare in the second quarter worth $392,000. Longfellow Investment Management Co. LLC acquired a new stake in shares of Cross Country Healthcare in the second quarter worth $75,000. Bank of New York Mellon Corp purchased a new position in shares of Cross Country Healthcare during the second quarter worth $1,550,000. Finally, GSA Capital Partners LLP purchased a new position in shares of Cross Country Healthcare during the second quarter worth $194,000. 96.03% of the stock is owned by hedge funds and other institutional investors.

Cross Country Healthcare Stock Performance

NASDAQ:CCRN opened at $13.25 on Monday. The company has a market cap of $428.05 million, a PE ratio of -4.34, a P/E/G ratio of 14.32 and a beta of 0.45. Cross Country Healthcare has a twelve month low of $7.43 and a twelve month high of $14.99. The company’s 50 day moving average is $13.22 and its two-hundred day moving average is $11.22.

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.