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

Sharecare (NASDAQ:SHCR) had its price target raised by research analysts at Morgan Stanley from $1.00 to $1.43 in a note issued to investors on Monday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s price target would indicate a potential upside of 4.38% from the company’s current price.

SHCR has been the topic of several other research reports. BTIG Research cut Sharecare from a “buy” rating to a “neutral” rating in a research note on Monday, April 1st. Canaccord Genuity Group reaffirmed a “hold” rating and issued a $1.43 price objective (down previously from $2.00) on shares of Sharecare in a report on Friday.

Sharecare Trading Up 76.9 %

SHCR stock opened at $1.37 on Monday. The company has a market capitalization of $496.50 million, a P/E ratio of -3.70 and a beta of 0.33. The firm has a 50 day simple moving average of $0.79 and a 200-day simple moving average of $0.91. Sharecare has a twelve month low of $0.48 and a twelve month high of $1.80.

Sharecare (NASDAQ:SHCR) last announced its quarterly earnings data on Thursday, May 9th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.04). The company had revenue of $90.86 million for the quarter, compared to analyst estimates 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 prior year, the business earned ($0.06) earnings per share. On average, research analysts predict that Sharecare will post -0.23 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Cadent Capital Advisors LLC acquired a new position in shares of Sharecare during the fourth quarter valued at $25,000. Truist Financial Corp bought a new stake in Sharecare in the 4th quarter valued at about $29,000. Bfsg LLC acquired a new position in Sharecare during the 4th quarter valued at about $41,000. Tower Research Capital LLC TRC grew 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 worth $44,000 after purchasing an additional 23,129 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Sharecare in the fourth quarter valued at approximately $76,000. 35.08% of the stock is currently owned by institutional investors.

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.