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What Are The Chances Of Clarivate Plc. (CLVT) Being A Good Investment?

Clarivate Plc (NYSE:CLVT) has a beta value of 1.01 and has seen 7.99 million shares traded in the last trading session. The company, currently valued at $7.00B, closed the last trade at $10.82 per share which meant it lost -$0.1 on the day or -0.92% during that session. The CLVT stock price is -65.53% off its 52-week high price of $17.91 and 27.45% above the 52-week low of $7.85. If we look at the company’s 10-day average daily trading volume, we find that it stood at 9.98 million shares traded. The 3-month trading volume is 7.23 million shares.

The consensus among analysts is that Clarivate Plc (CLVT) is a Buy stock at the moment, with a recommendation rating of 1.90. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 9 have rated it as a Hold, with 7 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $0.18.

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Clarivate Plc (NYSE:CLVT) trade information

Sporting -0.92% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, 01/24/23 when the CLVT stock price touched $10.82 or saw a rise of 2.08%. Year-to-date, Clarivate Plc shares have moved 29.74%, while the 5-day performance has seen it change 1.98%. Over the past 30 days, the shares of Clarivate Plc (NYSE:CLVT) have changed 33.75%. Short interest in the company has seen 31.22 million shares shorted with days to cover at 3.22.

Wall Street analysts have a consensus price target for the stock at $11.95, which means that the shares’ value could jump 9.46% from current levels. The projected low price target is $10.00 while the price target rests at a high of $14.00. In that case, then, we find that the current price level is -29.39% off the targeted high while a plunge would see the stock lose 7.58% from current levels.

Clarivate Plc (CLVT) estimates and forecasts

Figures show that Clarivate Plc shares have outperformed across the wider relevant industry. The company’s shares have lost -24.44% over the past 6 months, with this year growth rate of 12.50%, compared to 7.20% for the industry. Revenue growth from the last financial year stood is estimated to be 44.40%.

5 analysts offering their estimates for the company have set an average revenue estimate of $644.63 million for the current quarter. 5 have an estimated revenue figure of $715.57 million for the next quarter concluding in Dec 2022.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 24.33% over the past 5 years. Earnings growth for 2023 is a modest 32.10% while over the next 5 years, the company’s earnings are expected to increase by 9.40%.

CLVT Dividends

Clarivate Plc is expected to release its next earnings report between March 08 and March 13 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Clarivate Plc (NYSE:CLVT)’s Major holders

Insiders own 7.20% of the company shares, while shares held by institutions stand at 99.66% with a share float percentage of 107.39%. Investors are also buoyed by the number of investors in a company, with Clarivate Plc having a total of 433 institutions that hold shares in the company. The top two institutional holders are Leonard Green & Partners, L.P. with over 116.67 million shares worth more than $1.62 billion. As of Jun 29, 2022, Leonard Green & Partners, L.P. held 17.35% of shares outstanding.

The other major institutional holder is Generation Investment Management LLP, with the holding of over 46.3 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $641.7 million and represent 6.88% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Price (T.Rowe) Mid Cap Growth Fund and MFS Series Trust II-MFS Growth Fund. As of Jun 29, 2022, the former fund manager holds about 1.71% shares in the company for having 11.48 million shares of worth $159.11 million while later fund manager owns 9.34 million shares of worth $108.95 million as of Aug 30, 2022, which makes it owner of about 1.39% of company’s outstanding stock.

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