Clarivate Plc (NYSE: CLVT) is -10.00% lower on its value in year-to-date trading and has touched a low of $20.00 and a high of $33.55 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CLVT stock was last observed hovering at around $26.37 in the last trading session, with the day’s gains setting it 0.37% off its average median price target of $32.00 for the next 12 months. It is also 25.72% off the consensus price target high of $36.00 offered by 8 analysts, but current levels are 4.5% higher than the price target low of $28.00 for the same period.
Currently trading at $26.74, the stock is 2.58% and 4.58% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.41 million and changing 1.40% at the moment leaves the stock -4.54% off its SMA200. CLVT registered 14.13% gain for a year compared to 6-month loss of -9.36%. The firm has a 50-day simple moving average (SMA 50) of $25.55 and a 200-day simple moving average (SMA200) of $27.95.
The stock witnessed a 8.04% gain in the last 1 month and extending the period to 3 months gives it a -3.99%, and is 4.66% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.93% over the week and 2.87% over the month.
Clarivate Plc (CLVT) has around 8445 employees, a market worth around $15.84B and $1.25B in sales. Fwd P/E is 28.69. Profit margin for the company is -8.50%. Distance from 52-week low is 33.70% and -20.30% from its 52-week high. The company has generated returns on investments over the last 12 months (0.00%).
Clarivate Plc (CLVT) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Clarivate Plc (CLVT) is a “Buy”. 8 analysts offering their recommendations for the stock have an average rating of 1.50, where 0 rate it as a Hold and 0 think it is a “Overweight”. 8 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Clarivate Plc is expected to release its quarterly report on 08/11/2021 and quarterly earnings per share for the current quarter are estimated at $0.12 with sales reaching $417.08M over the same period.The EPS is expected to grow by 67.80% this year, but quarterly earnings will post 43.70% year-over-year. Quarterly sales are estimated to grow 70.00% in year-over-year returns.
Clarivate Plc (CLVT) Top Institutional Holders
263 institutions hold shares in Clarivate Plc (CLVT), with 132.39M shares held by insiders accounting for 21.78% while institutional investors hold 98.19% of the company’s shares. The shares outstanding are 607.34M, and float is at 400.86M with Short Float at 1.65%. Institutions hold 76.81% of the Float.
The top institutional shareholder in the company is Leonard Green & Partners, L.P. with over 115.86 million shares valued at $3.44 billion. The investor’s holdings represent 19.05% of the CLVT Shares outstanding. As of Dec 30, 2020, the second largest holder is Price (T.Rowe) Associates Inc with 67.34 million shares valued at $2.0 billion to account for 11.07% of the shares outstanding. The other top investors are Select Equity Group, Inc. which holds 37.34 million shares representing 6.14% and valued at over $1.11 billion, while FMR, LLC holds 5.19% of the shares totaling 31.58 million with a market value of $938.29 million.
Clarivate Plc (CLVT) Insider Activity
A total of 51 insider transactions have happened at Clarivate Plc (CLVT) in the last six months, with sales accounting for 21 and purchases happening 30 times. The most recent transaction is an insider sale by Ahmed Mukhtar, the company’s President, Science Group. SEC filings show that Ahmed Mukhtar sold 43,913 shares of the company’s common stock on Mar 15 at a price of $26.29 per share for a total of $1.15 million. Following the sale, the insider now owns 50710.0 shares.
Clarivate Plc disclosed in a document filed with the SEC on Mar 12 that Ahmed Mukhtar (President, Science Group) sold a total of 41,573 shares of the company’s common stock. The trade occurred on Mar 12 and was made at $23.28 per share for $0.97 million. Following the transaction, the insider now directly holds 50710.0 shares of the CLVT stock.
Still, SEC filings show that on Mar 11, Roy Jeff (President, IP Group) disposed off 86,050 shares at an average price of $22.70 for $1.95 million. The insider now directly holds 50,710 shares of Clarivate Plc (CLVT).