Sharecare, Inc. (NASDAQ:SHCR) Short Interest Update

Sharecare, Inc. (NASDAQ:SHCR) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totalling 16,522,800 shares, a decline of 14.9% from the May 31st total of 19,420,000 shares. Currently, 5.7% of the shares of the stock are short sold. Based on an average daily volume of 3,695,700 shares, the short-interest ratio is currently 4.5 days.

Analyst Upgrades and Downgrades

SHCR has been the subject of a number of research reports. BTIG Research cut shares of Sharecare from a “buy” rating to a “neutral” rating in a research note on Monday, April 1st. Canaccord Genuity Group cut shares of Sharecare from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 21st. Canaccord Genuity Group reaffirmed a “hold” rating and set a $1.43 price objective (down previously from $2.00) on shares of Sharecare in a research note on Friday, June 21st. Finally, Morgan Stanley upped 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.

Sharecare Stock Performance

Shares of SHCR stock opened at $1.38 on Tuesday. The firm’s 50 day moving average price is $0.87 and its 200-day moving average price is $0.92. Sharecare has a one year low of $0.48 and a one year high of $1.80. The firm has a market cap of $500.13 million, a P/E ratio of -3.73 and a beta of 0.49.

Sharecare (NASDAQ:SHCR) last released its earnings results on Thursday, May 9th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). The business had revenue of $90.86 million for the quarter, compared to analyst estimates of $103.80 million. Sharecare had a negative return on equity of 19.78% and a negative net margin of 30.71%. During the same quarter last year, the company earned ($0.06) earnings per share. As a group, research analysts predict that Sharecare will post -0.23 EPS for the current fiscal year.

Institutional Investors Weigh In On Sharecare

A number of large investors have recently modified their holdings of SHCR. Cadent Capital Advisors LLC purchased a new position in shares of Sharecare in the 4th quarter valued at $25,000. Truist Financial Corp purchased a new position in shares of Sharecare in the 4th quarter valued at $29,000. Bfsg LLC purchased a new position in Sharecare during the 4th quarter worth $41,000. Tower Research Capital LLC TRC grew its position in Sharecare by 130.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 40,806 shares of the company’s stock worth $44,000 after purchasing an additional 23,129 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in Sharecare during the 4th quarter worth $76,000. 35.08% of the stock is owned by hedge funds and other institutional investors.

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.