Sharecare (NASDAQ:SHCR) PT Lowered to $2.00 at Morgan Stanley – MarketBeat

Written by Amanda

Sharecare (NASDAQ:SHCR) PT Lowered to $2.00 at Morgan Stanley  MarketBeat

Sharecare (NASDAQ:SHCRGet Rating) had its price objective dropped by stock analysts at Morgan Stanley from $2.50 to $2.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s price target points to a potential upside of 36.99% from the company’s current price.

Sharecare Price Performance

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Shares of NASDAQ SHCR opened at $1.46 on Thursday. The stock has a market capitalization of $516.14 million, a P/E ratio of -5.84 and a beta of 0.42. Sharecare has a one year low of $1.38 and a one year high of $3.43. The firm’s 50 day simple moving average is $2.37 and its two-hundred day simple moving average is $2.05.

Institutional Trading of Sharecare

Institutional investors have recently made changes to their positions in the stock. Orin Green Financial LLC purchased a new stake in Sharecare in the fourth quarter worth $25,000. WealthPLAN Partners LLC bought a new position in shares of Sharecare during the fourth quarter valued at $3,013,000. Alliancebernstein L.P. increased its holdings in Sharecare by 74.7% in the 4th quarter. Alliancebernstein L.P. now owns 150,600 shares of the company’s stock worth $241,000 after buying an additional 64,400 shares in the last quarter. State of Wyoming increased its holdings in Sharecare by 51.8% in the 4th quarter. State of Wyoming now owns 82,439 shares of the company’s stock worth $132,000 after buying an additional 28,122 shares in the last quarter. Finally, Mackenzie Financial Corp bought a new stake in Sharecare in the 4th quarter worth about $30,000. Hedge funds and other institutional investors own 34.22% of the company’s stock.

About Sharecare

(Get Rating)

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.

Further Reading

Analyst Recommendations for Sharecare (NASDAQ:SHCR)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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About the author


Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai

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