Clover Health Investments Corp (NASDAQ:CLOV) shares traded 10.00% higher at $0.80 on Wall Street last session.
CLOV stock price is now -14.09% away from the 50-day moving average and -22.30% away from the 200-day moving average. The market capitalization of the company currently stands at $388.89M.
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). On February 02, 2022, Canaccord Genuity recently initiated its ‘Buy’ rating on the stock quoting a target price of $6, while ‘SVB Leerink’ rates the stock as ‘Mkt Perform’
In other news, Loengard Anna U, Director bought 11,000 shares of the company’s stock on Sep 06 ’23. 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 $8000.0. A total of 24.22% of the company’s stock is owned by insiders.
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 $0.9259 and a two-hundred day moving average price translates $1.0261 for the stock.
The latest earnings results from Clover Health Investments Corp (NASDAQ: CLOV) was released for Dec, 2023. According to the Healthcare Plans Company, earnings per share came in at -$0.14, inline with analysts’ expectations of -$0.14. This compares to -$0.18 EPS in the same period last year. The net profit margin was -10.52% and return on equity was -67.29% for CLOV. The company reported revenue of $510.25 million for the quarter, compared to $898.79 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -43.23 percent. For the current quarter, analysts expect CLOV to generate $401.72M in revenue.
Clover Health Investments Corp(CLOV) Company Profile
Clover Health Investments, Corp. provides medicare advantage plans in the United States. It operates through two segments: Insurance and Non-Insurance. It also offers Clover Assistant, a cloud-based software platform, that enables physicians to detect, identify, and manage chronic diseases earlier; and access to data-driven and personalized insights for the patients they treat. Clover Health Investments, Corp. was incorporated in 2014 and is based in Franklin, Tennessee.
