Clarivate (NYSE:CLVT) Shares Gap Up on Better-Than-Expected Earnings

Clarivate PLC (NYSE:CLVT) gapped up before the market opened on Tuesday after the company announced better than expected quarterly earnings. The stock had previously closed at $1.68, but opened at $2.14. Clarivate shares last traded at $2.2250, with a volume of 7,190,676 shares.

The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.04. Clarivate had a positive return on equity of 8.55% and a negative net margin of 15.83%.The firm had revenue of $617.00 million during the quarter, compared to analyst estimates of $604.79 million. During the same period last year, the company earned $0.21 EPS. Clarivate’s quarterly revenue was down 6.9% compared to the same quarter last year. Clarivate has set its FY 2026 guidance at 0.700-0.800 EPS.

Analyst Upgrades and Downgrades

CLVT has been the topic of a number of research reports. Wall Street Zen raised shares of Clarivate from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Clarivate in a research report on Monday, December 29th. The Goldman Sachs Group cut Clarivate from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $4.20 to $3.60 in a report on Thursday, January 8th. Finally, Morgan Stanley restated an “underweight” rating and issued a $3.00 price objective (down from $5.00) on shares of Clarivate in a report on Wednesday, December 17th. Three research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $3.70.

Insiders Place Their Bets

In other Clarivate news, insider Bar Veinstein sold 309,902 shares of the business’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $3.74, for a total value of $1,159,033.48. Following the completion of the transaction, the insider directly owned 848,811 shares in the company, valued at approximately $3,174,553.14. The trade was a 26.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 23.18% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Cetera Investment Advisers boosted its stake in Clarivate by 11.2% in the second quarter. Cetera Investment Advisers now owns 26,034 shares of the company’s stock valued at $112,000 after acquiring an additional 2,617 shares in the last quarter. California State Teachers Retirement System boosted its position in shares of Clarivate by 0.9% in the 2nd quarter. California State Teachers Retirement System now owns 303,147 shares of the company’s stock worth $1,304,000 after purchasing an additional 2,788 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Clarivate by 3.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 77,275 shares of the company’s stock worth $296,000 after buying an additional 2,884 shares during the last quarter. IFP Advisors Inc increased its position in Clarivate by 8.1% during the 3rd quarter. IFP Advisors Inc now owns 41,426 shares of the company’s stock valued at $170,000 after buying an additional 3,117 shares in the last quarter. Finally, Hsbc Holdings PLC raised its stake in Clarivate by 4.3% in the second quarter. Hsbc Holdings PLC now owns 116,648 shares of the company’s stock valued at $500,000 after buying an additional 4,792 shares during the last quarter. Institutional investors own 85.72% of the company’s stock.

Clarivate Stock Performance

The company has a market capitalization of $1.45 billion, a PE ratio of -3.83 and a beta of 1.51. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.90. The business has a 50 day simple moving average of $2.82 and a 200 day simple moving average of $3.48.

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.