Sharecare (NASDAQ:SHCR) Given New $1.00 Price Target at Morgan Stanley

Sharecare (NASDAQ:SHCR) had its price target cut by Morgan Stanley from $1.50 to $1.00 in a research note issued to investors on Monday, 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 Stock Down 4.0 %

Shares of NASDAQ SHCR opened at $0.71 on Monday. The firm has a market cap of $255.55 million, a price-to-earnings ratio of -1.93 and a beta of 0.26. Sharecare has a 52-week low of $0.48 and a 52-week high of $1.80. The business’s 50 day moving average is $0.91 and its two-hundred day moving average is $0.99.

Institutional Trading of Sharecare

A number of large investors have recently modified their holdings of the stock. Morgan Stanley increased its position in shares of Sharecare by 2.0% during the fourth quarter. Morgan Stanley now owns 375,835 shares of the company’s stock worth $601,000 after acquiring an additional 7,398 shares during the period. Jane Street Group LLC increased its position in shares of Sharecare by 34.1% during the first quarter. Jane Street Group LLC now owns 33,781 shares of the company’s stock worth $48,000 after acquiring an additional 8,583 shares during the period. Commonwealth Equity Services LLC increased its position in shares of Sharecare by 44.6% during the third quarter. Commonwealth Equity Services LLC now owns 29,173 shares of the company’s stock worth $55,000 after acquiring an additional 9,000 shares during the period. Principal Financial Group Inc. increased its position in shares of Sharecare by 30.4% during the third quarter. Principal Financial Group Inc. now owns 42,937 shares of the company’s stock worth $40,000 after acquiring an additional 9,999 shares during the period. Finally, Lazard Asset Management LLC purchased a new stake in shares of Sharecare during the first quarter worth $25,000. Hedge funds and other institutional investors own 35.08% of the company’s stock.

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.