Clover Health Investments (NASDAQ:CLOV) Stock Price Up 5.5%

Shares of Clover Health Investments, Corp. (NASDAQ:CLOV - Get Free Report) rose 5.5% during trading on Monday . The stock traded as high as $1.34 and last traded at $1.34. Approximately 877,004 shares changed hands during mid-day trading, a decline of 89% from the average daily volume of 7,831,764 shares. The stock had previously closed at $1.27.

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Clover Health Investments Stock Up 4.7 %

The company's fifty day moving average price is $1.02 and its two-hundred day moving average price is $0.92. The firm has a market cap of $660.27 million, a PE ratio of -3.91 and a beta of 2.11.

Clover Health Investments (NASDAQ:CLOV - Get Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The company reported ($0.05) earnings per share for the quarter, beating analysts' consensus estimates of ($0.07) by $0.02. The company had revenue of $346.92 million for the quarter, compared to analyst estimates 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, analysts predict that Clover Health Investments, Corp. will post -0.21 earnings per share for the current year.

Hedge Funds Weigh In On Clover Health Investments

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Jupiter Asset Management Ltd. grew its position in 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 buying an additional 692,878 shares during the period. Citigroup Inc. raised its holdings in Clover Health Investments by 4,040.8% during the third quarter. Citigroup Inc. now owns 372,421 shares of the company's stock worth $402,000 after purchasing an additional 363,427 shares during the last quarter. Bayesian Capital Management LP purchased a new stake in Clover Health Investments during the first quarter worth $142,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Clover Health Investments in the fourth quarter valued at $162,000. Finally, Jump Financial LLC acquired a new stake in Clover Health Investments in the fourth quarter valued at $125,000. 19.77% of the stock is owned by institutional investors and hedge funds.

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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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