Clover Health Investments (NASDAQ:CLOV) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Tuesday, Zacks.com reports.

According to Zacks, “Clover Health Investments Corp. is a healthcare technology company. It uses its proprietary technology platform to collect, structure and analyze health and behavioral data to improve medical outcomes and lower costs for patients. Clover Health Investments Corp., formerly known as Social Capital Hedosophia Holdings Corp. III, is based in Calif. “

Several other equities research analysts also recently weighed in on the company. Credit Suisse Group assumed coverage on Clover Health Investments in a report on Monday, March 15th. They issued a “neutral” rating and a $10.00 price objective for the company. Citigroup lowered their price objective on shares of Clover Health Investments from $19.00 to $13.00 in a research report on Wednesday, March 3rd. Finally, JPMorgan Chase & Co. assumed coverage on shares of Clover Health Investments in a report on Monday, February 1st. They issued a “neutral” rating and a $15.00 target price for the company.

NASDAQ:CLOV opened at $7.35 on Tuesday. Clover Health Investments has a 52-week low of $6.31 and a 52-week high of $17.45. The stock’s 50 day moving average price is $8.72 and its 200 day moving average price is $11.26.

Large investors have recently bought and sold shares of the stock. Schonfeld Strategic Advisors LLC increased its stake in Clover Health Investments by 68.8% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 1,687,543 shares of the company’s stock valued at $21,027,000 after buying an additional 687,543 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Clover Health Investments in the third quarter valued at about $6,220,000. Virtu Financial LLC acquired a new position in shares of Clover Health Investments during the third quarter worth about $341,000. Squarepoint Ops LLC purchased a new position in Clover Health Investments during the third quarter worth about $192,000. Finally, Advisory Services Network LLC acquired a new stake in Clover Health Investments in the fourth quarter valued at about $232,000. Hedge funds and other institutional investors own 49.05% of the company’s stock.

Clover Health Investments Company Profile

Clover Health Investments, Corp. operates as a Medicare Advantage insurer in the United States. The company through its software platform provides preferred provider organization and health maintenance organization health plans for Medicare-eligible consumers. Clover Health Investments, Corp. was founded in 2012 and is headquartered in Franklin, Tennessee.

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