Clover Health Investments, Corp. (CLOV)

NASDAQ: CLOV · IEX Real-Time Price · USD
1.630
-0.060 (-3.55%)
At close: Jul 19, 2024, 4:00 PM
1.650
+0.020 (1.23%)
After-hours: Jul 19, 2024, 7:57 PM EDT
-3.55%
Market Cap 809.19M
Revenue (ttm) 1.85B
Net Income (ttm) -159.93M
Shares Out 496.44M
EPS (ttm) -0.34
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 3,093,359
Open 1.650
Previous Close 1.690
Day's Range 1.610 - 1.710
52-Week Range 0.606 - 1.780
Beta 2.12
Analysts Hold
Price Target 1.50 (-7.98%)
Earnings Date Aug 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. was incorporated in 2014 and 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, CLOV's revenue was $2.03 billion, a decrease of -41.50% compared to the previous year's $3.48 billion. Losses were -$213.36 million, -37.17% less than in 2022.

Financial Statements

Analyst Forecast

According to one analyst, the rating for CLOV stock is "Hold" and the 12-month stock price forecast is $1.5.

Price Target
$1.5
(-7.98% downside)
Analyst Consensus: Hold
Stock Forecasts

News

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 ...

25 days 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...

5 weeks ago - GlobeNewsWire

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 weeks ago - GlobeNewsWire

Here's why Clover Health stock price spiked after earnings

Clover Health (NASDAQ: CLOV) stock price went parabolic on Wednesday as investors cheered the company's financial results, forward guidance, and share repurchase program. It surged by over 18%, its be...

2 months ago - Invezz

Clover Health Announces Inducement Grant under Nasdaq Listing Rule 5635(c)(4)

FRANKLIN, Tenn., April 30, 2024 (GLOBE NEWSWIRE) -- Clover Health Investments, Corp. (Nasdaq: CLOV) (“Clover” or the “Company”), a physician enablement technology company committed to bringing access ...

2 months ago - GlobeNewsWire

Clover Health to Report First Quarter 2024 Financial Results on May 7, 2024

FRANKLIN, Tenn., April 23, 2024 (GLOBE NEWSWIRE) -- Clover Health Investments, Corp. (NASDAQ: CLOV) (“Clover,” “Clover Health” or the “Company”), today announced that it will report first quarter 2024...

3 months ago - GlobeNewsWire

Clover Health Appoints Healthcare Technology Veteran Peter Kuipers as Chief Financial Officer

FRANKLIN, Tenn., April 22, 2024 (GLOBE NEWSWIRE) -- Clover Health Investments, Corp. (NASDAQ: CLOV) (“Clover,” “Clover Health” or the “Company”), a physician enablement technology company, today annou...

3 months ago - GlobeNewsWire

Clover Health Provides Notice Associated with Previously Disclosed Settlement of Shareholder Derivative Actions

FRANKLIN, Tenn., April 04, 2024 (GLOBE NEWSWIRE) -- As previously disclosed, most recently in its Annual Report on Form 10-K for the fiscal year ended December 31, 2023, and in its Quarterly Report on...

3 months ago - GlobeNewsWire

Clover Health Launches New Clinical Program in Partnership with Quartet Health to Address Serious Mental Illness

Partnership aims to improve outcomes through increased support to underserved and at-risk patient populations through Clover's home-based care model Partnership aims to improve outcomes through increa...

4 months ago - GlobeNewsWire

Clover Health Reports Fourth Quarter and Full Year 2023 Financial Results; Delivers Continued Momentum in Financial Performance and Provides Full-Year 2024 Guidance

Full-year 2023 Insurance MCR improved to 81.2% and fourth quarter MCR to 82.4% Company improves full-year 2023 Net Loss by $126.2 million and full-year Adjusted EBITDA by $245.7 million year-over-year...

4 months ago - GlobeNewsWire

Industry Veteran Clay Thornton Joins Clover Health as CFO of Medicare Advantage

Mr. Thornton brings a decade of Medicare Advantage leadership experience Mr. Thornton brings a decade of Medicare Advantage leadership experience

4 months ago - GlobeNewsWire

Clover Health to Report Fourth Quarter and Full Year 2023 Financial Results on March 12, 2024

FRANKLIN, Tenn., Feb. 26, 2024 (GLOBE NEWSWIRE) -- Clover Health Investments, Corp. (NASDAQ: CLOV) (“Clover,” “Clover Health” or the “Company”), today announced that it will report fourth quarter and ...

