Shares of Clover Health Investments, Corp. (NASDAQ:CLOV - Get Free Report) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $4.73 and last traded at $4.68, with a volume of 1022951 shares traded. The stock had previously closed at $4.68.
Wall Street Analyst Weigh In
A number of research firms have commented on CLOV. UBS Group assumed coverage on Clover Health Investments in a research note on Monday, October 7th. They set a "neutral" rating and a $4.00 price target on the stock. Craig Hallum initiated coverage on Clover Health Investments in a research note on Tuesday, December 17th. They issued a "buy" rating and a $6.00 target price on the stock.
Check Out Our Latest Analysis on CLOV
Clover Health Investments Trading Up 3.0 %
The business has a fifty day moving average price of $3.48 and a two-hundred day moving average price of $3.11. The company has a market cap of $2.42 billion, a price-to-earnings ratio of -24.10 and a beta of 1.95.
Clover Health Investments (NASDAQ:CLOV - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.03) by $0.01. Clover Health Investments had a negative return on equity of 25.46% and a negative net margin of 5.92%. The company had revenue of $330.99 million for the quarter, compared to the consensus estimate of $347.60 million. During the same quarter last year, the company posted ($0.09) earnings per share. On average, analysts anticipate that Clover Health Investments, Corp. will post -0.12 EPS for the current year.
Institutional Investors Weigh In On Clover Health Investments
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CLOV. Ballentine Partners LLC bought a new position in Clover Health Investments in the fourth quarter valued at $131,000. SignalPoint Asset Management LLC increased its position in Clover Health Investments by 6.2% during the 4th quarter. SignalPoint Asset Management LLC now owns 160,074 shares of the company's stock worth $504,000 after buying an additional 9,390 shares during the period. Steph & Co. boosted its holdings in Clover Health Investments by 33.3% in the 4th quarter. Steph & Co. now owns 20,000 shares of the company's stock valued at $63,000 after purchasing an additional 5,000 shares during the period. Graypoint LLC bought a new stake in shares of Clover Health Investments during the 4th quarter valued at $632,000. Finally, Silverleafe Capital Partners LLC grew its stake in Clover Health Investments by 182.9% during the fourth quarter. Silverleafe Capital Partners LLC now owns 45,000 shares of the company's stock worth $142,000 after buying an additional 29,091 shares in the last quarter. Institutional investors own 19.77% of the company's stock.
About Clover Health Investments
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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.
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