Clarivate (CLVT) Stock Price, News & Analysis

Company Overview

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. It also provides Patent and Trademark Renewals, that supports paralegal and admin tasks throughout the patent and trademark protection and maintenance process; CompuMark and Derwent, that supports critical decisions around patent and trademark protection, risk, and value creation throughout the innovation and brand lifecycle; IPFolio and Foundation IP that creates a structured environment for the protection and management of global patent and trademark assets. In addition, the company offers Cortellis Competitive Intelligence and Cortellis Drug Discovery Intelligence, that supports the development of new drugs and medical devices from discovery to clinical trials; Cortellis Regulatory Intelligence and OFF-X to monitor drug safety issues and adhere to regulatory protocols; Real World Data and Optimize that inform commercial launch strategy and set pricing for optimal reimbursement. It serves corporations, universities, law firms, government agencies, public libraries, and other professional services organizations. The company was formerly known as Clarivate Analytics Plc and changed its name to Clarivate Plc in May 2020. Clarivate Plc was founded in 1864 and is headquartered in London, the United Kingdom.

Key Stats

• Today's Range: $4.82 to $5.07
• 50-Day Range: $4.33 to $6.83
• 52-Week Range: $4.25 to $9.60
• Volume: 6.61 million shs
• Average Volume: 4.60 million shs
• Market Capitalization: $3.54 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $7.10
• Consensus Rating: Hold

Clarivate Stock Analysis - MarketRank™

Clarivate scored higher than 61% of companies evaluated by MarketBeat, and ranked 324th out of 652 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.1 / 5
• Analyst Rating: Hold

Consensus Rating

Clarivate has received a consensus rating of Hold. The company's average rating score is 2.17, and is based on 2 buy ratings, 3 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Clarivate has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: -1.59%

Earnings Growth

Earnings for Clarivate are expected to decrease by -1.59% in the coming year, from $0.63 to $0.62 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Clarivate is -2.50, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Clarivate is -2.50, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Clarivate has a P/B Ratio of 0.72. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

5.85% of the outstanding shares of Clarivate have been sold short.

Short Interest Ratio / Days to Cover

Clarivate has a short interest ratio ("days to cover") of 8.1.

Change versus previous month

Short interest in Clarivate has recently increased by 15.75%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Clarivate does not currently pay a dividend.

Dividend Growth

Clarivate does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

5.85% of the outstanding shares of Clarivate have been sold short.

Short Interest Ratio / Days to Cover

Clarivate has a short interest ratio ("days to cover") of 8.1.

Change versus previous month

Short interest in Clarivate has recently increased by 15.75%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.9 / 5
• News Sentiment: 0.94

News Sentiment

Clarivate has a news sentiment score of 0.94. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.65 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 8 news articles for Clarivate this week, compared to 5 articles on an average week.

Search Interest

8 people have searched for CLVT on MarketBeat in the last 30 days. This is an increase of 60% compared to the previous 30 days.

MarketBeat Follows

9 people have added Clarivate to their MarketBeat watchlist in the last 30 days. This is an increase of 29% compared to the previous 30 days.

Company Ownership

• Score: 5.0 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Clarivate insiders have bought 2,670.32% more of their company's stock than they have sold. Specifically, they have bought $11,635,350.00 in company stock and sold $420,000.00 in company stock.

Percentage Held by Insiders

23.14% of the stock of Clarivate is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

85.72% of the stock of Clarivate is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CLVT Stock Analysis - Frequently Asked Questions

How have CLVT shares performed this year?

Clarivate's stock was trading at $9.26 at the beginning of the year. Since then, CLVT stock has decreased by 46.2% and is now trading at $4.98.
View the best growth stocks for 2024 here.

How were Clarivate's earnings last quarter?

Clarivate Plc (NYSE:CLVT) announced its quarterly earnings results on Wednesday, November, 6th. The company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.19. The company's revenue was down 3.9% on a year-over-year basis.

Is Clarivate doing a stock buyback?

Clarivate's board authorized a share repurchase plan on Monday, December 16th 2024, which allows the company to repurchase $500,000,000 in shares, according to EventVestor. This means that the company could repurchase up to 12.8% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its shares are undervalued.

Who are Clarivate's major shareholders?

Clarivate's top institutional investors include Clarkston Capital Partners LLC (9.03%), Janus Henderson Group PLC (1.77%), Thompson Siegel & Walmsley LLC (1.29%) and Perpetual Ltd (1.10%). Insiders that own company stock include Bar Veinstein, James Gordon Samson, Andrew Miles Snyder and Saurabh Saha.
View institutional ownership trends.

How do I buy shares of Clarivate?

Shares of CLVT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Clarivate own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Clarivate investors own include Cisco Systems (CSCO), Home Depot (HD), Meta Platforms (META), NVIDIA (NVDA), Tesla (TSLA), Advanced Micro Devices (AMD) and Walmart (WMT).

Company Calendar

• Last Earnings: 11/06/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Computer and Technology
• Industry: Data processing & preparation
• Sub-Industry: Business Services
• Current Symbol: NYSE:CLVT
• CUSIP: N/A
• CIK: 1764046
• Web: www.clarivate.com
• Phone: 442074334000
• Fax: N/A
• Employees: 12,000
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $7.10
• High Stock Price Target: $10.00
• Low Stock Price Target: $4.00
• Potential Upside/Downside: +42.6%
• Consensus Rating: Hold
• Rating Score (0-4): 2.17
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($1.99)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 7.90
• P/E Growth: N/A
• Net Income: $-911,200,000.00
• Net Margins: -50.00%
• Pretax Margin: -49.80%
• Return on Equity: 9.69%
• Return on Assets: 3.97%

Debt

• Debt-to-Equity Ratio: 0.84
• Current Ratio: 0.88
• Quick Ratio: 0.88

Sales & Book Value

• Annual Sales: $2.58 billion
• Price / Sales: 1.37
• Cash Flow: $1.69 per share
• Price / Cash Flow: 2.95
• Book Value: $6.93 per share
• Price / Book: 0.72

Miscellaneous

• Outstanding Shares: 710,404,000
• Free Float: 548,645,000
• Market Cap: $3.54 billion
• Optionable: Optionable
• Beta: 1.12