Sharecare (NASDAQ:SHCR) Price Target Raised to $1.43 at Morgan Stanley

Sharecare (NASDAQ:SHCR) had its target price hoisted by Morgan Stanley from $1.00 to $1.43 in a research report report published on Monday morning, Benzinga reports. They currently have an equal weight rating on the stock.

Several other equities analysts also recently commented on the stock. BTIG Research downgraded shares of Sharecare from a buy rating to a neutral rating in a report on Monday, April 1st. Canaccord Genuity Group reiterated a hold rating and set a $1.43 price target (down from $2.00) on shares of Sharecare in a report on Friday.

Sharecare Price Performance

Sharecare stock opened at $1.37 on Monday. The company’s 50-day moving average price is $0.80 and its 200-day moving average price is $0.91. Sharecare has a twelve month low of $0.48 and a twelve month high of $1.80. The company has a market cap of $496.50 million, a PE ratio of -3.70 and a beta of 0.33.

Sharecare (NASDAQ:SHCR) last posted its earnings results on Thursday, May 9th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). Sharecare had a negative return on equity of 19.78% and a negative net margin of 30.71%. The business had revenue of $90.86 million during the quarter, compared to the consensus estimate of $103.80 million. During the same quarter last year, the firm earned ($0.06) earnings per share. As a group, sell-side analysts expect that Sharecare will post -0.23 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sharecare

Hedge funds have recently added to or reduced their stakes in the company. Cadent Capital Advisors LLC bought a new position in Sharecare during the 4th quarter valued at about $25,000. Truist Financial Corp purchased a new stake in Sharecare in the 4th quarter valued at about $29,000. Bfsg LLC purchased a new stake in Sharecare in the 4th quarter valued at about $41,000. Tower Research Capital LLC TRC boosted its position in Sharecare by 130.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 40,806 shares of the company’s stock valued at $44,000 after buying an additional 23,129 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new stake in Sharecare in the 4th quarter valued at about $76,000. 35.08% of the stock is currently owned by institutional investors.

About Sharecare

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 improve their health and well-being.