Sharecare, Inc. (NASDAQ:SHCR – Get Free Report) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totalling 3,670,000 shares, an increase of 24.0% from the August 15th total of 2,960,000 shares. Based on an average daily volume of 4,060,000 shares, the days-to-cover ratio is presently 0.9 days. Currently, 1.2% of the company’s stock are short sold.
Sharecare Stock Performance
Shares of SHCR stock traded up $0.01 on Monday, reaching $1.41. The stock had a trading volume of 77,318 shares, compared to its average volume of 2,585,818. The stock has a market cap of $509.19 million, a P/E ratio of -3.78 and a beta of 0.50. Sharecare has a 1 year low of $0.48 and a 1 year high of $1.41. The company has a 50 day simple moving average of $1.38 and a 200 day simple moving average of $1.05.
Sharecare (NASDAQ:SHCR – Get Free Report) last released 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 business had revenue of $94.27 million for the quarter, compared to analysts’ expectations of $90.16 million. Sharecare had a negative net margin of 33.64% and a negative return on equity of 22.81%. On average, equities research analysts anticipate that Sharecare will post -0.24 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Check Out Our Latest Report on SHCR
Insider Transactions at Sharecare
In other news, insider Jeffrey T. Arnold sold 177,085 shares of the firm’s stock in a transaction on 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 transaction, the insider now directly owns 4,790,406 shares in the company, valued at $6,610,760.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 29.27% of the company’s stock.
Institutional Investors Weigh In On Sharecare
Hedge funds and other institutional investors have recently modified their holdings of the stock. DRW Securities LLC bought a new stake in Sharecare during the second quarter valued at about $38,000. Truist Financial Corp bought a new position in shares of Sharecare during the 4th quarter valued at approximately $29,000. Vanguard Personalized Indexing Management LLC purchased a new stake in Sharecare in the 2nd quarter worth approximately $42,000. XTX Topco Ltd bought a new stake in Sharecare during the 2nd quarter worth approximately $42,000. Finally, Panagora Asset Management Inc. purchased a new position in Sharecare during the second quarter valued at approximately $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.
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