Sharecare (NASDAQ:SHCR) Price Target Increased to $1.43 by Analysts at Morgan Stanley

Sharecare (NASDAQ:SHCR) had its price objective increased by Morgan Stanley from $1.00 to $1.43 in a research note published on Monday morning, Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

A number of other analysts have also recently weighed in on the company. Canaccord Genuity Group restated a hold rating and issued a $1.43 price target (down from $2.00) on shares of Sharecare in a research note on Friday, June 21st. BTIG Research cut Sharecare from a buy rating to a neutral rating in a research note on Monday, April 1st.

Sharecare Trading Up 0.7 %

Shares of NASDAQ SHCR opened at $1.38 on Monday. The stock has a market cap of $500.13 million, a P/E ratio of -3.73 and a beta of 0.33. Sharecare has a 12-month low of $0.48 and a 12-month high of $1.80. The business’s fifty day simple moving average is $0.85 and its 200-day simple moving average is $0.92.

Sharecare (NASDAQ:SHCR) last posted its quarterly 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 net margin of 30.71% and a negative return on equity of 19.78%. The business had revenue of $90.86 million during the quarter, compared to analyst estimates of $103.80 million. During the same quarter in the prior year, the business earned ($0.06) earnings per share. On average, equities analysts forecast that Sharecare will post -0.23 EPS for the current fiscal year.

Hedge Funds Weigh In On Sharecare

A number of hedge funds and other institutional investors have recently made changes to their positions in SHCR. Cadent Capital Advisors LLC purchased a new position in shares of Sharecare during the fourth quarter worth about $25,000. Truist Financial Corp purchased a new stake in Sharecare in the 4th quarter valued at approximately $29,000. Bfsg LLC purchased a new stake in Sharecare in the 4th quarter valued at approximately $41,000. Tower Research Capital LLC TRC boosted its holdings 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 purchasing an additional 23,129 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in Sharecare in the 4th quarter valued at approximately $76,000. Hedge funds and other institutional investors own 35.08% of the company’s stock.

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.