Sharecare (NASDAQ:SHCR) Sets New 52-Week High at $1.41

Sharecare, Inc. (NASDAQ:SHCR)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $1.41 and last traded at $1.41, with a volume of 1407956 shares changing hands. The stock had previously closed at $1.40.

Analysts Set New Price Targets

Several research analysts have recently weighed in on SHCR shares. 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. 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. Finally, Canaccord Genuity Group lowered shares of Sharecare from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 21st.

Sharecare Stock Up 0.4 %

The firm has a 50-day moving average price of $1.38 and a two-hundred day moving average price of $1.04. The firm has a market cap of $509.19 million, a PE ratio of -3.78 and a beta of 0.50.

Sharecare (NASDAQ:SHCR) last announced its quarterly earnings data on Friday, August 9th. The company reported ($0.09) earnings per share 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 firm had revenue of $94.27 million during the quarter, compared to analysts’ expectations of $90.16 million. Research analysts forecast that Sharecare, Inc. will post -0.24 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Jeffrey T. Arnold sold 177,085 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $1.38, for a total transaction of $244,377.30. Following the transaction, the insider now owns 4,790,406 shares of the company’s stock, valued at approximately $6,610,760.28. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 29.27% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SHCR. Truist Financial Corp acquired a new position in shares of Sharecare in the 4th quarter valued at $29,000. DRW Securities LLC acquired a new position in Sharecare in the second quarter valued at about $38,000. Vanguard Personalized Indexing Management LLC purchased a new position in Sharecare during the second quarter worth about $42,000. XTX Topco Ltd purchased a new position in Sharecare during the second quarter worth about $42,000. Finally, Panagora Asset Management Inc. acquired a new stake in shares of Sharecare during the second quarter valued at about $56,000. 35.08% of the stock is currently owned by hedge funds and other 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.