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Clover Overall health Investments, Corp. (NASDAQ:CLOV – Get Rating) – Equities scientists at SVB Leerink lessened their Q3 2022 EPS estimates for shares of Clover Overall health Investments in a investigate report issued on Tuesday, August 9th. SVB Leerink analyst W. Mayo now anticipates that the corporation will make ($.26) per share for the quarter, down from their prior forecast of ($.20). The consensus estimate for Clover Health Investments’ latest whole-calendar year earnings is ($1.04) per share. SVB Leerink also issued estimates for Clover Wellness Investments’ Q4 2022 earnings at ($.31) EPS, FY2022 earnings at ($.94) EPS, Q1 2023 earnings at ($.19) EPS, Q2 2023 earnings at ($.29) EPS, Q3 2023 earnings at ($.20) EPS, Q4 2023 earnings at ($.21) EPS, FY2023 earnings at ($.89) EPS and FY2024 earnings at ($.43) EPS.
Clover Wellness Investments (NASDAQ:CLOV – Get Rating) final issued its earnings results on Monday, May 9th. The organization noted ($.19) earnings for each share (EPS) for the quarter, beating the consensus estimate of ($.24) by $.05. Clover Health and fitness Investments had a unfavorable return on equity of 88.55% and a detrimental internet margin of 15.55%. The business had revenue of $874.38 million for the quarter, compared to analyst estimates of $815.42 million.
Quite a few other equities analysis analysts also lately commented on CLOV. Citigroup upped their price goal on shares of Clover Wellbeing Investments from $3.00 to $3.50 and gave the firm a “neutral” ranking in a report on Tuesday. Credit score Suisse Team dropped their price tag concentrate on on shares of Clover Health Investments from $3.50 to $3.00 and set an “underperform” rating on the inventory in a analysis observe on Tuesday. A single study analyst has rated the inventory with a promote ranking, three have offered a hold ranking and two have presented a purchase score to the inventory. Dependent on info from MarketBeat.com, the corporation has an typical ranking of “Hold” and an average target value of $4.17.
Clover Overall health Investments Stock Up 1.3 %
CLOV inventory opened at $3.11 on Thursday. The inventory has a fifty working day relocating normal of $2.53 and a 200-working day moving common of $2.72. Clover Health and fitness Investments has a fifty-two week small of $1.95 and a fifty-two week high of $11.13. The enterprise has a sector capitalization of $1.47 billion, a cost-to-earnings ratio of -3.74 and a beta of 1.99. The organization has a credit card debt-to-equity ratio of .05, a swift ratio of 1.16 and a latest ratio of 1.16.
Institutional Trading of Clover Wellbeing Investments
Numerous institutional investors and hedge cash have not too long ago bought and marketed shares of the business. Sterling Expenditure Advisors Ltd. grew its place in shares of Clover Wellness Investments by 65,000.% all through the 2nd quarter. Sterling Expenditure Advisors Ltd. now owns 13,020 shares of the company’s inventory valued at $28,000 soon after purchasing an added 13,000 shares in the past quarter. Lazard Asset Management LLC bought a new stake in Clover Health Investments in the course of the initially quarter valued at $35,000. Nicholas Hoffman & Business LLC. obtained a new situation in Clover Overall health Investments for the duration of the 1st quarter worth about $36,000. Atria Prosperity Remedies Inc. purchased a new placement in Clover Health and fitness Investments in the 1st quarter worth about $36,000. Ultimately, Independent Wealth Network Inc. bought a new stake in shares of Clover Wellness Investments in the 1st quarter valued at about $37,000. 23.26% of the inventory is at this time owned by hedge resources and other institutional traders.
About Clover Health and fitness Investments
Clover Wellness Investments, Corp. operates as a medicare advantage insurance company in the United States. The company through its Clover Assistant, a computer software system that delivers most well-liked provider business and wellbeing maintenance firm well being programs for medicare-qualified customers. It also focuses on non-coverage businesses.
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