Clover Health Investments Corp (NASDAQ:CLOV) shares traded 3.15% higher at $0.95 on Wall Street last session.
In accordance with the data, 3 analysts cover Clover Health Investments Corp (NASDAQ:CLOV). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $2.00 and a low of $1.00, we find $1.00. Given the previous closing price of $0.92, this indicates a potential upside of 8.7 percent. CLOV stock price is now -5.16% away from the 50-day moving average and -7.00% away from the 200-day moving average. The market capitalization of the company currently stands at $463.26M.
It has been rated a hold by 2 analysts and a buy by 1. Brokers who have rated the stock have averaged $1.33 as their price target over the next twelve months.
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 $9500.0. Insiders disposed of 1,931,421 shares of company stock worth roughly $1.83 million over the past 1 year. A total of 24.02% of the company’s stock is owned by insiders.
Clover Health Investments Corp (NASDAQ: CLOV) opened at $0.9235 on Friday. 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 $0.9991 and a two-hundred day moving average price translates $1.0201 for the stock.
The latest earnings results from Clover Health Investments Corp (NASDAQ: CLOV) was released for Sep, 2023. The net profit margin was -9.37% and return on equity was -63.58% 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.
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.
