Sharecare (NASDAQ:SHCR) Shares Gap Up to $0.77

Sharecare, Inc. (NASDAQ:SHCR)’s share price gapped up before the market opened on Friday . The stock had previously closed at $0.77, but opened at $1.36. Sharecare shares last traded at $1.38, with a volume of 26,341,781 shares.

Analysts Set New Price Targets

SHCR has been the subject of a number of research analyst reports. Morgan Stanley decreased their target price on Sharecare from $1.50 to $1.00 and set an “equal weight” rating for the company in a research note on Monday, April 15th. BTIG Research cut Sharecare from a “buy” rating to a “neutral” rating in a research note on Monday, April 1st. Finally, Canaccord Genuity Group reissued a “hold” rating and issued a $1.43 target price (down from $2.00) on shares of Sharecare in a research note on Friday.

Sharecare Price Performance

The stock has a market capitalization of $496.50 million, a price-to-earnings ratio of -3.70 and a beta of 0.33. The business has a 50 day simple moving average of $0.79 and a 200-day simple moving average of $0.91.

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

Institutional Trading of Sharecare

A number of institutional investors have recently modified their holdings of the company. Cadent Capital Advisors LLC bought a new stake in Sharecare during the fourth quarter worth about $25,000. Tower Research Capital LLC TRC raised its stake in Sharecare by 130.8% in the fourth 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. Truist Financial Corp acquired a new position in shares of Sharecare in the fourth quarter valued at approximately $29,000. Bfsg LLC acquired a new position in shares of Sharecare in the fourth quarter valued at approximately $41,000. Finally, Swiss National Bank grew its position in shares of Sharecare by 7.6% in the third quarter. Swiss National Bank now owns 667,733 shares of the company’s stock valued at $628,000 after purchasing an additional 47,200 shares during the last quarter. 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.