Clover Health Investments (CLOV) to Release Earnings on Tuesday

Clover Health Investments (NASDAQ:CLOV) is scheduled to be announcing its earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of ($0.07) per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Clover Health Investments (NASDAQ:CLOV) last issued its earnings results on Tuesday, March 12th. The company reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.06. The business had revenue of $510.25 million during the quarter, compared to analyst estimates of $491.20 million. Clover Health Investments had a negative return on equity of 62.58% and a negative net margin of 10.49%. On average, analysts expect Clover Health Investments to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Clover Health Investments Trading Up 7.8 %

Shares of NASDAQ:CLOV opened at $0.70 on Monday. Clover Health Investments has a 52-week low of $0.61 and a 52-week high of $1.63. The business’s 50 day simple moving average is $0.75 and its two-hundred day simple moving average is $0.89.

Insider Buying and Selling

In other Clover Health Investments news, Director Anna U. Loengard purchased 137,000 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was acquired at an average price of $0.73 per share, for a total transaction of $100,010.00. Following the purchase, the director now owns 538,841 shares of the company’s stock, valued at approximately $393,353.93. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 21.82% of the stock is owned by company insiders.

About Clover Health Investments

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.