Sharecare (NASDAQ:SHCR) Reaches New 12-Month High at $1.42

Sharecare, Inc. (NASDAQ:SHCR)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $1.42 and last traded at $1.42, with a volume of 240887 shares trading hands. The stock had previously closed at $1.41.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on SHCR shares. Canaccord Genuity Group lowered Sharecare from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 21st. Canaccord Genuity Group reissued a “hold” rating and issued a $1.43 target price (down previously from $2.00) on shares of Sharecare in a research note on Friday, June 21st. Finally, Morgan Stanley boosted their target price on Sharecare from $1.00 to $1.43 and gave the stock an “equal weight” rating in a research report on Monday, June 24th.

Sharecare Price Performance

The company’s 50 day simple moving average is $1.39 and its 200 day simple moving average is $1.09. The stock has a market cap of $514.62 million, a P/E ratio of -3.82 and a beta of 0.50.

Sharecare (NASDAQ:SHCR) last released its quarterly earnings data on Friday, August 9th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). The firm had revenue of $94.27 million during the quarter, compared to the consensus estimate of $90.16 million. Sharecare had a negative net margin of 33.64% and a negative return on equity of 22.81%. On average, equities research analysts predict that Sharecare, Inc. will post -0.24 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Jeffrey T. Arnold sold 177,085 shares of Sharecare stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $1.38, for a total transaction of $244,377.30. Following the transaction, the insider now owns 4,790,406 shares in the company, valued at approximately $6,610,760.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 29.27% of the company’s stock.

Institutional Investors Weigh In On Sharecare

Several institutional investors have recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Sharecare by 47.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 635,288 shares of the company’s stock worth $488,000 after purchasing an additional 203,843 shares during the last quarter. StoneX Group Inc. bought a new position in shares of Sharecare in the 1st quarter valued at about $102,000. Private Management Group Inc. increased its position in shares of Sharecare by 127.4% in the first quarter. Private Management Group Inc. now owns 9,284,572 shares of the company’s stock valued at $7,126,000 after acquiring an additional 5,201,296 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Sharecare by 1.1% in the first quarter. Vanguard Group Inc. now owns 17,151,060 shares of the company’s stock valued at $13,163,000 after acquiring an additional 189,029 shares during the last quarter. Finally, Alpine Global Management LLC bought a new stake in Sharecare during the first quarter worth about $83,000. Institutional investors own 35.08% of the company’s stock.

Sharecare 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 improve their health and well-being.