Sharecare (NASDAQ:SHCR) Sets New 12-Month High at $1.41

Sharecare, Inc. (NASDAQ:SHCR)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $1.41 and last traded at $1.41, with a volume of 32703 shares changing hands. The stock had previously closed at $1.40.

Wall Street Analyst Weigh In

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

Sharecare Trading Up 0.7 %

The firm has a market cap of $511.00 million, a P/E ratio of -3.78 and a beta of 0.50. The company’s fifty day moving average price is $1.38 and its two-hundred day moving average price is $1.05.

Sharecare (NASDAQ:SHCR) last posted its 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). 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, analysts predict that Sharecare, Inc. will post -0.24 EPS for the current fiscal year.

Insider Transactions at Sharecare

In other Sharecare 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 transaction of $244,377.30. Following the sale, the insider now 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 SEC, which can be accessed through this hyperlink. Company insiders own 29.27% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Bfsg LLC increased its stake in Sharecare by 16.1% during the 2nd quarter. Bfsg LLC now owns 95,500 shares of the company’s stock worth $129,000 after purchasing an additional 13,270 shares in the last quarter. DRW Securities LLC bought a new stake in shares of Sharecare during the second quarter worth $38,000. Truist Financial Corp acquired a new stake in shares of Sharecare during the fourth quarter worth $29,000. Vanguard Personalized Indexing Management LLC bought a new stake in Sharecare in the 2nd quarter valued at $42,000. Finally, XTX Topco Ltd acquired a new position in Sharecare in the 2nd quarter worth $42,000. 35.08% of the stock is currently owned by institutional investors and hedge funds.

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.