Clover Health Investments (CLOV) Scheduled to Post Earnings on Tuesday

Posted by Alphonse Anthony on May 6th, 2024

Clover Health Investments (NASDAQ:CLOV – Get Free Report) will release its earnings data after the market closes on Tuesday, May 7th. Analysts expect Clover Health Investments to post earnings of ($0.07) per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Clover Health Investments (NASDAQ:CLOV – Get Free Report) last announced its quarterly earnings results on Tuesday, March 12th. The company reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.06. Clover Health Investments had a negative return on equity of 62.58% and a negative net margin of 10.49%. The company had revenue of $510.25 million during the quarter, compared to analyst estimates of $491.20 million. On average, analysts expect Clover Health Investments to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Clover Health Investments Stock Up 7.8 %

NASDAQ:CLOV opened at $0.70 on Monday. Clover Health Investments has a 1 year low of $0.61 and a 1 year high of $1.63. The stock’s 50 day simple moving average is $0.75 and its two-hundred day simple moving average is $0.89.

Insiders Place Their Bets

In other news, Director Anna U. Loengard acquired 137,000 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were acquired at an average price of $0.73 per share, for a total transaction of $100,010.00. Following the completion of the transaction, the director now directly owns 538,841 shares of the company’s stock, valued at approximately $393,353.93. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 21.82% of the company’s stock.

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.