Shares of Claritev (NYSE:CTEV – Get Free Report) have been given an average rating of “Moderate Buy” by the six analysts that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $27.25.
A number of analysts have recently issued reports on the stock. Citigroup reaffirmed a “buy” rating on shares of Claritev in a report on Wednesday, May 13th. Wall Street Zen downgraded shares of Claritev from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Wells Fargo & Company lowered their price target on shares of Claritev from $30.00 to $22.00 and set an “equal weight” rating for the company in a research note on Thursday, March 19th. Barclays initiated coverage on shares of Claritev in a research note on Friday, April 24th. They issued an “overweight” rating and a $28.00 price target for the company. Finally, UBS Group reissued a “buy” rating on shares of Claritev in a research note on Tuesday, February 24th.
Read Our Latest Stock Analysis on Claritev
Insider Buying and Selling at Claritev
Hedge Funds Weigh In On Claritev
Several hedge funds and other institutional investors have recently modified their holdings of CTEV. H&F Corporate Investors VIII Ltd. purchased a new stake in shares of Claritev during the third quarter worth about $285,988,000. AustralianSuper Pty Ltd bought a new position in Claritev during the 3rd quarter valued at approximately $169,605,000. Arini Captial Management Ltd bought a new position in Claritev during the 4th quarter valued at approximately $64,291,000. Public Investment Fund purchased a new stake in Claritev in the 3rd quarter worth approximately $68,009,000. Finally, Beach Point Capital Management LP grew its position in shares of Claritev by 77.4% in the 4th quarter. Beach Point Capital Management LP now owns 755,002 shares of the company’s stock worth $32,276,000 after buying an additional 329,424 shares during the last quarter. 87.15% of the stock is owned by institutional investors.
Claritev Stock Performance
NYSE CTEV opened at $16.65 on Tuesday. Claritev has a 52-week low of $11.50 and a 52-week high of $74.07. The company has a market capitalization of $283.88 million, a P/E ratio of -0.96 and a beta of 0.76. The company has a fifty day moving average of $19.46 and a 200-day moving average of $30.59.
About Claritev
Claritev is a healthcare technology, data and insights company focused on improving affordability, transparency and quality. Led by deeply experienced associates, data scientists, and innovators, Claritev provides tech-enabled solutions and services fueled by multiple data sources from over 40 years of claims repricing. Claritev utilizes world-class technology and AI solutions to power a robust enterprise platform that delivers meaningful insights to drive affordability in healthcare, brings price transparency and optimizes networks and benefits design.
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