Clarivate Plc (NYSE:CLVT) has a beta value of 1.54 and has seen 4.91 million shares traded in the last trading session. The company, currently valued at $2.27B, closed the last trade at $3.29 per share which meant it gained $0.08 on the day or 2.49% during that session. The CLVT stock price is -121.88% off its 52-week high price of $7.30 and 7.6% above the 52-week low of $3.04. If we look at the company’s 10-day average daily trading volume, we find that it stood at 6.5 million shares traded. The 3-month trading volume is 6.51 million shares.
The consensus among analysts is that Clarivate Plc (CLVT) is Buy stock at the moment, with a recommendation rating of 2.27. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 3 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.12.
Clarivate Plc (NYSE:CLVT) trade information
Sporting 2.49% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the CLVT stock price touched $3.29 or saw a rise of 8.1%. Year-to-date, Clarivate Plc shares have moved -35.24%, while the 5-day performance has seen it change -6.80%. Over the past 30 days, the shares of Clarivate Plc (NYSE:CLVT) have changed -19.56%. Short interest in the company has seen 42.49 million shares shorted with days to cover at 7.34.
Wall Street analysts have a consensus price target for the stock at $12, which means that the shares’ value could jump 72.58% from current levels. The projected low price target is $11.0 while the price target rests at a high of $20.0. In that case, then, we find that the current price level is -507.9% off the targeted high while a plunge would see the stock gain -234.35% from current levels.
Clarivate Plc (CLVT) estimates and forecasts
The company’s shares have lost -50.90% over the past 6 months. Revenue growth from the last financial year stood is estimated to be -8.25%.
7 analysts offering their estimates for the company have set an average revenue estimate of 571.12M for the current quarter. 7 have an estimated revenue figure of 591.83M for the next ending quarter. Year-ago sales stood 621.2M and 650.3M respectively for this quarter and the next, and analysts expect sales will shrink by -8.06% for the current quarter and -8.25% for the next.
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 -0.40% over the past 5 years. Earnings growth for 2025 is a modest -11.47% while over the next 5 years, the company’s earnings are expected to increase by 1.98%.
CLVT Dividends
Clarivate Plc is expected to release its next earnings report on 2025-Feb-18 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 16.30% of the company shares, while shares held by institutions stand at 94.28% with a share float percentage of 112.64%. Investors are also buoyed by the number of investors in a company, with Clarivate Plc having a total of 287.0 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 $663.83 million. As of 2024-06-30, LEONARD GREEN & PARTNERS, L.P. held 17.0167% of shares outstanding.
The other major institutional holder is EXOR N.V., with the holding of over 67.29 million shares as of 2024-06-30. The firm’s total holdings are worth over $382.91 million and represent 9.8155% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are ALPS SERIES TRUST-Clarkston Partners Fund and T. Rowe Price Mid-Cap Value Fund, Inc. . As of Dec 31, 2024 , the former fund manager holds about 2.56% shares in the company for having 17.61 shares of worth $57.93 million while later fund manager owns 15.91 shares of worth $52.34 million as of Dec 31, 2024 , which makes it owner of about 2.31% of company’s outstanding stock.
