Clover Health Investments, Corp. (CLOV)

NASDAQ: CLOV · Real-Time Price · USD
3.230
+0.040 (1.25%)
At close: Dec 20, 2024, 4:00 PM
3.210
-0.020 (-0.62%)
After-hours: Dec 20, 2024, 7:21 PM EST
1.25%
Market Cap 1.62B
Revenue (ttm) 2.12B
Net Income (ttm) -91.39M
Shares Out 501.11M
EPS (ttm) -0.19
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 4,042,511
Open 3.150
Previous Close 3.190
Day's Range 3.125 - 3.295
52-Week Range 0.606 - 4.710
Beta 1.95
Analysts Buy
Price Target 5.00 (+54.8%)
Earnings Date Nov 6, 2024

About CLOV

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. Clover Health Investments, Corp. is based in Franklin, Tennessee. [Read more]

Sector Healthcare
Founded 2014
Employees 552
Stock Exchange NASDAQ
Ticker Symbol CLOV
Full Company Profile

Financial Performance

In 2023, Clover Health Investments's revenue was $2.04 billion, a decrease of -43.11% compared to the previous year's $3.58 billion. Losses were -$213.36 million, -37.17% less than in 2022.

Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for CLOV stock is "Buy." The 12-month stock price forecast is $5.0, which is an increase of 54.80% from the latest price.

Price Target
$5.0
(54.80% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Recent Earnings Disappointment Could Be An Ideal Buying Opportunity For Clover Health

Clover Health's recent performance shows mixed results, with revenue growth but a significant share price drop, presenting a potential buying opportunity. Operational efficiency is improving, with bet...

9 hours ago - Seeking Alpha

Clover Health to Participate in Upcoming 43rd Annual J.P. Morgan Healthcare Conference

JERSEY CITY, N.J., Dec. 17, 2024 (GLOBE NEWSWIRE) -- Remote-First Company -- Clover Health Investments, Corp. (Nasdaq: CLOV) (“Clover,” “Clover Health” or the “Company”), today announced that its Chie...

3 days ago - GlobeNewsWire

Clover Health: Balancing Innovation And Challenges

Clover Health Investments shows financial progress and challenges in 2024, with a focus on innovative Medicare Advantage plans and technology-driven healthcare solutions. The company achieved a 4.0 ra...

10 days ago - Seeking Alpha

Clover Health: Buy The Dip, Reap The Rewards

Clover's 32% dip following its Q3 earnings could be an opportunity to accumulate shares. Clover continues to grow its topline and improve its bottom line performance. Clover's latest star rating upgra...

4 weeks ago - Seeking Alpha

Hippocratic AI Establishes a Healthcare Advisory Board Comprised of Seven Industry Visionaries and Business Leaders

PALO ALTO, Calif.--(BUSINESS WIRE)-- #GenAI--The board's purpose is to help guide the company on broad industry issues and complements Hippocratic AI's Physician and Nurse Advisory Councils.

5 weeks ago - Business Wire

Clover Health Investments, Corp. (CLOV) Q3 2024 Earnings Call Transcript

Clover Health Investments, Corp. (NASDAQ:CLOV) Q3 2024 Earnings Conference Call November 6, 2024 5:00 PM ET Company Participants Ryan Schmidt - Investor Relations Andrew Toy - Chief Executive Officer...

6 weeks ago - Seeking Alpha

Clover Health's Rally: The Payoff Of A Profitable Pivot

Clover Health's pivot to profitability over growth following the divestiture of the non-insurance segment at the end of 2023 has led to significant earnings improvements. The newly launched Counterpar...

6 weeks ago - Seeking Alpha

Clover Health to Report Third Quarter 2024 Financial Results on November 6

FRANKLIN, Tenn., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Clover Health Investments, Corp. (Nasdaq: CLOV) (“Clover Health”), today announced that it will report third quarter 2024 financial results after mar...

2 months ago - GlobeNewsWire

2025 Clover Health Medicare Advantage Benefits Demonstrate Commitment to New Jersey Seniors

Company's affordable, benefit-rich flagship PPO plans now have 4 Star rating Company's affordable, benefit-rich flagship PPO plans now have 4 Star rating

2 months ago - GlobeNewsWire

Clover Health PPO Medicare Advantage Plans Earn 4 Star Rating for 2025

Overall Star rating performance increase was driven by exceptional performance on healthcare quality measures, Medication Adherence and Member Experience Overall Star rating performance increase was d...

2 months ago - GlobeNewsWire

Counterpart Health Names David Tsay M.D., Ph.D as Chief Medical Officer

Dr. Tsay Brings Unique Expertise in AI, Digital Health, and Clinical Innovation to Counterpart Health Dr. Tsay Brings Unique Expertise in AI, Digital Health, and Clinical Innovation to Counterpart Hea...

2 months ago - GlobeNewsWire

Undercovered Dozen: Clover Health, Quipt, Vital Energy, STMicroelectronics +

The 'Undercovered' Dozen highlights 12 lesser-covered stocks with strong potential, aiming to provide investment ideas and spark community discussion. Dmytro Konovalov takes a look at the impacts of T...

