Squarepoint Ops LLC Increases Holdings in Sharecare, Inc. (NASDAQ:SHCR)

Squarepoint Ops LLC increased its stake in Sharecare, Inc. (NASDAQ:SHCR) by 7,841.4% during the second quarter, according to its most recent filing with the SEC. The fund owned 2,511,468 shares of the company’s stock after buying an additional 2,479,843 shares during the quarter. Squarepoint Ops LLC owned 0.69% of Sharecare worth $3,390,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. DRW Securities LLC bought a new stake in Sharecare in the second quarter worth about $38,000. Vanguard Personalized Indexing Management LLC bought a new stake in shares of Sharecare in the 2nd quarter worth approximately $42,000. XTX Topco Ltd purchased a new position in Sharecare in the second quarter valued at approximately $42,000. Panagora Asset Management Inc. purchased a new stake in Sharecare in the second quarter worth $56,000. Finally, Point72 DIFC Ltd purchased a new stake in Sharecare in the second quarter worth $60,000. Institutional investors own 35.08% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. 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 note on Monday, June 24th. Canaccord Genuity Group reiterated a “hold” rating and issued a $1.43 target price (down previously from $2.00) on shares of Sharecare in a research note on Friday, June 21st. Finally, Canaccord Genuity Group cut shares of Sharecare from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 21st.

Insiders Place Their Bets

In other news, insider Jeffrey T. Arnold sold 177,085 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $1.38, for a total transaction of $244,377.30. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 29.27% of the company’s stock.

Sharecare Stock Performance

Shares of NASDAQ SHCR opened at $1.42 on Wednesday. Sharecare, Inc. has a fifty-two week low of $0.48 and a fifty-two week high of $1.42. The stock has a market cap of $514.62 million, a PE ratio of -3.84 and a beta of 0.50. The stock has a fifty day moving average of $1.39 and a 200-day moving average of $1.09.

Sharecare (NASDAQ:SHCR) last posted its earnings results on Friday, August 9th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). The company had revenue of $94.27 million for the quarter, compared to analysts’ expectations of $90.16 million. Sharecare had a negative net margin of 33.64% and a negative return on equity of 22.81%. On average, sell-side analysts predict that Sharecare, Inc. will post -0.24 EPS for the current year.

Sharecare Company Profile

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.