Clarivate PLC (NYSE:CLVT) Receives $4.83 Consensus PT from Analysts

Clarivate PLC (NYSE:CLVT) has been assigned a consensus rating of “Reduce” from the five ratings firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $4.8333.

CLVT has been the topic of several recent analyst reports. Wolfe Research initiated coverage on shares of Clarivate in a report on Wednesday, September 3rd. They issued a “peer perform” rating on the stock. Wall Street Zen downgraded shares of Clarivate from a “buy” rating to a “hold” rating in a report on Saturday, June 21st. Finally, Jefferies Financial Group initiated coverage on shares of Clarivate in a report on Friday, July 18th. They issued a “hold” rating and a $4.50 target price on the stock.

Clarivate Stock Down 0.3%

CLVT stock opened at $3.77 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.90. Clarivate has a 1 year low of $3.04 and a 1 year high of $7.02. The company has a fifty day simple moving average of $4.13 and a 200 day simple moving average of $4.10. The firm has a market cap of $2.53 billion, a PE ratio of -6.08 and a beta of 1.44.

Clarivate (NYSE:CLVT) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18. The business had revenue of $621.40 million during the quarter, compared to analyst estimates of $587.17 million. Clarivate had a negative net margin of 17.33% and a positive return on equity of 8.65%. Clarivate’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.20 EPS. Clarivate has set its FY 2025 guidance at 0.600-0.700 EPS. Sell-side analysts anticipate that Clarivate will post 0.63 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Neuberger Berman Group LLC increased its holdings in shares of Clarivate by 2.4% during the 1st quarter. Neuberger Berman Group LLC now owns 108,980 shares of the company’s stock worth $428,000 after purchasing an additional 2,520 shares during the period. Cetera Investment Advisers increased its holdings in shares of Clarivate by 11.2% during the 2nd quarter. Cetera Investment Advisers now owns 26,034 shares of the company’s stock worth $112,000 after purchasing an additional 2,617 shares during the period. California State Teachers Retirement System increased its stake in Clarivate by 0.9% in the second quarter. California State Teachers Retirement System now owns 303,147 shares of the company’s stock valued at $1,304,000 after acquiring an additional 2,788 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Clarivate by 7.6% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 40,253 shares of the company’s stock valued at $158,000 after acquiring an additional 2,858 shares during the period. Finally, Millstone Evans Group LLC increased its stake in Clarivate by 156.6% in the first quarter. Millstone Evans Group LLC now owns 7,545 shares of the company’s stock valued at $30,000 after acquiring an additional 4,605 shares during the period. Institutional investors own 85.72% of the company’s stock.

About Clarivate

Clarivate Plc operates as an information services provider in the Americas, the Middle East, Africa, Europe, and the Asia Pacific. It operates through three segments: Academia & Government, Life Sciences & Healthcare, and Intellectual Property. The company offers Web of Science and InCites, that analyzes and explores the academic research landscape and manages research information; ProQuest One and Ebook Central that provides comprehensive content collections to institutions in a cost-effective manner; and Alma and Polaris, that manages academic resources and services, connect users, and support research publications.