Wolverine Asset Management LLC Grows Holdings in Sharecare, Inc. (NASDAQ:SHCR)

Wolverine Asset Management LLC increased its position in shares of Sharecare, Inc. (NASDAQ:SHCR - Free Report) by 17,847.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 550,463 shares of the company's stock after purchasing an additional 547,396 shares during the period. Wolverine Asset Management LLC owned approximately 0.15% of Sharecare worth $743,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Panagora Asset Management Inc. acquired a new stake in shares of Sharecare in the 2nd quarter valued at $56,000. Bfsg LLC raised its holdings in shares of Sharecare by 16.1% during the second quarter. Bfsg LLC now owns 95,500 shares of the company's stock valued at $129,000 after purchasing an additional 13,270 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Sharecare by 22.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 290,987 shares of the company's stock worth $224,000 after acquiring an additional 54,142 shares in the last quarter. Alpine Global Management LLC acquired a new stake in Sharecare in the 1st quarter valued at $83,000. Finally, Vanguard Group Inc. increased its position in shares of Sharecare by 1.1% during the first quarter. Vanguard Group Inc. now owns 17,151,060 shares of the company's stock worth $13,163,000 after acquiring an additional 189,029 shares in the last quarter. 35.08% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on SHCR shares. 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 report on Friday, June 21st. Morgan Stanley upped their target price 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 downgraded shares of Sharecare from a "strong-buy" rating to a "hold" rating in a research note on Friday, June 21st.

Sharecare Price Performance

SHCR remained flat at $1.40 during mid-day trading on Friday. 4,083,336 shares of the company's stock were exchanged, compared to its average volume of 2,641,239. The stock's 50-day moving average is $1.38 and its two-hundred day moving average is $1.04. The firm has a market cap of $507.37 million, a PE ratio of -3.78 and a beta of 0.50. Sharecare, Inc. has a 1-year low of $0.48 and a 1-year high of $1.41.

Sharecare (NASDAQ:SHCR - Get Free Report) last issued 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). The firm had revenue of $94.27 million for the quarter, compared to analysts' expectations of $90.16 million. Sharecare had a negative return on equity of 22.81% and a negative net margin of 33.64%. On average, research analysts forecast that Sharecare, Inc. will post -0.24 earnings per share for the current year.

Insider Activity

In related news, insider Jeffrey T. Arnold sold 177,085 shares of Sharecare 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 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 29.27% of the company's stock.

Sharecare 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.