In yesterday’s Wall Street session, Clover Health Investments Corp (NASDAQ:CLOV) shares traded at $0.87, up 17.65% from the previous session.
CLOV stock price is now 16.90% away from the 50-day moving average and -11.68% away from the 200-day moving average. The market capitalization of the company currently stands at $430.09M.
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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 137,000 shares of the company’s stock on Mar 14 ’24. The stock was bought for $100,010 at an average price of $0.73. Upon completion of the transaction, the Director now directly owns 538,841 shares in the company, valued at $0.47 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 14 ’24, Director Loengard Anna U bought 13,625 shares of the business’s stock. A total of $9,946 was incurred on buying the stock at an average price of $0.73. This leaves the insider owning 15,125 shares of the company worth $13158.75. A total of 23.68% of the company’s stock is owned by insiders.
During the past 12 months, Clover Health Investments Corp has had a low of $0.61 and a high of $1.63.
According to the Healthcare Plans Company, earnings per share came in at -0.15, beating analysts’ expectations of -0.18 by 0.03. This compares to $0.01 EPS in the same period last year. The net profit margin was -8.66% and return on equity was -53.26% for CLOV. The company reported revenue of $346.92 million for the quarter, compared to $321.99 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.74 percent. For the current quarter, analysts expect CLOV to generate $346.92M 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.