5 months ago - GlobeNewsWire

Clover Health Provides Business Update and Full-Year 2024 Objectives

FRANKLIN, Tenn., Jan. 10, 2024 (GLOBE NEWSWIRE) -- Clover Health Investments, Corp. (NASDAQ: CLOV) (“Clover,” “Clover Health” or the “Company”), a physician enablement company committed to bringing ac...

6 months ago - GlobeNewsWire

PCP Use of Clover Assistant Correlated with Increased Medication Fills for Patients who Were Previously Non-Adherent

Higher fill rates result in improved performance on medication adherence quality measures in the Medicare Advantage Stars program for members where Clover Assistant was used Higher fill rates result i...

6 months ago - GlobeNewsWire

Clover Health Announces Departure of Chief Financial Officer; Reiterates Most Recently Issued Financial Guidance for 2023

Lee A. Shapiro, Clover Audit Committee Chair, will lead the search for the next Clover CFO Lee A. Shapiro, Clover Audit Committee Chair, will lead the search for the next Clover CFO

7 months ago - GlobeNewsWire

Clover Health to Present at 42nd Annual J.P. Morgan Healthcare Conference on January 11, 2024

FRANKLIN, Tenn., Dec. 18, 2023 (GLOBE NEWSWIRE) -- Clover Health Investments, Corp. (NASDAQ: CLOV) (“Clover,” “Clover Health” or the “Company”), a physician enablement company committed to bringing ac...

7 months ago - GlobeNewsWire

Clover Health Exits ACO REACH to Accelerate Path to Profitability

FRANKLIN, Tenn., Dec. 01, 2023 (GLOBE NEWSWIRE) -- Clover Health Investments, Corp. (NASDAQ: CLOV) (“Clover,” “Clover Health” or the “Company”), a physician enablement company committed to bringing ac...

8 months ago - GlobeNewsWire

Clover Health and WellBe Senior Medical Partner to Bring In-home Medical Care to Atlanta Patients and Across Rural Georgia

ATLANTA , Nov. 7, 2023 /PRNewswire/ -- Clover Health and WellBe Senior Medical have teamed up to deliver home-based medical care to residents of Georgia living with multiple complex health conditions....

9 months ago - PRNewsWire

Clover Health Reports Third Quarter 2023 Results; Highlights Continued Improvement in Financial Performance and Improved 2023 Guidance

Q3 2023 Insurance MCR Improved to 78.5% , bringing year-to-date MCR to 80.8% , and Insurance revenue grew 12% compared to Q3 2022

9 months ago - GlobeNewsWire

Clover Health Promotes Karen Soares to General Counsel

FRANKLIN, Tenn., Nov. 01, 2023 (GLOBE NEWSWIRE) -- Clover Health (NASDAQ: CLOV) (“Clover,” “Clover Health” or the “Company”), a physician enablement company committed to bringing access to great healt...

9 months ago - GlobeNewsWire

Clover Health to Report Third Quarter 2023 Financial Results on November 6, 2023

FRANKLIN, Tenn., Oct. 17, 2023 (GLOBE NEWSWIRE) -- Clover Health Investments, Corp. (NASDAQ: CLOV) (“Clover,” “Clover Health” or the “Company”), a physician enablement company committed to bringing ac...

9 months ago - GlobeNewsWire

Clinician Use of Clover Assistant is Associated with Earlier Identification and Management of Diabetes

Retrospective data analysis covering forty-four thousand patients and over eight thousand primary care practitioners finds clinicians using Clover Assistant identify and treat diabetes earlier in its ...

10 months ago - GlobeNewsWire

Clover Health to Present at Maxim Group Emerging Growth in A.I. Virtual Conference on September 26, 2023

FRANKLIN, Tenn., Sept. 22, 2023 (GLOBE NEWSWIRE) -- Clover Health Investments, Corp. (NASDAQ: CLOV) (“Clover,” “Clover Health” or the “Company”), a physician enablement company committed to improving ...

10 months ago - GlobeNewsWire

Clover Health to Host Virtual Clover Assistant Showcase on October 12, 2023

FRANKLIN, Tenn., Sept. 20, 2023 (GLOBE NEWSWIRE) -- Clover Health Investments, Corp. (NASDAQ: CLOV) (“Clover,” “Clover Health” or the “Company”), a physician enablement company committed to bringing a...

10 months ago - GlobeNewsWire

Clover Health stock price could jump by 54% if this happens

Clover Health (NASDAQ: CLOV) stock price has pulled back in the past few days as the recent uptrend eased. The shares were trading at $1.30 on Thursday, lower than this month's high of $1.63.

11 months ago - Invezz