31,285 Shares in Sharecare, Inc. (NASDAQ:SHCR) Acquired by XTX Topco Ltd

XTX Topco Ltd acquired a new position in Sharecare, Inc. (NASDAQ:SHCR) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 31,285 shares of the company’s stock, valued at approximately $42,000.

Other institutional investors also recently modified their holdings of the company. Private Management Group Inc. increased its position in shares of Sharecare by 12.1% in the second quarter. Private Management Group Inc. now owns 10,408,903 shares of the company’s stock worth $14,052,000 after purchasing an additional 1,124,331 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Sharecare by 47.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 635,288 shares of the company’s stock worth $488,000 after buying an additional 203,843 shares in the last quarter. Vanguard Group Inc. boosted its stake in Sharecare by 1.1% in 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. Wolverine Asset Management LLC boosted its stake in Sharecare by 17,847.9% in the second quarter. Wolverine Asset Management LLC now owns 550,463 shares of the company’s stock worth $743,000 after buying an additional 547,396 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in Sharecare by 22.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 290,987 shares of the company’s stock worth $224,000 after buying an additional 54,142 shares in the last quarter. 35.08% of the stock is currently owned by institutional investors.

Sharecare Stock Performance

NASDAQ:SHCR opened at $1.42 on Thursday. The firm has a market cap of $514.62 million, a PE ratio of -3.84 and a beta of 0.50. Sharecare, Inc. has a fifty-two week low of $0.48 and a fifty-two week high of $1.43. The business has a 50 day moving average price of $1.39 and a 200-day moving average price of $1.10.

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

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SHCR. Canaccord Genuity Group lowered Sharecare from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 21st. Morgan Stanley upped their target price on Sharecare from $1.00 to $1.43 and gave the stock an “equal weight” rating in a research note on Monday, June 24th. Finally, Canaccord Genuity Group reaffirmed 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.

Insider Activity

In other news, insider Jeffrey T. Arnold sold 177,085 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $1.38, for a total transaction of $244,377.30. Following the completion of the sale, the insider now owns 4,790,406 shares of the company’s stock, valued at $6,610,760.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 29.27% of the company’s stock.

Sharecare 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.