The price of Clarivate Plc (NYSE:CLVT) shares last traded on Wall Street fell -0.96% to $4.11.
CLVT stock price is now -17.72% away from the 50-day moving average and -28.98% away from the 200-day moving average. The market capitalization of the company currently stands at $2.84B.
On December 15, 2023, Wells Fargo Downgraded its previous ‘Equal Weight’ rating to ‘Underweight’ on the stock keeping its target price maintained at $8, while ‘Jefferies’ rates the stock as ‘Buy’
In other news, Pritchett Wendell E., Director bought 22,857 shares of the company’s stock on Mar 03 ’25. The stock was bought for $100,114 at an average price of $4.38. Upon completion of the transaction, the Director now directly owns 71,835 shares in the company, valued at $0.3 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 03 ’25, Director SAHA SAURABH bought 58,275 shares of the business’s stock. A total of $254,079 was incurred on buying the stock at an average price of $4.36. This leaves the insider owning 82,016 shares of the company worth $0.34 million. A total of 41.77% of the company’s stock is owned by insiders.
During the past 12 months, Clarivate Plc has had a low of $4.11 and a high of $7.77. As of last week, the company has a debt-to-equity ratio of 0.89, a current ratio of 0.87, and a quick ratio of 0.87.
The net profit margin was -26.13% and return on equity was -11.44% for CLVT. The company reported revenue of $663.0 million for the quarter, compared to $683.7 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.03 percent.
