Sharecare (NASDAQ:SHCR) Price Target Lowered to $1.00 at Morgan Stanley

Sharecare (NASDAQ:SHCR) had its price objective decreased by Morgan Stanley from $1.50 to $1.00 in a report released on Monday, Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

Separately, BTIG Research cut shares of Sharecare from a buy rating to a neutral rating in a research report on Monday, April 1st.

Sharecare Trading Down 1.3 %

SHCR stock opened at $0.66 on Monday. The firm has a 50-day moving average price of $0.90 and a 200-day moving average price of $0.98. Sharecare has a 12 month low of $0.48 and a 12 month high of $1.80. The stock has a market capitalization of $237.27 million, a P/E ratio of -1.79 and a beta of 0.26.

Institutional Trading of Sharecare

A number of hedge funds have recently made changes to their positions in SHCR. Cadent Capital Advisors LLC acquired a new position in shares of Sharecare in the fourth quarter valued at approximately $25,000. Lazard Asset Management LLC acquired a new position in Sharecare in the 1st quarter valued at approximately $25,000. Qube Research & Technologies Ltd bought a new position in shares of Sharecare during the third quarter valued at $25,000. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Sharecare during the first quarter worth $26,000. Finally, Virtu Financial LLC bought a new stake in shares of Sharecare in the first quarter worth $27,000. 35.08% of the stock is owned by institutional investors and hedge funds.

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.