Clarivate PLC (NYSE:CLVT) Given Average Recommendation of "Reduce" by Brokerages

Key Points

• Clarivate PLC has received an average rating of "Reduce" from five brokerages, with one sell rating and four hold ratings, along with a 12-month price objective of $4.83.
• Insider James Gordon Samson sold 100,000 shares of Clarivate at an average price of $4.53, decreasing his stake by 7.29% in the company.
• Institutional investors own 85.72% of Clarivate's shares, with significant positions recently adjusted by firms like Clarkston Capital Partners and Vanguard Group.

Shares of Clarivate PLC (NYSE:CLVT - Get Free Report) have been given an average rating of "Reduce" by the five research firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $4.8333.

Several analysts recently commented on the stock. Wolfe Research started coverage on shares of Clarivate in a research report on Wednesday, September 3rd. They issued a "peer perform" rating for the company. Jefferies Financial Group assumed coverage on shares of Clarivate in a research note on Friday, July 18th. They set a "hold" rating and a $4.50 price objective on the stock. Finally, Wall Street Zen cut shares of Clarivate from a "buy" rating to a "hold" rating in a research report on Saturday, June 21st.

Insider Activity

In other Clarivate news, insider James Gordon Samson sold 100,000 shares of the company's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $4.53, for a total value of $453,000.00. Following the transaction, the insider directly owned 1,271,103 shares of the company's stock, valued at $5,758,096.59. This represents a 7.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 23.18% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Clarivate

Several institutional investors and hedge funds have recently bought and sold shares of CLVT. Clarkston Capital Partners LLC raised its position in shares of Clarivate by 5.4% in the first quarter. Clarkston Capital Partners LLC now owns 74,527,914 shares of the company's stock valued at $292,895,000 after buying an additional 3,794,083 shares during the last quarter. HG Vora Capital Management LLC purchased a new position in Clarivate in the first quarter worth approximately $47,160,000. AustralianSuper Pty Ltd purchased a new stake in Clarivate in the 1st quarter valued at $39,593,000. Edmond DE Rothschild Holding S.A. raised its position in Clarivate by 19.5% during the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 9,292,470 shares of the company's stock worth $39,958,000 after buying an additional 1,514,000 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Clarivate by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 8,969,796 shares of the company's stock valued at $35,251,000 after purchasing an additional 218,938 shares in the last quarter. Hedge funds and other institutional investors own 85.72% of the company's stock.

Clarivate Trading Up 1.4%

NYSE CLVT opened at $3.71 on Friday. The firm has a 50 day moving average of $4.18 and a two-hundred day moving average of $4.11. Clarivate has a 52 week low of $3.04 and a 52 week high of $7.15. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $2.49 billion, a PE ratio of -5.98 and a beta of 1.40.

Clarivate (NYSE:CLVT - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18. Clarivate had a negative net margin of 17.33% and a positive return on equity of 8.65%. The business had revenue of $621.40 million during the quarter, compared to analysts' expectations of $587.17 million. During the same quarter in the prior year, the business posted $0.20 EPS. The company's revenue for the quarter was down 4.4% on a year-over-year basis. Clarivate has set its FY 2025 guidance at 0.600-0.700 EPS. As a group, research analysts expect that Clarivate will post 0.63 EPS for the current fiscal year.

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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