Stocks of Clover Health Investments Corp (NASDAQ:CLOV) traded higher last session on Wall Street, up 0.98% to $3.09.
CLOV stock price is now 37.63% away from the 50-day moving average and 146.69% away from the 200-day moving average. The market capitalization of the company currently stands at $1.54B.
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With the price target reduced from $7 to $3, Cowen Upgraded its rating from Underperform to Market Perform for Clover Health Investments Corp (NASDAQ: CLOV). On February 02, 2022, Canaccord Genuity recently initiated its ‘Buy’ rating on the stock quoting a target price of $6, while ‘SVB Leerink’ rates the stock as ‘Mkt Perform’
In other news, Garipalli Vivek, Director bought 531,700 shares of the company’s stock on Aug 09 ’24. The stock was bought for $999,596 at an average price of $1.88. Upon completion of the transaction, the Director now directly owns 1,409,267 shares in the company, valued at $4.35 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 17 ’24, Director Garipalli Vivek bought 877,567 shares of the business’s stock. A total of $1,000,426 was incurred on buying the stock at an average price of $1.14. This leaves the insider owning 877,567 shares of the company worth $2.71 million. A total of 24.47% of the company’s stock is owned by insiders.
During the past 12 months, Clover Health Investments Corp has had a low of $0.61 and a high of $3.82. The fifty day moving average price for CLOV is $2.2804 and a two-hundred day moving average price translates $1.26344 for the stock.
The latest earnings results from Clover Health Investments Corp (NASDAQ: CLOV) was released for 2024-06-30. The net profit margin was -7.32% and return on equity was -39.04% for CLOV. The company reported revenue of $356.26 million for the quarter, compared to $320.14 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.28 percent.
