Sharecare, Inc. (NASDAQ:SHCR - Get Free Report) saw strong trading volume on Friday . 2,665,170 shares traded hands during mid-day trading, an increase of 1% from the previous session's volume of 2,632,994 shares.The stock last traded at $1.41 and had previously closed at $1.40.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on SHCR shares. Morgan Stanley upped their target price on Sharecare from $1.00 to $1.43 and gave the company an "equal weight" rating in a research report on Monday, June 24th. Canaccord Genuity Group cut Sharecare from a "strong-buy" rating to a "hold" rating in a research report on Friday, June 21st. Finally, Canaccord Genuity Group reaffirmed 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.
Read Our Latest Stock Analysis on Sharecare
Sharecare Stock Performance
The business has a 50-day simple moving average of $1.38 and a two-hundred day simple moving average of $1.04. The company has a market capitalization of $507.37 million, a price-to-earnings ratio of -3.78 and a beta of 0.50.
Sharecare (NASDAQ:SHCR - Get Free Report) last issued its earnings results on Friday, August 9th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.03). The business 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%. Research analysts predict that Sharecare, Inc. will post -0.24 EPS for the current fiscal year.
Insider Activity at Sharecare
In related news, insider Jeffrey T. Arnold sold 177,085 shares of the firm's stock in a transaction that occurred 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 approximately $6,610,760.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 29.27% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Sharecare
Hedge funds have recently bought and sold shares of the company. Millennium Management LLC increased its position in 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 buying an additional 6,046,044 shares in the last quarter. Private Management Group Inc. increased its position in Sharecare by 127.4% during the first quarter. Private Management Group Inc. now owns 9,284,572 shares of the company's stock worth $7,126,000 after buying an additional 5,201,296 shares in the last quarter. Squarepoint Ops LLC increased its position in Sharecare by 7,841.4% during the second quarter. Squarepoint Ops LLC now owns 2,511,468 shares of the company's stock worth $3,390,000 after buying an additional 2,479,843 shares in the last quarter. Gabelli Funds LLC purchased a new position in Sharecare during the second quarter worth $892,000. Finally, Sagefield Capital LP purchased a new position in Sharecare during the second quarter worth $814,000. 35.08% of the stock is owned by hedge funds and other institutional investors.
Sharecare Company Profile
(
Get Free Report)
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.
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