Clarivate (NYSE:CLVT) Shares Gap Down – Here’s Why

Clarivate PLC (NYSE:CLVT)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $2.21, but opened at $2.12. Clarivate shares last traded at $2.1350, with a volume of 128,089 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CLVT shares. Barclays increased their target price on Clarivate from $2.40 to $2.50 and gave the stock an “underweight” rating in a report on Tuesday. Wall Street Zen raised Clarivate from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Clarivate in a research note on Wednesday, June 24th. Five analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $3.23.

Clarivate Stock Up 1.6%

The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.89. The firm has a 50-day simple moving average of $2.39 and a two-hundred day simple moving average of $2.54. The stock has a market cap of $1.43 billion, a P/E ratio of -10.64 and a beta of 1.38.

Clarivate (NYSE:CLVT) last announced its earnings results on Wednesday, April 29th. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.04. The firm had revenue of $585.50 million for the quarter, compared to analyst estimates of $569.50 million. Clarivate had a negative net margin of 5.61% and a positive return on equity of 8.82%. The business’s revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.14 EPS. Clarivate has set its FY 2026 guidance at 0.700-0.800 EPS. Equities research analysts expect that Clarivate PLC will post 0.65 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Personal CFO Solutions LLC bought a new position in Clarivate in the 1st quarter valued at approximately $30,000. FreeGulliver LLC acquired a new position in shares of Clarivate during the first quarter worth $30,000. Principal Financial Group Inc. acquired a new stake in shares of Clarivate in the first quarter valued at about $32,000. M&T Bank Corp bought a new stake in Clarivate in the fourth quarter valued at approximately $34,000. Finally, Parallel Advisors LLC increased its position in Clarivate by 94.2% during the 1st quarter. Parallel Advisors LLC now owns 13,786 shares of the company’s stock valued at $35,000 after purchasing an additional 6,687 shares during the period. Institutional investors own 85.72% of the company’s stock.

Clarivate Company Profile

Clarivate plc is a global information and analytics company that provides insights and workflow solutions to accelerate the pace of innovation. The company delivers proprietary data, analytics, and expertise to support research and development in the life sciences, intellectual property management, academic institutions, government agencies, and corporations. Its core offerings include citation and patent databases, drug pipeline analytics, trademark research tools, regulatory compliance solutions, and market intelligence platforms.

Originally part of Thomson Reuters’ Intellectual Property & Science division, Clarivate was established as an independent entity in 2016 following a spin-off transaction.