Stocks of Clarivate Plc (NYSE:CLVT) traded higher last session on Wall Street, down -1.33% to $6.66.
CLVT stock price is now 7.53% away from the 50-day moving average and -7.74% away from the 200-day moving average. The market capitalization of the company currently stands at $4.82B.
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With the price target maintained at $8, Wells Fargo recently Downgraded its rating from Equal Weight to Underweight for Clarivate Plc (NYSE: CLVT). On October 16, 2023, Jefferies Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock reducing its target price from $10 to quote $8.50, while ‘Barclays’ rates the stock as ‘Underweight’
In other news, SAHA SAURABH, Director sold 17,646 shares of the company’s stock on Aug 30 ’24. The stock was sold for $119,110 at an average price of $6.75. Upon completion of the transaction, the Director now directly owns 23,741 shares in the company, valued at $0.16 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 30 ’24, Director SAHA SAURABH bought 17,646 shares of the business’s stock. A total of $119,110 was incurred on buying the stock at an average price of $6.75. A total of 41.40% of the company’s stock is owned by insiders.
During the past 12 months, Clarivate Plc has had a low of $4.97 and a high of $9.60. As of last week, the company has a debt-to-equity ratio of 0.84, a current ratio of 0.90, and a quick ratio of 0.90. The fifty day moving average price for CLVT is $6.1936 and a two-hundred day moving average price translates $7.21895 for the stock.
The latest earnings results from Clarivate Plc (NYSE: CLVT) was released for 2024-06-30. The net profit margin was -49.19% and return on equity was -19.31% for CLVT. The company reported revenue of $650.3 million for the quarter, compared to $668.8 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.77 percent.
