Sharecare (NASDAQ:SHCR) Hits New 12-Month High at $1.40

Sharecare, Inc. (NASDAQ:SHCR - Get Free Report)'s share price reached a new 52-week high on Wednesday . The company traded as high as $1.40 and last traded at $1.40, with a volume of 1758063 shares trading hands. The stock had previously closed at $1.39.

Analyst Ratings Changes

Several research firms recently commented on SHCR. Canaccord Genuity Group reiterated a "hold" rating and issued a $1.43 price objective (down previously from $2.00) on shares of Sharecare in a research note on Friday, June 21st. 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. Finally, Canaccord Genuity Group lowered Sharecare from a "strong-buy" rating to a "hold" rating in a report on Friday, June 21st.

Sharecare Stock Performance

The business's 50 day moving average is $1.36 and its two-hundred day moving average is $1.02. The firm has a market capitalization of $503.75 million, a PE ratio of -3.76 and a beta of 0.50.

Insider Transactions at Sharecare

In other Sharecare news, insider Jeffrey T. Arnold sold 177,085 shares of the firm's stock in a transaction dated 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 owns 4,790,406 shares in the company, valued at approximately $6,610,760.28. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 29.27% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Truist Financial Corp purchased a new stake in shares of Sharecare in the fourth quarter worth $29,000. DRW Securities LLC bought a new position in Sharecare in the 2nd quarter worth about $38,000. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Sharecare in the 2nd quarter valued at about $42,000. XTX Topco Ltd bought a new stake in shares of Sharecare during the 2nd quarter valued at about $42,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of Sharecare by 130.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 40,806 shares of the company's stock valued at $44,000 after acquiring an additional 23,129 shares during the last quarter. 35.08% of the stock is owned by 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.