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

Sharecare, Inc. (NASDAQ:SHCR - Get Free Report) shares hit a new 52-week high on Monday . The stock traded as high as $1.44 and last traded at $1.43, with a volume of 2798454 shares trading hands. The stock had previously closed at $1.44.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley upped their price objective on shares of Sharecare from $1.00 to $1.43 and gave the stock an "equal weight" rating in a report on Monday, June 24th.

Sharecare Trading Down 0.3 %

The firm has a market cap of $518.25 million, a price-to-earnings ratio of -3.86 and a beta of 0.51. The firm has a 50-day moving average of $1.41 and a two-hundred day moving average of $1.15.

Sharecare (NASDAQ:SHCR - Get Free Report) last posted its quarterly earnings data on Friday, August 9th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.03). Sharecare had a negative return on equity of 22.81% and a negative net margin of 33.64%. The company had revenue of $94.27 million for the quarter, compared to the consensus estimate of $90.16 million. As a group, equities analysts anticipate 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 on 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 directly owns 4,790,406 shares of the company's stock, valued at $6,610,760.28. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 29.27% of the stock is owned by insiders.

Institutional Trading of Sharecare

Large investors have recently bought and sold shares of the stock. Skyline Advisors Inc. acquired a new position in Sharecare in the third quarter valued at about $171,000. Point72 DIFC Ltd bought a new position in Sharecare in the 2nd quarter valued at $60,000. Cubist Systematic Strategies LLC bought a new stake in shares of Sharecare during the second quarter worth $92,000. Millennium Management LLC raised its holdings in shares of Sharecare by 12,938.8% in the second quarter. Millennium Management LLC now owns 6,092,772 shares of the company's stock valued at $8,225,000 after buying an additional 6,046,044 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in Sharecare by 478.0% during the 2nd quarter. AQR Capital Management LLC now owns 94,883 shares of the company's stock worth $128,000 after buying an additional 78,466 shares in the last quarter. 35.08% of the stock is currently owned by institutional investors.

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.