Sharecare (NASDAQ:SHCR) Cut to “Neutral” at BTIG Research

Sharecare (NASDAQ:SHCRGet Free Report) was downgraded by equities researchers at BTIG Research from a “buy” rating to a “neutral” rating in a research note issued on Monday, Marketbeat reports.

Sharecare Stock Performance

Shares of NASDAQ:SHCR opened at $0.64 on Monday. Sharecare has a 52-week low of $0.48 and a 52-week high of $1.80. The company has a market cap of $224.70 million, a P/E ratio of -1.72 and a beta of 0.26. The stock’s 50-day moving average is $0.98 and its 200-day moving average is $1.00.

Institutional Investors Weigh In On Sharecare

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Sharecare by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 16,962,031 shares of the company’s stock worth $18,319,000 after purchasing an additional 373,505 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of Sharecare during the 4th quarter worth approximately $76,000. Barclays PLC grew its position in shares of Sharecare by 343.7% during the 4th quarter. Barclays PLC now owns 485,538 shares of the company’s stock worth $524,000 after buying an additional 376,115 shares during the period. Prelude Capital Management LLC acquired a new stake in shares of Sharecare during the 4th quarter worth approximately $49,000. Finally, Royal Bank of Canada grew its position in shares of Sharecare by 50.6% during the 4th quarter. Royal Bank of Canada now owns 140,560 shares of the company’s stock worth $151,000 after buying an additional 47,223 shares during the period. 35.08% of the stock is owned by institutional investors and hedge funds.

Sharecare Company Profile

(Get Free Report)

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.

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