Sharecare (NASDAQ:SHCR) Sets New 12-Month High - Here's What Happened

Sharecare, Inc. (NASDAQ:SHCR - Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as $1.43 and last traded at $1.43, with a volume of 231518 shares traded. The stock had previously closed at $1.42.

Wall Street Analysts Forecast Growth

SHCR has been the topic of several recent analyst reports. Morgan Stanley increased their price target on Sharecare from $1.00 to $1.43 and gave the stock an "equal weight" rating in a report 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 report on Friday, June 21st.

Sharecare Stock Performance

The company has a fifty day simple moving average of $1.40 and a two-hundred day simple moving average of $1.12. The firm has a market capitalization of $518.25 million, a PE ratio of -3.86 and a beta of 0.51.

Sharecare (NASDAQ:SHCR - Get Free Report) last posted its earnings results on Friday, August 9th. The company reported ($0.09) EPS for the quarter, missing analysts' consensus estimates 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 business had revenue of $94.27 million for the quarter, compared to analysts' expectations of $90.16 million. On average, equities analysts anticipate that Sharecare, Inc. will post -0.24 earnings per share for the current fiscal year.

Insider Transactions at Sharecare

In other news, insider Jeffrey T. Arnold sold 177,085 shares of Sharecare 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 transaction, the insider now owns 4,790,406 shares of the company's stock, valued at $6,610,760.28. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 29.27% of the company's stock.

Institutional Trading of Sharecare

A number of institutional investors have recently bought and sold shares of SHCR. Private Management Group Inc. lifted its stake in shares of Sharecare by 12.1% during the second quarter. Private Management Group Inc. now owns 10,408,903 shares of the company's stock worth $14,052,000 after buying an additional 1,124,331 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in Sharecare by 47.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 635,288 shares of the company's stock valued at $488,000 after purchasing an additional 203,843 shares during the last quarter. Squarepoint Ops LLC increased its holdings in shares of Sharecare by 7,841.4% in the second quarter. Squarepoint Ops LLC now owns 2,511,468 shares of the company's stock valued at $3,390,000 after purchasing an additional 2,479,843 shares during the period. Vanguard Group Inc. raised its stake in shares of Sharecare by 1.1% in the first quarter. Vanguard Group Inc. now owns 17,151,060 shares of the company's stock worth $13,163,000 after purchasing an additional 189,029 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of Sharecare by 12,938.8% during the second quarter. Millennium Management LLC now owns 6,092,772 shares of the company's stock worth $8,225,000 after purchasing an additional 6,046,044 shares during the period. 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.