Clarivate Plc (NYSE:CLVT - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $4.20 and last traded at $4.20, with a volume of 4149063 shares traded. The stock had previously closed at $4.29.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on CLVT. Royal Bank of Canada reiterated a "sector perform" rating and issued a $6.00 price objective on shares of Clarivate in a research note on Thursday, February 20th. Barclays decreased their price target on shares of Clarivate from $5.00 to $4.00 and set an "underweight" rating for the company in a research note on Thursday, November 7th.
View Our Latest Research Report on CLVT
Clarivate Stock Performance
The company has a debt-to-equity ratio of 0.88, a current ratio of 0.87 and a quick ratio of 0.88. The company has a fifty day moving average price of $4.98 and a 200 day moving average price of $5.70. The stock has a market cap of $3.01 billion, a P/E ratio of -4.54 and a beta of 1.28.
Clarivate announced that its Board of Directors has approved a share buyback plan on Monday, December 16th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to reacquire up to 12.8% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is undervalued.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the business. GAMMA Investing LLC increased its position in shares of Clarivate by 161.4% during the fourth quarter. GAMMA Investing LLC now owns 5,256 shares of the company's stock worth $27,000 after acquiring an additional 3,245 shares in the last quarter. KBC Group NV boosted its stake in Clarivate by 33.2% during the 3rd quarter. KBC Group NV now owns 10,225 shares of the company's stock valued at $73,000 after purchasing an additional 2,549 shares during the last quarter. RPO LLC bought a new stake in Clarivate during the 4th quarter worth approximately $55,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Clarivate in the fourth quarter worth approximately $56,000. Finally, Kathmere Capital Management LLC purchased a new stake in shares of Clarivate in the fourth quarter worth approximately $58,000. 85.72% of the stock is owned by institutional investors.
About Clarivate
(
Get Free Report)
Clarivate Plc operates as an information services provider in the Americas, the Middle East, Africa, Europe, and the Asia Pacific. It operates through three segments: Academia & Government, Life Sciences & Healthcare, and Intellectual Property. The company offers Web of Science and InCites, that analyzes and explores the academic research landscape and manages research information; ProQuest One and Ebook Central that provides comprehensive content collections to institutions in a cost-effective manner; and Alma and Polaris, that manages academic resources and services, connect users, and support research publications.
Featured Articles
Before you consider Clarivate, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Clarivate wasn't on the list.
While Clarivate currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
