Clover Health Overview

  • Year Founded
  • 2012

Year Founded

  • Status
  • Public

  • Employees
  • 552

Employees

  • Stock Symbol
  • CLOV

Stock Symbol

  • Investments
  • 7

  • Share Price
  • $0.89
  • (As of Friday Closing)

Clover Health General Information

Description

Clover Health Investments Corp is a healthcare technology company. It focuses on empowering Medicare physicians to proactively manage chronic diseases through its proprietary software platform, Clover Assistant. This cloud-based solution provides personalized insights to physicians, enabling early detection and management of chronic conditions. Operating in two segments, Insurance and Non-Insurance, Clover Health offers PPO and HMO plans to Medicare Advantage members in multiple states through its Insurance segment. In the Non-Insurance segment, the company participates in the ACO REACH Model. The majority of revenue is generated from the insurance segment, reflecting the significance of its healthcare insurance offerings.

Contact Information

Ownership Status
Publicly Held
Financing Status
Formerly VC-backed
Primary Industry
Managed Care
Other Industries
Life and Health Insurance
Insurance Brokers
Stock Exchange
NAS
Corporate Office
  • P.O. Box 471
  • Jersey City, NJ 07303
  • United States

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Clover Health Stock Performance

(As of Friday Closing)

Stock Price Previous Close 52 wk Range Market Cap Shares Average Volume EPS
$0.89 $0.93 $0.61 - $1.63 $442M 496M 9.7M -$0.33

Clover Health Financials Summary

In Thousands,
USD
TTM 31-Mar-2024 FY 2023 31-Dec-2023 FY 2022 31-Dec-2022 FY 2021 31-Dec-2021
EV 99,609 (98,084) (253,147) 1,335,804
Revenue 1,852,867 2,033,720 3,476,687 1,471,996
EBITDA (161,377) (210,845) (337,017) (569,600)
Net Income (159,925) (213,361) (339,567) (587,756)
Total Assets 671,770 570,671 808,620 950,804
Total Debt 4,340 4,663 5,860 27,827
Public Fundamental Data provided by Morningstar, Inc. disclaimer

Clover Health Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA
Post-Val Status Debt

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Clover Health Cap Table

Stock # of Shares
Authorized
Par Value Dividend Rate (%) Original
Issue Price
Liquidation Liquidation
Pref. Multiple
Conversion
Price
% Owned

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Clover Health Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Clover Health Investments Corp is a healthcare technology company. It focuses on empowering Medicare physicians to proac
Managed Care
Jersey City, NJ
552 As of 2023
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Long Beach, CA
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00.000
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000000000000000000 0
Miami, FL
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Clover Health Competitors (13)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Molina Healthcare Corporation Long Beach, CA 00000 00.000 000000000 00 00.000
Cano Health Formerly PE-Backed Miami, FL 0000 00000 0000000000. 00000
Elevance Health Corporation Indianapolis, IN 000000 000.00 000000000 000.00
Humana Corporation Louisville, KY 00000 000.00 000000000 00 000.00
NeueHealth Formerly VC-backed Minneapolis, MN 0000 00.000 000000000 00 00.000
You’re viewing 5 of 13 competitors. Get the full list »

Clover Health Patents

Clover Health Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-20220375557-A1 Data processing and human interface system for admission and discharge management Pending 20-May-2021 000000000 0
US-20210398668-A1 Systems and methods for providing telehealth sessions Pending 19-Jun-2020 000000000 0

Clover Health Executive Team (43)

Name Title Board Seat Contact Info
Andrew Toy Chief Executive Officer and Board Member
Jamie Reynoso Divisional CEO of Medicare Advantage and Chief Operating Officer
Peter Kuipers Chief Financial Officer, Finance & Chief Accounting Officer, Accounting
Peter Kuipers Chief Financial Officer
Conrad Wai Chief Technology Officer, Technology
You’re viewing 5 of 43 executive team members. Get the full list »

Clover Health Board Members (11)

Name Representing Role Since
Benny Peretz Greenoaks Capital Partners Board Member 000 0000
Chelsea Clinton Clover Health Board Member 000 0000
Demetrios Kouzakas Self Board Member 000 0000
Lee Shapiro JD Self Board Member 000 0000
Michael Dixon Sequoia Capital Board Member 000 0000
You’re viewing 5 of 11 board members. Get the full list »

Clover Health Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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Clover Health Investors

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info

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Clover Health Investments & Acquisitions (7)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Character 02-Feb-2022 00000 0000 000.00 Drug Discovery 00000 000
Social Capital Hedosophia Holdings Corp III 07-Jan-2021 0000000000 Special Purpose Acquisition Company (SPAC) 00000 000
Doorbell Health 01-Dec-2020 00000 0000 00.00 Other Insurance 00000 000
Headway ( Other Healthcare Services) 18-Nov-2020 00000 0000 0000 Other Healthcare Services
Medical Service Professionals of NJ 28-Feb-2019 Merger/Acquisition Elder and Disabled Care
You’re viewing 5 of 7 investments and acquisitions. Get the full list »

Clover Health ESG

Risk Overview

Risk Rating

Updated April, 28, 2023

32.74 | High Risk

Risk Scale

A lower score indicates better sustainability

Negl

0-10

Low

10-20

Med

20-30

High

30-40

Severe

40+

Exposure

Exposure refers to the extent to which a company is exposed to different material ESG issues

00.00

Management

Management is related to actions taken to manage ESG issues

00.00

Peers Analysis

Peer performance insights compare the company’s ESG performance to the performance of selected peers to help inform future ESG decisions and drive internal performance improvements.

Global

Covered Companies

00 of 16,421

Rank

00.00

Percentile

Insurance

Industry

00 of 305

Rank

00.00

Percentile

Life and Health Insurance

Subindustry

00 of 95

Rank

00.00

Percentile

To view Clover Health’s complete esg history, request access »

Clover Health FAQs

  • When was Clover Health founded?

    Clover Health was founded in 2012.

  • Who is the founder of Clover Health?

    Andrew Toy and Kris Gale are the founders of Clover Health.

  • Who is the CEO of Clover Health?

    Andrew Toy, Jamie Reynoso, and Brady Priest JD are the CEOs of Clover Health.

  • Where is Clover Health headquartered?

    Clover Health is headquartered in Jersey City, NJ.

  • What is the size of Clover Health?

    Clover Health has 552 total employees.

  • What industry is Clover Health in?

    Clover Health’s primary industry is Managed Care.

  • Is Clover Health a private or public company?

    Clover Health is a Public company.

  • What is Clover Health’s stock symbol?

    The ticker symbol for Clover Health is CLOV.

  • What is the current stock price of Clover Health?

    As of 17-May-2024 the stock price of Clover Health is $0.89.

  • What is the current market cap of Clover Health?

    The current market capitalization of Clover Health is $442M.

  • What is Clover Health’s current revenue?

    The trailing twelve month revenue for Clover Health is $1.85B.

  • Who are Clover Health’s competitors?

    Molina Healthcare, Cano Health, Elevance Health, Humana, and NeueHealth are some of the 13 competitors of Clover Health.

  • What is Clover Health’s annual earnings per share (EPS)?

    Clover Health’s EPS for 12 months was -$0.33.

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