AQR Capital Management LLC Buys 78,466 Shares of Sharecare, Inc. (NASDAQ:SHCR)

AQR Capital Management LLC increased its stake in shares of Sharecare, Inc. (NASDAQ:SHCR) by 478.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 94,883 shares of the company’s stock after purchasing an additional 78,466 shares during the quarter. AQR Capital Management LLC’s holdings in Sharecare were worth $128,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. purchased a new position in Sharecare during the 2nd quarter valued at $401,000. Squarepoint Ops LLC boosted its holdings in Sharecare by 7,841.4% during the 2nd quarter. Squarepoint Ops LLC now owns 2,511,468 shares of the company’s stock valued at $3,390,000 after acquiring an additional 2,479,843 shares during the period. Cubist Systematic Strategies LLC purchased a new position in Sharecare during the 2nd quarter valued at $92,000. Point72 DIFC Ltd purchased a new position in Sharecare during the 2nd quarter valued at $60,000. Finally, Sagefield Capital LP purchased a new position in Sharecare during the 2nd quarter valued at $814,000. Institutional investors own 35.08% of the company’s stock.

Insider Transactions at Sharecare

In other news, insider Jeffrey T. Arnold sold 177,085 shares of the business’s stock in a transaction 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 completion of the transaction, the insider now directly owns 4,790,406 shares of the company’s stock, valued at approximately $6,610,760.28. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 29.27% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on SHCR shares. Canaccord Genuity Group restated 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 upped their target price on Sharecare from $1.00 to $1.43 and gave the stock an “equal weight” rating in a report on Monday, June 24th. Finally, Canaccord Genuity Group cut Sharecare from a “strong-buy” rating to a “hold” rating in a report on Friday, June 21st.

Sharecare Trading Up 0.3 %

Shares of SHCR stock opened at $1.44 on Friday. Sharecare, Inc. has a twelve month low of $0.48 and a twelve month high of $1.44. The stock has a market capitalization of $520.06 million, a price-to-earnings ratio of -3.88 and a beta of 0.51. The stock has a fifty day simple moving average of $1.40 and a two-hundred day simple moving average of $1.14.

Sharecare (NASDAQ:SHCR) last issued its 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). The firm had revenue of $94.27 million during the quarter, compared to analysts’ expectations of $90.16 million. Sharecare had a negative return on equity of 22.81% and a negative net margin of 33.64%. Research analysts predict that Sharecare, Inc. will post -0.24 EPS for the current fiscal year.

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.