Clover Health Investments, Corp. (NASDAQ:CLOV) Shares Sold by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC cut its stake in Clover Health Investments, Corp. (NASDAQ:CLOV) by 15.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 43,100 shares of the company’s stock after selling 7,800 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Clover Health Investments were worth $122,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Viewpoint Capital Management LLC boosted its position in Clover Health Investments by 96.8% during the second quarter. Viewpoint Capital Management LLC now owns 30,500 shares of the company’s stock worth $38,000 after purchasing an additional 15,000 shares in the last quarter. Jaffetilchin Investment Partners LLC increased its stake in Clover Health Investments by 30.2% during the 1st quarter. Jaffetilchin Investment Partners LLC now owns 49,741 shares of the company’s stock worth $39,000 after buying an additional 11,550 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in Clover Health Investments by 54.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 34,372 shares of the company’s stock valued at $42,000 after purchasing an additional 12,104 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of Clover Health Investments during the second quarter worth $55,000. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Clover Health Investments by 151.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 77,948 shares of the company’s stock valued at $62,000 after buying an additional 46,912 shares during the last quarter. Hedge funds and other institutional investors own 19.77% of the company’s stock.

Clover Health Investments Price Performance

CLOV stock opened at $4.00 on Friday. Clover Health Investments, Corp. has a 1 year low of $0.61 and a 1 year high of $4.71. The firm has a market capitalization of $1.99 billion, a PE ratio of -11.76 and a beta of 2.13. The business has a 50 day simple moving average of $3.14 and a 200-day simple moving average of $1.83.

Clover Health Investments (NASDAQ:CLOV) last issued its earnings results on Monday, August 5th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.05. The business had revenue of $356.26 million during the quarter, compared to the consensus estimate of $338.70 million. Clover Health Investments had a negative return on equity of 36.55% and a negative net margin of 7.30%. During the same period last year, the company earned ($0.06) EPS. On average, equities research analysts expect that Clover Health Investments, Corp. will post -0.13 EPS for the current year.

Wall Street Analyst Weigh In

Separately, UBS Group assumed coverage on shares of Clover Health Investments in a research report on Monday, October 7th. They set a “neutral” rating and a $4.00 price target on the stock.

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.