Clover Health Investments (NASDAQ:CLOV) Releases Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Clover Health Investments (NASDAQ:CLOV) announced its quarterly earnings data on Monday. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.05, Yahoo Finance reports. The business had revenue of $356.26 million for the quarter, compared to the consensus estimate of $338.70 million. Clover Health Investments had a negative net margin of 8.63% and a negative return on equity of 48.07%. During the same quarter in the prior year, the firm posted ($0.06) earnings per share.

Clover Health Investments Stock Down 6.6 %

Shares of CLOV traded down $0.12 on Wednesday, hitting $1.71. 3,264,185 shares of the stock traded hands, compared to its average volume of 7,421,865. The firm has a market capitalization of $848.91 million, a P/E ratio of -5.38 and a beta of 2.10. The stock’s 50 day moving average is $1.37 and its two-hundred day moving average is $1.03. Clover Health Investments has a 1 year low of $0.61 and a 1 year high of $2.01.

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.