Squarepoint Ops LLC Grows Stock Holdings in Sharecare, Inc. (NASDAQ:SHCR)

Squarepoint Ops LLC lifted its position in Sharecare, Inc. (NASDAQ:SHCR) by 7,841.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,511,468 shares of the company’s stock after purchasing an additional 2,479,843 shares during the quarter. Squarepoint Ops LLC’s holdings in Sharecare were worth $3,390,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of SHCR. Cubist Systematic Strategies LLC bought a new position in Sharecare during the second quarter valued at approximately $92,000. Point72 DIFC Ltd purchased a new stake in shares of Sharecare in the 2nd quarter valued at $60,000. Sagefield Capital LP bought a new position in shares of Sharecare during the 2nd quarter valued at $814,000. DRW Securities LLC purchased a new position in Sharecare in the 2nd quarter worth $38,000. Finally, Gabelli Funds LLC bought a new stake in Sharecare in the second quarter worth $892,000. 35.08% of the stock is currently owned by institutional investors.

Sharecare Stock Performance

SHCR stock opened at $1.42 on Wednesday. The stock has a market capitalization of $514.62 million, a price-to-earnings ratio of -3.84 and a beta of 0.50. The firm’s 50-day moving average price is $1.39 and its two-hundred day moving average price is $1.09. Sharecare, Inc. has a 12-month low of $0.48 and a 12-month high of $1.42.

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

Analyst Upgrades and Downgrades

SHCR has been the topic of a number of recent research reports. Canaccord Genuity Group cut Sharecare from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 21st. Canaccord Genuity Group restated a “hold” rating and set a $1.43 price target (down from $2.00) on shares of Sharecare in a research report on Friday, June 21st. Finally, Morgan Stanley boosted their price objective on Sharecare from $1.00 to $1.43 and gave the company an “equal weight” rating in a research report on Monday, June 24th.

Insider Activity at Sharecare

In related news, insider Jeffrey T. Arnold sold 177,085 shares of Sharecare stock in a transaction on Friday, August 16th. The shares were sold at an average price of $1.38, for a total value of $244,377.30. Following the sale, the insider now owns 4,790,406 shares in the company, valued at $6,610,760.28. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 29.27% of the stock is owned by corporate insiders.

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.