Analysts Set Clarivate Plc (NYSE:CLVT) PT at $7.75

Clarivate Plc (NYSE:CLVT - Get Free Report) has received an average recommendation of "Hold" from the eight research firms that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $7.75.

CLVT has been the subject of a number of analyst reports. Royal Bank of Canada dropped their target price on shares of Clarivate from $8.00 to $7.00 and set a "sector perform" rating for the company in a report on Wednesday, August 7th. Barclays dropped their price objective on Clarivate from $6.00 to $5.00 and set an "underweight" rating for the company in a report on Wednesday, August 7th.

Insider Buying and Selling at Clarivate

In other news, Director Saurabh Saha sold 17,646 shares of the company's stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $6.75, for a total value of $119,110.50. Following the sale, the director now directly owns 23,741 shares of the company's stock, valued at approximately $160,251.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Andrew Miles Snyder acquired 28,938 shares of the business's stock in a transaction that occurred on Thursday, August 8th. The shares were bought at an average cost of $5.49 per share, with a total value of $158,869.62. Following the transaction, the director now owns 288,334 shares of the company's stock, valued at approximately $1,582,953.66. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Saurabh Saha sold 17,646 shares of the company's stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $6.75, for a total transaction of $119,110.50. Following the completion of the transaction, the director now owns 23,741 shares in the company, valued at approximately $160,251.75. The disclosure for this sale can be found here. Insiders own 22.77% of the company's stock.

Institutional Trading of Clarivate

Several institutional investors have recently added to or reduced their stakes in CLVT. SG Americas Securities LLC purchased a new position in shares of Clarivate during the second quarter valued at approximately $1,410,000. Edmond DE Rothschild Holding S.A. purchased a new position in shares of Clarivate in the 4th quarter worth $25,576,000. Glenview Capital Management LLC increased its position in Clarivate by 22.2% during the fourth quarter. Glenview Capital Management LLC now owns 24,651,047 shares of the company's stock valued at $228,269,000 after acquiring an additional 4,472,302 shares during the last quarter. Capital World Investors purchased a new position in Clarivate in the first quarter worth about $30,104,000. Finally, Confluence Investment Management LLC purchased a new stake in shares of Clarivate during the 1st quarter valued at about $18,389,000. 85.72% of the stock is currently owned by hedge funds and other institutional investors.

Clarivate Trading Up 4.1 %

NYSE CLVT traded up $0.26 during trading on Friday, hitting $6.57. 3,316,476 shares of the company's stock traded hands, compared to its average volume of 4,358,022. The stock has a fifty day moving average of $6.35 and a two-hundred day moving average of $6.45. Clarivate has a 12-month low of $4.97 and a 12-month high of $9.60. The firm has a market cap of $4.39 billion, a P/E ratio of -3.96, a PEG ratio of 3.24 and a beta of 1.17. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.90 and a quick ratio of 0.90.

Clarivate (NYSE:CLVT - Get Free Report) last issued its earnings results on Tuesday, August 6th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.02. The company had revenue of $650.30 million during the quarter, compared to analysts' expectations of $651.94 million. Clarivate had a positive return on equity of 10.01% and a negative net margin of 46.53%. Clarivate's quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.16 EPS. As a group, sell-side analysts expect that Clarivate will post 0.64 EPS for the current year.

Clarivate Company Profile

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.