Clover Overall health Investments (NASDAQ:CLOV – Get Ranking) is established to launch its earnings knowledge right after the industry closes on Monday, Might 9th. Analysts expect Clover Well being Investments to submit earnings of ($.24) for every share for the quarter. People interested in registering for the company’s earnings conference call can do so utilizing this website link.
Clover Well being Investments (NASDAQ:CLOV – Get Ranking) very last announced its earnings benefits on Monday, February 28th. The enterprise documented ($.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($.26) by ($.18). The firm had earnings of $432.04 million all through the quarter, as opposed to analysts’ anticipations of $412.00 million. Clover Wellbeing Investments had a destructive return on equity of 97.71% and a destructive internet margin of 39.93%. On ordinary, analysts be expecting Clover Overall health Investments to publish $-1 EPS for the latest fiscal calendar year and $-1 EPS for the upcoming fiscal yr.
Clover Overall health Investments inventory opened at $2.69 on Monday. The company has a quick ratio of 2.02, a present-day ratio of 2.02 and a financial debt-to-fairness ratio of .04. The business has a current market capitalization of $1.27 billion, a PE ratio of -1.88 and a beta of 1.64. The company has a fifty day simple shifting ordinary of $3.04 and a two-hundred day very simple relocating ordinary of $4.07. Clover Wellness Investments has a twelve thirty day period reduced of $1.95 and a twelve month higher of $28.85.
In other Clover Wellbeing Investments information, Director Chelsea Clinton acquired 100,000 shares of the business’s inventory in a transaction on Thursday, March 3rd. The shares were acquired at an normal cost of $2.53 for each share, for a complete transaction of $253,000.00. The acquisition was disclosed in a filing with the Securities & Trade Commission, which is accessible through the SEC internet site. Also, Director Lee Shapiro acquired 80,000 shares of the business’s inventory in a transaction on Friday, March 11th. The inventory was acquired at an normal cost of $3.10 for each share, for a full transaction of $248,000.00. The disclosure for this purchase can be discovered here.
Huge traders have a short while ago acquired and offered shares of the enterprise. Parametric Portfolio Associates LLC procured a new stake in shares of Clover Wellbeing Investments during the fourth quarter valued at approximately $77,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of Clover Wellness Investments through the fourth quarter valued at around $82,000. Invesco Ltd. grew its holdings in shares of Clover Overall health Investments by 141.6% throughout the fourth quarter. Invesco Ltd. now owns 25,629 shares of the company’s stock valued at $95,000 right after shopping for an added 15,019 shares through the very last quarter. SG3 Administration LLC acquired a new stake in shares of Clover Wellbeing Investments in the course of the fourth quarter valued at roughly $140,000. Eventually, Two Sigma Advisers LP purchased a new stake in shares of Clover Health and fitness Investments throughout the third quarter valued at about $280,000. Hedge funds and other institutional traders personal 18.14% of the company’s inventory.
Many analysts have weighed in on CLOV shares. Cowen lifted shares of Clover Wellness Investments from an “underperform” score to a “market perform” rating and lowered their selling price target for the inventory from $7.00 to $3.00 in a investigate be aware on Wednesday, February 2nd. Zacks Investment Investigation raised shares of Clover Wellbeing Investments from a “hold” rating to a “buy” ranking and set a $3.25 rate focus on for the organization in a investigate observe on Tuesday, April 26th. Credit history Suisse Group downgraded shares of Clover Overall health Investments from a “neutral” rating to an “underperform” score and lowered their price tag concentrate on for the inventory from $9.00 to $3.50 in a research take note on Friday, January 7th. Canaccord Genuity Team upped their rate aim on shares of Clover Overall health Investments from $6.00 to $7.00 and gave the enterprise a “buy” rating in a investigate be aware on Thursday, February 24th. Lastly, Canaccord Genuity Team began protection on shares of Clover Overall health Investments in a exploration note on Wednesday, February 2nd. They established a “buy” rating and a $6.00 rate goal for the corporation. A few analysts have rated the stock with a offer ranking, a few have assigned a hold rating and 4 have given a invest in rating to the company’s inventory. According to MarketBeat, the business presently has a consensus ranking of “Hold” and an regular goal price of $6.43.
About Clover Health and fitness Investments (Get Score)
Clover Well being Investments, Corp. operates as a medicare advantage insurer in the United States. The corporation by its Clover Assistant, a application system that offers favored supplier business and wellness servicing business well being strategies for medicare-suitable consumers. It also focuses on non-insurance plan organizations.
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