Sharecare (NASDAQ:SHCR - Free Report) had its target price reduced by Morgan Stanley from $1.50 to $1.00 in a research report sent to investors on Monday morning, Benzinga reports. They currently have an equal weight rating on the stock.
Separately, BTIG Research cut Sharecare from a buy rating to a neutral rating in a report on Monday, April 1st.
Check Out Our Latest Report on SHCR
Sharecare Price Performance
Shares of Sharecare stock traded down $0.03 on Monday, reaching $0.71. The company had a trading volume of 2,800,014 shares, compared to its average volume of 1,479,961. The firm has a market cap of $255.55 million, a price-to-earnings ratio of -1.93 and a beta of 0.26. The firm's 50-day moving average price is $0.91 and its two-hundred day moving average price is $0.99. Sharecare has a 1 year low of $0.48 and a 1 year high of $1.80.
Institutional Investors Weigh In On Sharecare
A number of institutional investors and hedge funds have recently modified their holdings of SHCR. BlackRock Inc. lifted its stake in shares of Sharecare by 142.1% during the 3rd quarter. BlackRock Inc. now owns 19,599,420 shares of the company's stock worth $37,239,000 after acquiring an additional 11,504,540 shares during the last quarter. Pennsylvania Capital Management Inc. ADV bought a new stake in shares of Sharecare during the 3rd quarter worth approximately $6,252,000. Private Management Group Inc. bought a new stake in shares of Sharecare during the 4th quarter worth approximately $4,410,000. State Street Corp lifted its stake in shares of Sharecare by 148.4% during the 3rd quarter. State Street Corp now owns 5,326,577 shares of the company's stock worth $10,120,000 after acquiring an additional 3,182,419 shares during the last quarter. Finally, Point72 Asset Management L.P. lifted its stake in shares of Sharecare by 86.6% during the 4th quarter. Point72 Asset Management L.P. now owns 6,174,400 shares of the company's stock worth $9,879,000 after acquiring an additional 2,865,000 shares during the last quarter. 35.08% of the stock is owned by institutional investors.
About Sharecare
(
Get Free Report)
Sharecare, Inc operates as a digital healthcare platform company. Its Sharecare platform connects people, patients, providers, employers, health plans, government organizations, and communities that optimize individual and population-wide well-being. The company offers enterprise solutions based on a software-as-a-service model that allows enterprise clients to message, motivate, and manage their populations, as well as measure their population progress; a suite of data and information-driven solutions; and life sciences solutions, which provides members with personalized information, programs, and resources to enhance their health and well-being.
Read More
Before you consider Sharecare, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sharecare wasn't on the list.
While Sharecare currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.
Get This Free Report
