CLVT stock icon

Clarivate
CLVT

$6.67
0.15%

Market Cap: $4.83B

 

About: Clarivate is a data, information, and software workflow solutions company serving customers primarily in academia, government, law, life sciences, and healthcare. The company was formerly part of Thomson Reuters before being sold to private equity as an independent company in 2016. In 2019, Clarivate went public on the New York Stock Exchange. Around half of the company's revenue is generated in the Americas while Europe, Middle East, and Africa account for around a quarter.

Employees: 12,000

0
Funds holding %
of 6,686 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

16% more first-time investments, than exits

New positions opened: 43 | Existing positions closed: 37

10% more funds holding in top 10

Funds holding in top 10: 10 [Q1] → 11 (+1) [Q2]

3% more funds holding

Funds holding: 199 [Q1] → 205 (+6) [Q2]

7% more repeat investments, than reductions

Existing positions increased: 72 | Existing positions reduced: 67

0.89% more ownership

Funds ownership: 86.02% [Q1] → 86.91% (+0.89%) [Q2]

16% less capital invested

Capital invested by funds: $4.26B [Q1] → $3.58B (-$679M) [Q2]

93% less call options, than puts

Call options by funds: $20K | Put options by funds: $300K

Research analyst outlook

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

Low target
$5
25%
downside
Avg. target
$6
10%
downside
High target
$7
5%
upside

2 analyst ratings

positive
0%
neutral
50%
negative
50%
Barclays
Manav Patnaik
74% 1-year accuracy
20 / 27 met price target
25%downside
$5
Underweight
Maintained
7 Aug 2024
RBC Capital
Ashish Sabadra
85% 1-year accuracy
41 / 48 met price target
5%upside
$7
Sector Perform
Maintained
7 Aug 2024

Financial journalist opinion

Based on 4 articles about CLVT published over the past 30 days

Neutral
PRNewsWire
1 month ago
Clarivate Reports Second Quarter 2024 Results
— Reaffirms 2024 Outlook — LONDON , Aug. 6, 2024 /PRNewswire/ -- Clarivate Plc (NYSE: CLVT) (the "Company" or "Clarivate"), a leading global provider of transformative intelligence, today reported results for the second quarter ended June 30, 2024. Second  Quarter 2024 Financial Highlights Revenues of $650.3 million decreased 2.8% Organic revenues decreased 0.6%, as an increase in subscription revenues of 0.7% was offset by a decrease in re-occurring revenues of 0.7% and transactional and other revenues of 4.1% Net loss of $304.3 million; Net loss per diluted share of $0.46 Adjusted net income(1) of $142.2 million decreased 6.6%; Adjusted diluted EPS(1) of $0.20 decreased 4.8% or $0.01 Adjusted EBITDA(1) of $274.4 million decreased 3.7%; Adjusted EBITDA margin(1) of 42.2% decreased 40 basis points primarily due to lower revenues Net cash provided by operating activities of $126.2 million decreased $36.2 million; Free cash flow(1) of $60.3 million decreased $44.5 million primarily due to the timing of working capital Six Months Ended June 30, 2024 Financial Highlights Revenues of $1,271.5 million decreased 2.0% Organic revenues decreased 1.1% as an increase in subscription revenues of 1.5% was offset by a decline in re-occurring revenues of 2.9% and transactional and other revenues of 7.3% Net loss of $379.3 million; Net loss per diluted share of $0.61 Adjusted net income(1) of $245.7 million decreased 13.2%; Adjusted diluted EPS(1) of $0.34 decreased 12.8% or $0.05 Adjusted EBITDA(1) of $510.7 million decreased 5.0%; Adjusted EBITDA margin(1) of 40.2% decreased 120 basis points primarily due to lower revenues Net cash provided by operating activities decreased $87.5 million to $302.4 million; Free cash flow(1) decreased $100.9 million to $172.1 million primarily due to lower operating income and increased capital expenditures "We continue to invest in innovation and make progress on our strategy of returning to growth.
Clarivate Reports Second Quarter 2024 Results