Clover Health Investments (CLOV)

• Market cap: $1.68B
• 1 day: 0.30%
• 5 days: 12.00%
• 1 month: -17.24%
• 3 months: -4.00%
• 6 months: 262.38%
• Year to date: 250.07%
• 1 year: 242.33%
• 5 years: -78.87%
• 10 years: -78.87%
• Sector: Financials
• Industry: Hospital & Medical Service Plans

About: Clover Health Investments Corp is a healthcare technology company. It focuses on empowering Medicare physicians to proactively manage chronic diseases through its proprietary software platform, Clover Assistant. This cloud-based solution provides personalized insights to physicians, enabling early detection and management of chronic conditions. Operating in two segments, Insurance and Non-Insurance, Clover Health offers PPO and HMO plans to Medicare Advantage members in multiple states through its Insurance segment. In the Non-Insurance segment, the company participates in the ACO REACH Model. The majority of revenue is generated from the insurance segment, reflecting the significance of its healthcare insurance offerings.

Employees: 552

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

153% more capital invested

Capital invested by funds: $91.5M [Q2] → $231M (+$140M) [Q3]

129% more first-time investments, than exits

New positions opened: 55 | Existing positions closed: 24

98% more call options, than puts

Call options by funds: $12.9M | Put options by funds: $6.51M

25% more funds holding

Funds holding: 124 [Q2] → 155 (+31) [Q3]

1.82% more ownership

Funds ownership: 18.29% [Q2] → 20.11% (+1.82%) [Q3]

3% more repeat investments, than reductions

Existing positions increased: 34 | Existing positions reduced: 33

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $4 19% upside
• Avg. target: $4 19% upside
• High target: $4 19% upside

1 analyst rating

• positive: 0 0%
• neutral: 1 100%
• negative: 0 0%

UBS Jonathan Yong 0 / 0 met price target

19% upside $4

Neutral Initiated

7 Oct 2024