Sharecare’s (SHCR) Hold Rating Reiterated at Canaccord Genuity Group

Sharecare (NASDAQ:SHCRGet Free Report)‘s stock had its “hold” rating restated by equities researchers at Canaccord Genuity Group in a research note issued to investors on Friday, Benzinga reports. They currently have a $1.43 price target on the stock, down from their prior price target of $2.00. Canaccord Genuity Group’s target price would indicate a potential upside of 3.62% from the stock’s current price.

A number of other analysts have also commented on SHCR. Morgan Stanley decreased their price target on shares of 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 lowered shares of Sharecare from a “buy” rating to a “neutral” rating in a research note on Monday, April 1st.

View Our Latest Report on SHCR

Sharecare Price Performance

Shares of NASDAQ:SHCR traded up $0.61 during mid-day trading on Friday, hitting $1.38. The company had a trading volume of 39,327,609 shares, compared to its average volume of 2,050,881. The firm has a fifty day moving average price of $0.78 and a 200 day moving average price of $0.90. The company has a market capitalization of $500.13 million, a PE 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.

Sharecare (NASDAQ:SHCRGet Free Report) last released 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 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 in the prior year, the firm earned ($0.06) EPS. Research analysts expect that Sharecare will post -0.23 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. GSA Capital Partners LLP purchased a new stake in Sharecare in the third quarter worth $865,000. Pathstone Family Office LLC bought a new position in shares of Sharecare during the third quarter valued at $64,000. Swiss National Bank increased its holdings in shares of Sharecare by 7.6% during the third quarter. Swiss National Bank now owns 667,733 shares of the company’s stock valued at $628,000 after acquiring an additional 47,200 shares in the last quarter. WealthPlan Investment Management LLC increased its holdings in Sharecare by 1,307,971.1% in the 3rd quarter. WealthPlan Investment Management LLC now owns 1,177,264 shares of the company’s stock worth $1,107,000 after buying an additional 1,177,174 shares in the last quarter. Finally, Truist Financial Corp bought a new stake in Sharecare in the 4th quarter worth about $29,000. 35.08% of the stock is currently owned by institutional investors.

About Sharecare

(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 improve their health and well-being.

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