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

Sharecare (NASDAQ:SHCR) had its price target lowered by Morgan Stanley from $1.50 to $1.00 in a report issued on Monday, Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

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

Sharecare Stock Down 1.3 %

NASDAQ:SHCR opened at $0.66 on Monday. The stock has a market cap of $237.27 million, a price-to-earnings ratio of -1.79 and a beta of 0.26. The company’s 50 day moving average price is $0.90 and its 200-day moving average price is $0.98. Sharecare has a 52 week low of $0.48 and a 52 week high of $1.80.

Hedge Funds Weigh In On Sharecare

Hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its holdings in shares of Sharecare by 9.5% during the first quarter. JPMorgan Chase & Co. now owns 118,579 shares of the company’s stock valued at $293,000 after purchasing an additional 10,315 shares during the last quarter. Raymond James & Associates raised its stake in Sharecare by 6.2% during the 1st quarter. Raymond James & Associates now owns 619,786 shares of the company’s stock valued at $1,531,000 after buying an additional 35,936 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Sharecare by 96.6% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 71,242 shares of the company’s stock valued at $176,000 after buying an additional 35,000 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Sharecare in the 1st quarter worth $26,000. Finally, Citigroup Inc. grew its holdings in shares of Sharecare by 590.3% in the first quarter. Citigroup Inc. now owns 43,336 shares of the company’s stock worth $107,000 after acquiring an additional 37,058 shares during the period. Institutional investors own 35.08% of the company’s stock.

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 enhance their health and well-being.