Clover Health Investments (NASDAQ:CLOV) Stock Price Up 5.9%

Clover Health Investments, Corp. (NASDAQ:CLOV) shares rose 5.9% on Tuesday . The company traded as high as $1.88 and last traded at $1.88. Approximately 258,196 shares were traded during trading, a decline of 97% from the average daily volume of 7,410,970 shares. The stock had previously closed at $1.77.

Clover Health Investments Trading Up 7.9 %

The stock’s fifty day moving average is $1.27 and its two-hundred day moving average is $0.99.

Clover Health Investments (NASDAQ:CLOV) last released its quarterly earnings results on Tuesday, May 7th. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. The business had revenue of $346.92 million during the quarter, compared to analyst estimates of $316.10 million. Clover Health Investments had a negative net margin of 8.63% and a negative return on equity of 48.07%. Equities analysts anticipate that Clover Health Investments, Corp. will post -0.21 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CLOV. Jupiter Asset Management Ltd. boosted its stake in Clover Health Investments by 18.1% during the 1st quarter. Jupiter Asset Management Ltd. now owns 4,525,079 shares of the company’s stock valued at $3,593,000 after acquiring an additional 692,878 shares during the last quarter. Bayesian Capital Management LP bought a new position in Clover Health Investments during the 1st quarter valued at $142,000. Turtle Creek Wealth Advisors LLC bought a new position in Clover Health Investments during the 4th quarter valued at $162,000. Jump Financial LLC bought a new position in Clover Health Investments during the 4th quarter valued at $125,000. Finally, Jacobs Levy Equity Management Inc. bought a new position in Clover Health Investments during the 1st quarter valued at $91,000. 19.77% of the stock is currently owned by institutional investors.

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.