Vanguard Personalized Indexing Management LLC Takes $42,000 Position in Sharecare, Inc. (NASDAQ:SHCR)

Vanguard Personalized Indexing Management LLC acquired a new position in Sharecare, Inc. (NASDAQ:SHCR) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 30,831 shares of the company’s stock, valued at approximately $42,000.

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

Insider Activity at Sharecare

In other Sharecare news, insider Jeffrey T. Arnold sold 177,085 shares of Sharecare stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $1.38, for a total value of $244,377.30. Following the transaction, the insider now directly owns 4,790,406 shares of the company’s stock, valued at approximately $6,610,760.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 29.27% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

Sharecare Stock Performance

Shares of SHCR opened at $1.42 on Wednesday. Sharecare, Inc. has a fifty-two week low of $0.48 and a fifty-two week high of $1.42. The firm has a 50 day moving average price of $1.39 and a 200-day moving average price of $1.09. The firm has a market cap of $514.62 million, a price-to-earnings ratio of -3.84 and a beta of 0.50.

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

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.