Sharecare (NASDAQ:SHCR) Price Target Lowered to $1.00 at Morgan Stanley

Sharecare (NASDAQ:SHCR) had its target price reduced by Morgan Stanley from $1.50 to $1.00 in a research note issued to investors on Monday morning, Benzinga reports. They currently have an equal weight rating on the stock.

Separately, BTIG Research lowered Sharecare from a buy rating to a neutral rating in a research report on Monday, April 1st.

Sharecare Trading Down 4.0 %

SHCR stock opened at $0.71 on Monday. The stock has a 50-day moving average price of $0.91 and a 200-day moving average price of $0.99. Sharecare has a 1-year low of $0.48 and a 1-year high of $1.80. The firm has a market cap of $255.55 million, a PE ratio of -1.93 and a beta of 0.26.

Institutional Trading of Sharecare

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SHCR. BlackRock Inc. boosted its stake in shares of Sharecare by 142.1% in the 3rd quarter. BlackRock Inc. now owns 19,599,420 shares of the company’s stock worth $37,239,000 after buying an additional 11,504,540 shares during the last quarter. Pennsylvania Capital Management Inc. ADV purchased a new position in Sharecare in the third quarter valued at approximately $6,252,000. Private Management Group Inc. purchased a new position in Sharecare in the fourth quarter valued at approximately $4,410,000. State Street Corp lifted its stake in Sharecare by 148.4% in the third quarter. State Street Corp now owns 5,326,577 shares of the company’s stock valued at $10,120,000 after purchasing an additional 3,182,419 shares during the last quarter. Finally, Point72 Asset Management L.P. lifted its stake in Sharecare by 86.6% in the fourth quarter. Point72 Asset Management L.P. now owns 6,174,400 shares of the company’s stock valued at $9,879,000 after purchasing an additional 2,865,000 shares during the last quarter. 35.08% of the stock is 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 enhance their health and well-being.