Alpine Global Management LLC Invests $83,000 in Sharecare, Inc. (NASDAQ:SHCR)

Alpine Global Management LLC purchased a new stake in shares of Sharecare, Inc. (NASDAQ:SHCR) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 108,445 shares of the company’s stock, valued at approximately $83,000.

Other large investors also recently bought and sold shares of the company. Private Management Group Inc. purchased a new stake in shares of Sharecare during the 4th quarter worth about $4,410,000. Bfsg LLC acquired a new position in Sharecare in the 4th quarter worth about $41,000. Truist Financial Corp purchased a new position in Sharecare during the fourth quarter worth approximately $29,000. Tower Research Capital LLC TRC grew its holdings in Sharecare by 130.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 40,806 shares of the company’s stock valued at $44,000 after purchasing an additional 23,129 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Sharecare in the fourth quarter valued at approximately $76,000. 35.08% of the stock is owned by institutional investors and hedge funds.

Sharecare Stock Performance

SHCR stock remained flat at $1.38 during mid-day trading on Friday. 977,156 shares of the company’s stock were exchanged, compared to its average volume of 4,626,816. The company’s fifty day moving average price is $1.11 and its 200 day moving average price is $0.97. Sharecare, Inc. has a 12 month low of $0.48 and a 12 month high of $1.41.

Sharecare (NASDAQ:SHCR) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.04). The company had revenue of $90.86 million during the quarter, compared to analyst estimates of $103.80 million. Sharecare had a negative net margin of 30.71% and a negative return on equity of 19.78%. During the same period in the prior year, the business posted ($0.06) EPS. As a group, equities analysts forecast that Sharecare, Inc. will post -0.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Canaccord Genuity Group lowered shares of Sharecare from a “strong-buy” rating to a “hold” rating in a report on Friday, June 21st. BTIG Research lowered shares of Sharecare from a “buy” rating to a “neutral” rating in a research note on Monday, April 1st. Morgan Stanley boosted their price objective 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 restated a “hold” rating and issued a $1.43 target price (down previously from $2.00) on shares of Sharecare in a research report on Friday, June 21st.

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.