Clarivate (NYSE:CLVT) Now Covered by Analysts at Jefferies Financial Group

Stock analysts at Jefferies Financial Group began coverage on shares of Clarivate (NYSE:CLVT) in a report issued on Friday, Marketbeat.com reports. The brokerage set a “hold” rating and a $4.50 price target on the stock. Jefferies Financial Group’s target price suggests a potential upside of 4.24% from the stock’s current price.

Separately, Wall Street Zen cut Clarivate from a “buy” rating to a “hold” rating in a research report on Saturday, June 21st. One analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $4.83.

Clarivate Stock Performance

Shares of CLVT stock opened at $4.32 on Friday. Clarivate has a 52-week low of $3.04 and a 52-week high of $7.15. The stock has a market cap of $2.95 billion, a PE ratio of -4.45 and a beta of 1.47. The business has a 50-day simple moving average of $4.30 and a 200-day simple moving average of $4.38. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.90.

Clarivate (NYSE:CLVT) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The business had revenue of $593.70 million for the quarter, compared to analyst estimates of $574.03 million. Clarivate had a negative net margin of 26.32% and a positive return on equity of 8.75%. The business’s revenue was down 4.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.14 earnings per share. On average, equities analysts expect that Clarivate will post 0.63 EPS for the current year.

Insider Buying and Selling

In other news, insider James Gordon Samson sold 100,000 shares of the business’s stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $4.53, for a total value of $453,000.00. Following the completion of the sale, the insider owned 1,271,103 shares of the company’s stock, valued at approximately $5,758,096.59. The trade was a 7.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 23.18% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Swiss National Bank increased its holdings in Clarivate by 8.7% in the fourth quarter. Swiss National Bank now owns 640,900 shares of the company’s stock worth $3,256,000 after purchasing an additional 51,100 shares in the last quarter. Xponance Inc. increased its stake in Clarivate by 17.3% in the 4th quarter. Xponance Inc. now owns 18,222 shares of the company’s stock worth $93,000 after acquiring an additional 2,689 shares during the last quarter. Quantbot Technologies LP bought a new position in Clarivate during the fourth quarter valued at approximately $921,000. Truffle Hound Capital LLC bought a new stake in Clarivate in the fourth quarter valued at approximately $914,000. Finally, American Century Companies Inc. increased its position in Clarivate by 175.5% during the 4th quarter. American Century Companies Inc. now owns 5,061,276 shares of the company’s stock valued at $25,711,000 after purchasing an additional 3,224,278 shares during the period. Institutional investors own 85.72% of the company’s stock.

About Clarivate

Clarivate Plc operates as an information services provider in the Americas, the Middle East, Africa, Europe, and the Asia Pacific. It operates through three segments: Academia & Government, Life Sciences & Healthcare, and Intellectual Property. The company offers Web of Science and InCites, that analyzes and explores the academic research landscape and manages research information; ProQuest One and Ebook Central that provides comprehensive content collections to institutions in a cost-effective manner; and Alma and Polaris, that manages academic resources and services, connect users, and support research publications.