Sharecare (NASDAQ:SHCR) Sees Unusually-High Trading Volume – Here’s What Happened

Sharecare, Inc. (NASDAQ:SHCR) saw unusually-strong trading volume on Tuesday . Approximately 2,461,485 shares were traded during trading, a decline of 2% from the previous session’s volume of 2,513,661 shares.The stock last traded at $1.43 and had previously closed at $1.43.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on SHCR shares. Morgan Stanley increased their target price on Sharecare from $1.00 to $1.43 and gave the stock an “equal weight” rating in a research report on Monday, June 24th. Canaccord Genuity Group restated a “hold” rating and set a $1.43 price target (down from $2.00) on shares of Sharecare in a research note on Friday, June 21st. Finally, Canaccord Genuity Group lowered Sharecare from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 21st.

Sharecare Price Performance

The company has a market capitalization of $518.25 million, a price-to-earnings ratio of -3.86 and a beta of 0.51. The company has a 50 day simple moving average of $1.40 and a 200 day simple moving average of $1.13.

Sharecare (NASDAQ:SHCR) last announced its quarterly earnings results on Friday, August 9th. The company reported ($0.09) 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 analyst estimates 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 EPS for the current fiscal year.

Insider Activity

In other news, insider Jeffrey T. Arnold sold 177,085 shares of the stock in a transaction dated 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 sale, the insider now owns 4,790,406 shares in the company, valued at approximately $6,610,760.28. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 29.27% of the company’s stock.

Institutional Investors Weigh In On Sharecare

A number of large investors have recently modified their holdings of SHCR. DRW Securities LLC acquired a new stake in shares of Sharecare in the second quarter valued at about $38,000. Vanguard Personalized Indexing Management LLC acquired a new stake in Sharecare during the 2nd quarter valued at approximately $42,000. XTX Topco Ltd acquired a new stake in Sharecare during the 2nd quarter valued at approximately $42,000. Panagora Asset Management Inc. acquired a new stake in Sharecare during the 2nd quarter valued at approximately $56,000. Finally, Point72 DIFC Ltd acquired a new stake in Sharecare during the 2nd quarter valued at approximately $60,000. Institutional investors and hedge funds own 35.08% of the company’s stock.

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.