Clover Health Investments, Corp. (NASDAQ:CLOV – Get Free Report) was the recipient of unusually large options trading activity on Thursday. Stock traders purchased 28,694 call options on the stock. This is an increase of approximately 57% compared to the average volume of 18,300 call options.
Clover Health Investments Price Performance
Shares of CLOV stock opened at $2.82 on Friday. The company’s fifty day moving average price is $1.89 and its two-hundred day moving average price is $1.22. The firm has a market capitalization of $1.40 billion, a P/E ratio of -8.29 and a beta of 2.10. Clover Health Investments has a 12 month low of $0.61 and a 12 month high of $3.82.
Clover Health Investments (NASDAQ:CLOV – Get Free Report) last released its quarterly earnings results on Monday, August 5th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.05. Clover Health Investments had a negative return on equity of 48.07% and a negative net margin of 8.63%. The business had revenue of $356.26 million for the quarter, compared to analysts’ expectations of $338.70 million. During the same quarter in the previous year, the firm posted ($0.06) earnings per share. On average, sell-side analysts anticipate that Clover Health Investments will post -0.21 EPS for the current year.
Hedge Funds Weigh In On Clover Health Investments
Clover Health Investments Company Profile
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.
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