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

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

Analyst Ratings Changes

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

Sharecare Stock Up 1.4 %

The company has a market capitalization of $514.62 million, a price-to-earnings ratio of -3.84 and a beta of 0.50. The stock’s 50-day simple moving average is $1.38 and its two-hundred day simple moving average is $1.06.

Sharecare (NASDAQ:SHCR) last released 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 business had revenue of $94.27 million for 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%. On average, sell-side analysts forecast that Sharecare, Inc. will post -0.24 EPS for the current year.

Insider Transactions at Sharecare

In related news, insider Jeffrey T. Arnold sold 177,085 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $1.38, for a total value of $244,377.30. Following the sale, the insider now owns 4,790,406 shares of the company’s stock, valued at $6,610,760.28. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 29.27% of the company’s stock.

Institutional Trading of Sharecare

A number of large investors have recently bought and sold shares of SHCR. DRW Securities LLC purchased a new stake in Sharecare in the 2nd quarter valued at approximately $38,000. Truist Financial Corp acquired a new position in Sharecare in the fourth quarter valued at $29,000. Vanguard Personalized Indexing Management LLC acquired a new position in shares of Sharecare during the 2nd quarter valued at about $42,000. XTX Topco Ltd purchased a new position in Sharecare during the second quarter worth approximately $42,000. Finally, Panagora Asset Management Inc. purchased a new position in shares of Sharecare in the 2nd quarter worth $56,000. Institutional investors and hedge funds 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.