Sharecare Inc. (NASDAQ:SHCR) shares traded 6.42% higher at $2.32 on Wall Street last session.
SHCR stock price is now 1.09% away from the 50-day moving average and 17.05% away from the 200-day moving average. The market capitalization of the company currently stands at $871.95M.
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With the price target of $2.50, Morgan Stanley recently initiated with Equal-Weight rating for Sharecare Inc. (NASDAQ: SHCR). On February 11, 2022, Goldman recently initiated its ‘Neutral’ rating on the stock quoting a target price of $4.50, while ‘Canaccord Genuity’ rates the stock as ‘Buy’.
In other news, Blalock Michael, Chief Accounting Officer bought 6,000 shares of the company’s stock on Jun 09. The stock was bought for $15,276 at an average price of $2.55. Upon completion of the transaction, the Chief Accounting Officer now directly owns 10,000 shares in the company, valued at $23200.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 09, Chief Accounting Officer Blalock Michael bought 4,000 shares of the business’s stock. A total of $10,201 was incurred on buying the stock at an average price of $2.55. This leaves the insider owning 10,000 shares of the company worth $23200.0. Insiders disposed of 3,443,161 shares of company stock worth roughly $7.99 million over the past 1 year. A total of 0.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SHCR stock. A new stake in Sharecare Inc. shares was purchased by LMR PARTNERS LLP during the first quarter worth $1,856,000. PEOPLE’S UNITED FINANCIAL, INC. invested $1,200,000 in shares of SHCR during the first quarter. In the first quarter, REGIMEN WEALTH, LLC acquired a new stake in Sharecare Inc. valued at approximately $351,000. MANUFACTURERS LIFE INSURANCE COMPANY, THE acquired a new stake in SHCR for approximately $271,000. NORDWAND ADVISORS, LLC purchased a new stake in SHCR valued at around $232,000 in the second quarter. In total, there are 162 active investors with 45.20% ownership of the company’s stock.
Sharecare Inc. (NASDAQ: SHCR) opened at $2.2900 on Tuesday. During the past 12 months, Sharecare Inc. has had a low of $1.38 and a high of $3.55. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 3.50, and a quick ratio of 3.50. The fifty day moving average price for SHCR is $2.3093 and a two-hundred day moving average price translates $1.9806 for the stock.
The latest earnings results from Sharecare Inc. (NASDAQ: SHCR) was released for Sep, 2022. According to the Health Information Services Company, earnings per share came in at -$0.08, missing analysts’ expectations of -$0.06 by -0.02. This compares to -$0.13 EPS in the same period last year. The net profit margin was -19.20% and return on equity was -15.30% for SHCR. The company reported revenue of $114.62 million for the quarter, compared to $105.62 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.52 percent. For the current quarter, analysts expect SHCR to generate $120.25M in revenue.
Sharecare Inc.(SHCR) Company Profile
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. It also operates RealAge, a platform for health assessment to assess behaviors and existing conditions of its members and provide metric for their physical health. In addition, the company provides secure, automated release of information, audit, and business consulting services to streamline the medical records process for medical facilities. It sells its solutions through direct sales organization and partner relationships. Sharecare, Inc. was founded in 2009 and is headquartered in Atlanta, Georgia.
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