Clover Health Investments, Corp. (NASDAQ:CLOV - Get Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at $2.56, but opened at $2.67. Clover Health Investments shares last traded at $2.84, with a volume of 3,938,640 shares trading hands.
Clover Health Investments Price Performance
The firm's 50 day moving average price is $3.13 and its two-hundred day moving average price is $3.59. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of -61.00 and a beta of 1.86.
Clover Health Investments (NASDAQ:CLOV - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.12. The firm had revenue of $462.33 million during the quarter, compared to the consensus estimate of $466.93 million. Clover Health Investments had a negative net margin of 1.69% and a negative return on equity of 7.42%. On average, analysts anticipate that Clover Health Investments, Corp. will post -0.12 earnings per share for the current year.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers boosted its position in Clover Health Investments by 80.5% during the 1st quarter. Rhumbline Advisers now owns 7,085 shares of the company's stock worth $25,000 after acquiring an additional 3,160 shares during the period. Perigon Wealth Management LLC bought a new position in Clover Health Investments in the 1st quarter worth approximately $36,000. Integrated Wealth Concepts LLC bought a new stake in shares of Clover Health Investments during the first quarter valued at approximately $37,000. AQR Capital Management LLC bought a new stake in Clover Health Investments in the first quarter valued at $49,000. Finally, Triumph Capital Management bought a new stake in shares of Clover Health Investments during the fourth quarter worth $45,000. 19.77% of the stock is owned by institutional investors and hedge funds.
Clover Health Investments Company Profile
(
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.
Further Reading
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