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

Sharecare, Inc. (NASDAQ:SHCR - Get Free Report)'s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $1.40 and last traded at $1.40, with a volume of 139016 shares. The stock had previously closed at $1.39.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Canaccord Genuity Group restated a "hold" rating and set a $1.43 price objective (down from $2.00) on shares of Sharecare in a research report on Friday, June 21st. Morgan Stanley upped their price target on shares of 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 research report on Friday, June 21st.

Sharecare Price Performance

The company has a market cap of $503.75 million, a price-to-earnings ratio of -3.76 and a beta of 0.50. The business has a 50-day simple moving average of $1.38 and a two-hundred day simple moving average of $1.03.

Sharecare (NASDAQ:SHCR - Get Free Report) last announced its quarterly earnings results on Friday, August 9th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.03). Sharecare had a negative net margin of 33.64% and a negative return on equity of 22.81%. The company had revenue of $94.27 million for the quarter, compared to analyst estimates of $90.16 million. As a group, equities analysts anticipate that Sharecare, Inc. will post -0.24 earnings per share for the current year.

Insider Buying and Selling at Sharecare

In related news, insider Jeffrey T. Arnold sold 177,085 shares of the company's stock in a transaction dated 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 29.27% of the company's stock.

Institutional Trading of Sharecare

Several hedge funds have recently bought and sold shares of the stock. Truist Financial Corp bought a new stake in shares of Sharecare during the 4th quarter worth about $29,000. Bfsg LLC increased its stake in Sharecare by 115.1% in the first quarter. Bfsg LLC now owns 82,230 shares of the company's stock valued at $63,000 after acquiring an additional 44,000 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Sharecare by 47.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 635,288 shares of the company's stock worth $488,000 after buying an additional 203,843 shares during the last quarter. StoneX Group Inc. acquired a new position in Sharecare during the first quarter worth about $102,000. Finally, Private Management Group Inc. lifted its stake in Sharecare by 127.4% in the 1st quarter. Private Management Group Inc. now owns 9,284,572 shares of the company's stock valued at $7,126,000 after purchasing an additional 5,201,296 shares during the last quarter. 35.08% of the stock is currently owned by institutional investors and hedge funds.

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.