Sharecare (NASDAQ:SHCR) Hits New 1-Year High at $1.42

Sharecare, Inc. (NASDAQ:SHCR) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $1.42 and last traded at $1.42, with a volume of 87511 shares trading hands. The stock had previously closed at $1.42.

Wall Street Analyst Weigh In

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

Sharecare Price Performance

The business’s 50 day moving average price is $1.39 and its 200 day moving average price is $1.07. The firm has a market cap of $512.81 million, a PE ratio of -3.84 and a beta of 0.50.

Sharecare (NASDAQ:SHCR) last posted its quarterly earnings data on Friday, August 9th. The company reported ($0.09) earnings per share (EPS) 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 firm had revenue of $94.27 million during the quarter, compared to analyst estimates of $90.16 million. As a group, 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 the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $1.38, for a total value of $244,377.30. Following the completion of the sale, the insider now directly owns 4,790,406 shares in the company, valued at $6,610,760.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 29.27% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Sharecare

A number of institutional investors have recently added to or reduced their stakes in SHCR. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Sharecare by 47.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 635,288 shares of the company’s stock worth $488,000 after acquiring an additional 203,843 shares during the last quarter. StoneX Group Inc. acquired a new stake in Sharecare during the first quarter worth about $102,000. Private Management Group Inc. raised 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 worth $7,126,000 after purchasing an additional 5,201,296 shares during the period. Vanguard Group Inc. boosted its holdings in Sharecare by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 17,151,060 shares of the company’s stock valued at $13,163,000 after purchasing an additional 189,029 shares during the last quarter. Finally, Alpine Global Management LLC purchased a new stake in shares of Sharecare in the 1st quarter valued at approximately $83,000. Hedge funds and other institutional investors own 35.08% of the company’s stock.

About Sharecare

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.