Clover Health Investments, Corp. (NASDAQ:CLOV - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $1.78 and last traded at $1.73, with a volume of 362374 shares trading hands. The stock had previously closed at $1.73.
Clover Health Investments Price Performance
The stock has a 50-day simple moving average of $1.27 and a 200-day simple moving average of $0.99. The stock has a market cap of $878.69 million, a P/E ratio of -5.21 and a beta of 2.11.
Clover Health Investments (NASDAQ:CLOV - Get Free Report) last released its earnings results on Tuesday, May 7th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.07) by $0.02. The firm had revenue of $346.92 million for the quarter, compared to analysts' expectations of $316.10 million. Clover Health Investments had a negative return on equity of 48.07% and a negative net margin of 8.63%. As a group, sell-side analysts forecast that Clover Health Investments, Corp. will post -0.21 earnings per share for the current year.
Institutional Trading of Clover Health Investments
Hedge funds and other institutional investors have recently made changes to their positions in the company. Jupiter Asset Management Ltd. grew its holdings in shares of Clover Health Investments by 18.1% during the first quarter. Jupiter Asset Management Ltd. now owns 4,525,079 shares of the company's stock worth $3,593,000 after purchasing an additional 692,878 shares during the last quarter. Jump Financial LLC bought a new stake in shares of Clover Health Investments during the fourth quarter worth about $125,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Clover Health Investments during the fourth quarter worth about $162,000. SignalPoint Asset Management LLC grew its holdings in shares of Clover Health Investments by 40.3% during the first quarter. SignalPoint Asset Management LLC now owns 139,366 shares of the company's stock worth $111,000 after purchasing an additional 40,000 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Clover Health Investments by 151.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 77,948 shares of the company's stock worth $62,000 after acquiring an additional 46,912 shares during the period. 19.77% of the stock is currently owned by institutional investors.
About Clover Health Investments
(
Get Free Report)
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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