Sharecare (NASDAQ:SHCR) Shares Gap Up to $0.77

Shares of Sharecare, Inc. (NASDAQ:SHCRGet Free Report) gapped up prior to trading on Friday . The stock had previously closed at $0.77, but opened at $1.36. Sharecare shares last traded at $1.38, with a volume of 26,341,781 shares traded.

Analysts Set New Price Targets

A number of equities research analysts recently commented on SHCR shares. Canaccord Genuity Group reiterated a “buy” rating and issued a $2.00 target price on shares of Sharecare in a research report on Tuesday, May 21st. Morgan Stanley lowered their target price on Sharecare from $1.50 to $1.00 and set an “equal weight” rating for the company in a research report on Monday, April 15th. Finally, BTIG Research lowered shares of Sharecare from a “buy” rating to a “neutral” rating in a report on Monday, April 1st.

View Our Latest Stock Report on SHCR

Sharecare Trading Up 77.6 %

The firm has a market capitalization of $498.31 million, a P/E ratio of -3.68 and a beta of 0.33. The firm has a 50 day moving average price of $0.78 and a 200-day moving average price of $0.90.

Sharecare (NASDAQ:SHCRGet Free Report) last issued its quarterly earnings results on Thursday, May 9th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.04). The firm had revenue of $90.86 million for 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 previous year, the company posted ($0.06) earnings per share. Research analysts anticipate that Sharecare, Inc. will post -0.23 earnings per share for the current year.

Institutional Trading of Sharecare

Hedge funds and other institutional investors have recently bought and sold shares of the business. Cadent Capital Advisors LLC purchased a new position in Sharecare in the 4th quarter worth about $25,000. Truist Financial Corp purchased a new position in shares of Sharecare during the fourth quarter worth approximately $29,000. Bfsg LLC bought a new stake in shares of Sharecare during the fourth quarter valued at approximately $41,000. Tower Research Capital LLC TRC boosted its holdings in shares of Sharecare by 130.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 40,806 shares of the company’s stock valued at $44,000 after purchasing an additional 23,129 shares during the period. Finally, Pathstone Family Office LLC bought a new position in Sharecare in the third quarter worth approximately $64,000. Hedge funds and other institutional investors own 35.08% of the company’s stock.

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 improve their health and well-being.

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