Sharecare, Inc. (NASDAQ:SHCR – Get Rating) shares hit a new 52-week low during trading on Thursday. The company traded as low as $1.43 and last traded at $1.43, with volume of 5229 shares changing hands. The stock previously closed at $1.47.
A Wall Street analyst gives his opinion
A number of research analysts have recently commented on the company. BTIG Research reiterated a “buy” rating and issued a $10.00 price target on Sharecare shares in a research note on Friday, April 22. Canaccord Genuity Group lowered its price target on Sharecare from $12.00 to $6.00 in a Friday, April 1 research note. Goldman Sachs Group lowered its price target on Sharecare from $4.50 to $4.00 and set a “neutral” rating for the company in a Friday, April 1 research note. Finally, Morgan Stanley began covering Sharecare in a research note on Wednesday, July 20. They issued an “equal weight” rating and a price target of $2.50 for the company.
Sharecare price performance
The company has a market capitalization of $500.89 million, a price-earnings ratio of -0.16 and a beta of 0.17. The stock has a fifty-day moving average of $1.99 and a two-hundred-day moving average of $2.61.
Sharecare (NASDAQ:SHCR – Get Rating) last released its quarterly earnings data on Thursday, May 12. The company reported ($0.12) earnings per share for the quarter. The company had revenue of $100.71 million in the quarter. Sharecare had a negative net margin of 21.72% and a negative return on equity of 22.95%. On average, research analysts expect Sharecare, Inc. to post an EPS of -0.27 for the current year.
Sharecare Institutional Trading
A number of large investors have recently bought and sold shares of the company. BlackRock Inc. increased its stake in Sharecare by 4.1% during the 1st quarter. BlackRock Inc. now owns 4,705,162 shares of the company worth $11,622,000 after acquiring an additional 186,973 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Sharecare by 3.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,454,392 shares of the company worth $3,593,000 after acquiring an additional 49,081 shares during the period. WealthPLAN Partners LLC increased its holdings in Sharecare by 11,497.2% during the 1st quarter. WealthPLAN Partners LLC now owns 1,235,099 shares of the company worth $3,384,000 after acquiring an additional 1,224,449 shares during the period. State Street Corp increased its stake in Sharecare by 2.2% in the first quarter. State Street Corp now owns 1,157,135 shares of the company worth $2,858,000 after acquiring an additional 25,126 shares during the period. Finally, Samjo Capital LLC acquired a new stake in Sharecare during the 1st quarter with a value of approximately $1,828,000. 16.76% of the shares are currently held by institutional investors and hedge funds.
About ShareCare
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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 wellness. The Company offers enterprise solutions based on a software-as-a-service model that enables enterprise customers to message, motivate and manage their populations, as well as measure the progress of their people; a suite of data and information driven solutions; and life sciences solutions, which provide members with personalized information, programs and resources to improve their health and well-being.
Further reading
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