Sharecare’s (SHCR) “Buy” Rating Reaffirmed at Canaccord Genuity Group

Sharecare (NASDAQ:SHCR)‘s stock had its “buy” rating reaffirmed by stock analysts at Canaccord Genuity Group in a research note issued on Tuesday, Benzinga reports. They presently have a $2.00 target price on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 134.66% from the stock’s current price.

SHCR has been the subject of several other research reports. BTIG Research lowered shares of Sharecare from a “buy” rating to a “neutral” rating in a research note on Monday, April 1st. Morgan Stanley lowered their price objective on shares of Sharecare from $1.50 to $1.00 and set an “equal weight” rating for the company in a research note on Monday, April 15th.

Sharecare Stock Up 2.1 %

SHCR stock traded up $0.02 during mid-day trading on Tuesday, hitting $0.85. 1,156,723 shares of the company were exchanged, compared to its average volume of 1,670,365. The firm has a market capitalization of $308.88 million, a P/E ratio of -2.30 and a beta of 0.26. The business has a fifty day simple moving average of $0.78 and a 200-day simple moving average of $0.93. Sharecare has a 12-month low of $0.48 and a 12-month high of $1.80.

Sharecare (NASDAQ:SHCR) last announced its earnings results on Thursday, May 9th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.04). The company had revenue of $90.86 million for the quarter, compared to analysts’ expectations of $103.80 million. Sharecare had a negative return on equity of 19.78% and a negative net margin of 30.71%. During the same period last year, the business earned ($0.06) EPS. Research analysts predict that Sharecare will post -0.21 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SHCR. GSA Capital Partners LLP acquired a new stake in Sharecare during the third quarter worth approximately $865,000. Pathstone Family Office LLC acquired a new stake in Sharecare during the third quarter worth approximately $64,000. Swiss National Bank increased its holdings in shares of Sharecare by 7.6% in the 3rd quarter. Swiss National Bank now owns 667,733 shares of the company’s stock valued at $628,000 after acquiring an additional 47,200 shares during the period. WealthPlan Investment Management LLC increased its holdings in shares of Sharecare by 1,307,971.1% in the 3rd quarter. WealthPlan Investment Management LLC now owns 1,177,264 shares of the company’s stock valued at $1,107,000 after acquiring an additional 1,177,174 shares during the period. Finally, Private Management Group Inc. acquired a new position in shares of Sharecare in the 4th quarter valued at $4,410,000. 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 improve their health and well-being.