Clarivate (NYSE:CLVT) Coverage Initiated by Analysts at Jefferies Financial Group

Analysts at Jefferies Financial Group assumed coverage on shares of Clarivate (NYSE:CLVT - Get Free Report) in a report issued on Friday, Marketbeat.com reports. The brokerage set a "hold" rating and a $4.50 price target on the stock. Jefferies Financial Group's target price would suggest a potential upside of 4.24% from the stock's current price.

Separately, Wall Street Zen cut Clarivate from a "buy" rating to a "hold" rating in a research report on Saturday, June 21st. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $4.83.

Clarivate Stock Performance

NYSE:CLVT opened at $4.32 on Friday. The company has a fifty day moving average of $4.30 and a 200-day moving average of $4.38. The firm has a market capitalization of $2.95 billion, a P/E ratio of -4.45 and a beta of 1.47. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.90. Clarivate has a twelve month low of $3.04 and a twelve month high of $7.15.

Clarivate (NYSE:CLVT - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. The firm had revenue of $593.70 million during the quarter, compared to the consensus estimate of $574.03 million. Clarivate had a negative net margin of 26.32% and a positive return on equity of 8.75%. The business's quarterly revenue was down 4.4% compared to the same quarter last year. During the same period last year, the firm earned $0.14 EPS. As a group, sell-side analysts anticipate that Clarivate will post 0.63 EPS for the current year.

Insiders Place Their Bets

In related news, insider James Gordon Samson sold 100,000 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $4.53, for a total value of $453,000.00. Following the completion of the transaction, the insider owned 1,271,103 shares of the company's stock, valued at approximately $5,758,096.59. The trade was a 7.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 23.18% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. American Century Companies Inc. raised its holdings in Clarivate by 175.5% in the 4th quarter. American Century Companies Inc. now owns 5,061,276 shares of the company's stock worth $25,711,000 after acquiring an additional 3,224,278 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Clarivate by 34.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 27,995 shares of the company's stock worth $142,000 after purchasing an additional 7,247 shares during the last quarter. Norges Bank bought a new stake in Clarivate during the fourth quarter worth about $27,764,000. Atairos Partners GP Inc. bought a new position in Clarivate in the fourth quarter valued at about $17,602,000. Finally, Deutsche Bank AG raised its position in shares of Clarivate by 27.4% in the 4th quarter. Deutsche Bank AG now owns 26,217 shares of the company's stock worth $133,000 after acquiring an additional 5,641 shares in the last quarter. 85.72% of the stock is owned by institutional investors and hedge funds.

About Clarivate

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.

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