Sharecare (NASDAQ:SHCR) Given Hold Rating at Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their hold rating on shares of Sharecare (NASDAQ:SHCR) in a research report report published on Friday, Benzinga reports. They currently have a $1.43 target price on the stock, down from their prior target price of $2.00.

Other equities analysts have also issued research reports about the stock. Morgan Stanley decreased their price target on shares of Sharecare from $1.50 to $1.00 and set an equal weight rating on the stock in a report on Monday, April 15th. BTIG Research lowered shares of Sharecare from a buy rating to a neutral rating in a report on Monday, April 1st.

Sharecare Stock Performance

SHCR stock opened at $1.37 on Friday. The stock has a market capitalization of $496.50 million, a P/E ratio of -3.70 and a beta of 0.33. Sharecare has a one year low of $0.48 and a one year high of $1.80. The company has a 50 day moving average price of $0.78 and a two-hundred day moving average price of $0.90.

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

Hedge Funds Weigh In On Sharecare

Several hedge funds and other institutional investors have recently made changes to their positions in SHCR. Cadent Capital Advisors LLC acquired a new position in shares of Sharecare during the 4th quarter valued at $25,000. Truist Financial Corp acquired a new position in shares of Sharecare during the 4th quarter valued at $29,000. Bfsg LLC acquired a new position in shares of Sharecare during the 4th quarter valued at $41,000. Tower Research Capital LLC TRC lifted its holdings in shares of Sharecare by 130.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 40,806 shares of the company’s stock valued at $44,000 after acquiring an additional 23,129 shares in the last quarter. Finally, Pathstone Family Office LLC acquired a new position in shares of Sharecare during the 3rd quarter valued at $64,000. Institutional investors and hedge funds own 35.08% of the company’s stock.

Sharecare Company Profile

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.