Clover Health Investments Corp (NASDAQ:CLOV) Risks You Should Know Before Investing

The price of Clover Health Investments Corp (NASDAQ:CLOV) shares last traded on Wall Street fell -2.44% to $0.90.

Based on available information, 3 analysts follow Clover Health Investments Corp (NASDAQ:CLOV). The consensus rating among analysts is ‘Overweight’. CLOV stock price is now -17.49% away from the 50-day moving average and -13.62% away from the 200-day moving average. The market capitalization of the company currently stands at $437.30M.

Among analysts, 2 rate the stock a hold while 1 rate it a buy.

With the price target reduced from $7 to $3, Cowen Upgraded its rating from Underperform to Market Perform for Clover Health Investments Corp (NASDAQ: CLOV).

In other news, Loengard Anna U, Director bought 11,000 shares of the company’s stock on Sep 06. The stock was bought for $14,300 at an average price of $1.30. Upon completion of the transaction, the Director now directly owns 10,000 shares in the company, valued at $9000.0. Insiders disposed of 1,675,895 shares of company stock worth roughly $1.51 million over the past 1 year. A total of 24.04% of the company’s stock is owned by insiders.

A candlestick chart of Clover Health Investments Corp (NASDAQ: CLOV) showed a price of $0.9200 on Wednesday morning. During the past 12 months, Clover Health Investments Corp has had a low of $0.71 and a high of $1.63. The fifty day moving average price for CLOV is $1.0931 and a two-hundred day moving average price translates $1.0441 for the stock.

The latest earnings results from Clover Health Investments Corp (NASDAQ: CLOV) was released for Sep, 2023. According to the Healthcare Plans Company, earnings per share came in at -$0.06, beating analysts’ expectations of -$0.15 by 0.09. This compares to -$0.16 EPS in the same period last year. The net profit margin was -9.33% and return on equity was -68.85% for CLOV. The company reported revenue of $482.07 million for the quarter, compared to $856.82 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -43.74 percent. For the current quarter, analysts expect CLOV to generate $494.6M in revenue.

Clover Health Investments Corp(CLOV) Company Profile

Clover Health Investments, Corp. provides medicare advantage plans in the United States. The company through its Clover Assistant, a software platform that provides preferred provider organization and health maintenance organization health plans for medicare-eligible consumers. It also focuses on non-insurance businesses. The company was incorporated in 2014 and is based in Franklin, Tennessee.

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