State Board of Administration of Florida Retirement System Makes New $63,000 Investment in Sharecare, Inc. (NASDAQ:SHCR)

State Board of Administration of Florida Retirement System acquired a new position in shares of Sharecare, Inc. (NASDAQ:SHCR – Get Rating) in the fourth quarter, Holdings Channel.com reports. The firm acquired 39,470 shares of the company’s stock, valued at approximately $63,000.

Other large investors also recently added to or reduced their stakes in the company. Lazard Asset Management LLC acquired a new position in Sharecare during the first quarter worth $25,000. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Sharecare during the 1st quarter worth approximately $26,000. Virtu Financial LLC acquired a new stake in shares of Sharecare during the 1st quarter worth approximately $27,000. XTX Topco Ltd acquired a new stake in shares of Sharecare during the 1st quarter worth approximately $31,000. Finally, Prudential Financial Inc. acquired a new stake in shares of Sharecare during the 3rd quarter worth approximately $32,000. 34.22% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Morgan Stanley cut their price target on shares of Sharecare from $2.50 to $2.00 and set an “equal weight” rating for the company in a report on Thursday, March 30th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $3.02.

Sharecare Price Performance

Shares of SHCR opened at $1.41 on Wednesday. Sharecare, Inc. has a 1-year low of $1.31 and a 1-year high of $3.20. The stock has a market cap of $503.96 million, a PE ratio of -4.27 and a beta of 0.28. The firm has a fifty day moving average price of $1.66 and a 200 day moving average price of $1.94.

Sharecare Profile

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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.