Other symbols: STMVTLE
2 months ago - Seeking Alpha

Clover Health Appoints Seasoned Healthcare Executive as Chief Operating Officer for Medicare Advantage Operations

New Jersey Native Joseph Brand to Lead Operational Efficiency and Innovation in MA Operations, Enhancing Care for Physicians and Patients New Jersey Native Joseph Brand to Lead Operational Efficiency ...

3 months ago - GlobeNewsWire

The Iowa Clinic Signs Multi-Year Agreement with Counterpart Health to Deploy Proven AI Technology to Hundreds of Providers Across the Midwest

FRANKLIN, Tenn., Sept. 03, 2024 (GLOBE NEWSWIRE) -- Today, Counterpart Health, Inc . (“Counterpart”), a leading AI-powered physician enablement platform, announced a multi-year agreement with The Iowa...

3 months ago - GlobeNewsWire

Clover Health to Participate in Upcoming 2024 Wells Fargo Healthcare Conference

FRANKLIN, Tenn., Aug. 21, 2024 (GLOBE NEWSWIRE) -- Clover Health Investments, Corp. (Nasdaq: CLOV) (“Clover,” “Clover Health” or the “Company”), a physician enablement technology company committed to ...

4 months ago - GlobeNewsWire

Clover Health: A Profitable Future Ahead Fueled By AI And Star Rating Success

Clover Health Investments posted its first profitable quarter as a public company and raised its full-year guidance in Q2. Clover Health's star rating increased by 0.5 stars, which could have a positi...

4 months ago - Seeking Alpha

Clover Health Investments, Corp. (CLOV) Q2 2024 Earnings Call Transcript

Clover Health Investments, Corp. (NASDAQ:CLOV) Q2 2024 Earnings Conference Call August 5, 2024 5:00 PM ET Company Participants Ryan Schmidt - IR Andrew Toy - CEO Peter Kuipers - CFO Conference Call P...

4 months ago - Seeking Alpha

Clover Health Reports Second Quarter 2024 Financial Results; Improves Full-Year Guidance on Strong Performance

Total Revenue growth for the Second Quarter of 2024 of 11% year-over-year GAAP Net Income from Continuing Operations during the Second Quarter of 2024 of $7.2 million versus Second Quarter 2023 GAAP l...

4 months ago - GlobeNewsWire

Clover Health to Participate in Upcoming 2024 KeyBanc Technology Leadership Forum and Canaccord Genuity 44th Annual Growth Conference

FRANKLIN, Tenn., July 24, 2024 (GLOBE NEWSWIRE) -- Clover Health Investments, Corp. (Nasdaq: CLOV) (“Clover,” “Clover Health” or the “Company”), a physician enablement technology company committed to ...

5 months ago - GlobeNewsWire

Clover Health to Report Second Quarter 2024 Financial Results on August 5

FRANKLIN, Tenn., July 22, 2024 (GLOBE NEWSWIRE) -- Clover Health Investments, Corp. (Nasdaq: CLOV) (“Clover Health”), a physician enablement technology company committed to bringing access to great he...

5 months ago - GlobeNewsWire

Clover Health Regains Compliance with NASDAQ Minimum Bid Price Requirement

FRANKLIN, Tenn., June 26, 2024 (GLOBE NEWSWIRE) -- Clover Health Investments, Corp. (NASDAQ: CLOV) (“Clover,” “Clover Health” or the “Company”), a physician enablement technology company committed to ...

6 months ago - GlobeNewsWire

CMS Improves Star Ratings to 3.5 Stars for Clover Health PPO Medicare Advantage Plans for 2025 Payment Year

The Company previously communicated that CMS had calculated a rating of 3.0 Stars for its PPO plans, impacting payment year 2025. As a result of a recent rating recalculation, CMS has improved that ra...

6 months ago - GlobeNewsWire

The 'Undercovered' Dozen From June 1-6

The "Undercovered" Dozen highlights twelve ideas from the previous month on stocks with limited coverage. Biotechs CRISPR Therapeutics, Voyager Therapeutics, and Alnylam Pharmaceuticals are covered al...

7 months ago - Seeking Alpha

Clover Health: New Business Model Is A Game Changer

Clover Health is making its AI-powered technology platform, Clover Assistant, available for other Medicare Advantage payors and providers under the brand name Counterpart Assistant. The new offering w...

7 months ago - Seeking Alpha

Clover Health Announces Counterpart Health, a New SaaS and Tech Enabled Services Solution to Bring the Power of CA Technology to all Medicare Advantage Payors and Providers

FRANKLIN, Tenn., May 29, 2024 (GLOBE NEWSWIRE) -- Clover Health Investments, Corp. (NASDAQ: CLOV) (“Clover,” “Clover Health” or the “Company”), a physician enablement technology company committed to b...

7 months ago - GlobeNewsWire