Clarivate (CLVT) Stock Price, News & Analysis

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Clarivate in the last year. There are currently 3 sell ratings, 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" CLVT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CLVT, but not buy additional shares or sell existing shares.
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9 analysts have issued 12-month target prices for Clarivate's shares. Their CLVT share price targets range from $6.00 to $10.00. On average, they expect the company's share price to reach $8.00 in the next twelve months. This suggests a possible upside of 15.8% from the stock's current price.
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Clarivate's stock was trading at $9.26 at the start of the year. Since then, CLVT shares have decreased by 25.4% and is now trading at $6.91.
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Clarivate saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 36,900,000 shares, an increase of 8.8% from the March 15th total of 33,920,000 shares. Based on an average trading volume of 3,970,000 shares, the days-to-cover ratio is currently 9.3 days. Approximately 10.0% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
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Clarivate will be holding an earnings conference call on Wednesday, May 8th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Clarivate Plc (NYSE:CLVT) announced its earnings results on Tuesday, February, 27th. The company reported $0.21 EPS for the quarter, hitting the consensus estimate of $0.21. The company had revenue of $683.70 million for the quarter, compared to analyst estimates of $687.80 million. Clarivate had a positive trailing twelve-month return on equity of 9.95% and a negative net margin of 34.66%. The firm's quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.20 EPS.

Clarivate issued an update on its FY24 earnings guidance on Tuesday, February, 27th. The company provided EPS guidance of $0.70 to $0.80 for the period, compared to the consensus earnings per share estimate of $0.85. The company issued revenue guidance of $2.57 billion to $2.67 billion, compared to the consensus revenue estimate of $2.69 billion.

Clarivate's stock is owned by a number of institutional and retail investors. Top institutional investors include Exor N.V. (10.07%), Perpetual Ltd (0.89%), Confluence Investment Management LLC (0.37%) and Alaska Permanent Fund Corp (0.05%). Insiders that own company stock include Andrew Miles Snyder, Blucher Sheryl G Von, Corp Onex, James Gordon Samson, Jeff Roy, Mukhtar Ahmed, Richard Hanks and Richard Roedel.
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Shares of CLVT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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