The figure includes $30 million to $50 million from the direct contracting business line. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. By creating an account, you agree to theTerms of Service and acknowledge our Privacy Policy. If you have any questions feel free to call us at 1-877-440-ZING or email us at [email protected]. Get Clover Health Investments Corp (CLOV:NASDAQ) real-time stock quotes, news, price and financial information from CNBC. Full fiscal year 2020 revenue of $673 million was up 46% year-over-year. The Clover... SPAC transactions come to a halt amid SEC crackdown, cooling retail interest, PINS, CLOV, ENPH and PBI among midday movers, NCTY, CLOV, LFMD and HOG among midday movers, GME, CLNE, WPRT and CLOV among notable premarket gainers, WKHS, EDIT, CLOV and TRVN among midday movers. Clover posted a net loss of $363 million on $457 million in premium revenue in 2019. In 2020, Clover Health's premium revenue … Clover Health guided for fiscal 2021 revenue of $880 million in its SPAC investor presentation. What’s Next: Clover Health will launch its direct contracting segment in April, providing a simpler way to increase the number of lives on the Clover platform. ... Jablonski added that revenue … A daily collection of all things fintech, interesting developments and market updates. Get pre-market outlook, mid-day update and after-market roundup emails in your inbox. All Rights Reserved. Sign up for free newsletters and get more CNBC delivered to your inbox. Get the latest Clover Health Investments Corp (CLOV) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions. The figure includes $30 million to $50 million from the direct contracting business line. Clover Health Investments ended the last fiscal year with over 58,000 members. Chamath Palihapitiya’s 12 SPAC, PIPE Deals: Tracking 2021 And Lifetime Performance. Clover Health did have one news item today: The company announced that it would report its first-quarter results on the morning of May 17. Its plans include hospital coverage, doctor visits, and drug coverage, vision, dental, and hearing coverage. About Clover Health Clover Health is a healthcare technology company with a deeply rooted mission of helping its members live their healthiest lives. Where Could Clover Health Go In The Coming Weeks? Create one. Companies like Clover have been buzzing about the direct-contracting program for months because it has the potential to give them thousands of new members and a new source of revenue. Don't have a Benzinga account? The company said the segment will drive value for consumers and physicians. Get this delivered to your inbox, and more info about our products and services. CLOV Price Action: Clover Health shares are up 6.7% to $11.07 in after-hours trading after closing up 10% in the regular trading session Monday. Related Link: Chamath Palihapitiya’s 12 SPAC, PIPE Deals: Tracking 2021 And Lifetime Performance. Grew total revenue 46% year-over-year to $673 million in 2020 Surpassed 32,400 Lives under Clover Assistant management at year end, a 43% increase year-over-year NASHVILLE, Tenn., March 01, 2021 (GLOBE NEWSWIRE) -- Clover Health (Nasdaq: CLOV) (“Clover”), an innovative technology company improving The revenue figure beat a projected fiscal 2020 estimate of $671 million from the company’s investor presentation. We want to hear from you. In 2020, Clover Health's premium revenue … A high-level overview of Clover Health Investments, Corp. (CLOV) stock. Both new figures from the company are below original estimates. © 2021 CNBC LLC. The company went public with a SPAC deal that was completed in January. The Company’s offers a software platform Clover Assistant, which provide America’s seniors with Preferred Provider Organization (PPO) and a Health Maintenance Organization (HMO) plans. Everything you need to know about the market - quick & easy. Clover Health sees fiscal 2021 revenue coming in a range of $820 million to $850 million. Got a confidential news tip? The company is forecasting 68,000 to 70,000 Medicare Advantage members in fiscal 2021. The Company provides Medicare plans to seniors. The presentation also guided for 73,477 members in fiscal 2021. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. The stock has traded between $9.16 and $17.45 over the last 52 weeks. The company reported that 32,400 of its members were covered under the Clover Assistant Management program. Clover Health Investments Corp, formerly Social Capital Hedosophia Holdings Corp III, is a healthcare technology company. All rights reserved. Find real-time CLOV - Clover Health Investments Corp stock quotes, company profile, news and forecasts from CNN Business. A Division of NBCUniversal. Benzinga does not provide investment advice. Clover Health did have one news item today: The company announced that it would report its first-quarter results on the morning of May 17. MicroVision Stock Plummets 21% On Q1 Earnings Miss: What You Need To Know, Understanding Clover Health Investments's Unusual Options Activity, Clover Health's Stock Busts Through Resistance, 10 Health Care Stocks Showing Unusual Options Activity In Today's Session, 12 Health Care Stocks Moving In Wednesday's Intraday Session, Privacy Policy / Do Not Sell My Personal Data. © 2021 Benzinga.com. Posted-In: Chamath Palihapitiya medicareEarnings M&A News Guidance IPOs After-Hours Center Best of Benzinga, Thank you for subscribing! At Clover Health, we’re also partners in care, using patient-centered analytics and a dedicated care management team to identify potential risks a member may face and directly provide preventive care. A health care company that went public with a SPAC from Chamath Palihapitiya reported quarterly earnings for the first time as a public company Monday. Clover Health sees fiscal 2021 revenue coming in a range of $820 million to $850 million. Everything you need to know about the latest SPAC news. What Happened: Clover Health Investments (NASDAQ: CLOV) reported fourth-quarter revenue of $166.2 million, a year-over-year increase of 44%. Data is a real-time snapshot *Data is delayed at least 15 minutes. Or email us at 1-877-440-ZING or email us at vipaccounts @ benzinga.com for 73,477 in... Revenue figure beat a projected fiscal 2020 estimate of $ 880 million in its SPAC presentation! For subscribing covered under the Clover Assistant Management program the coming weeks, news stock. 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