Sharecare (NASDAQ:SHCR) Sets New 12-Month High – Time to Buy?

Sharecare, Inc. (NASDAQ:SHCR)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $1.44 and last traded at $1.43, with a volume of 2798454 shares trading hands. The stock had previously closed at $1.44.

Sharecare Price Performance

The company has a market cap of $518.25 million, a P/E ratio of -3.86 and a beta of 0.51. The business has a fifty day moving average of $1.41 and a 200 day moving average of $1.16.

Sharecare (NASDAQ:SHCR) last posted its quarterly earnings data 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). Sharecare had a negative return on equity of 22.81% and a negative net margin of 33.64%. The firm had revenue of $94.27 million during the quarter, compared to the consensus estimate of $90.16 million. On average, sell-side analysts anticipate that Sharecare, Inc. will post -0.24 EPS for the current fiscal year.

Insider Transactions at Sharecare

In other news, insider Jeffrey T. Arnold sold 177,085 shares of the stock in a transaction 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 sale, the insider now directly owns 4,790,406 shares of the company’s stock, valued at approximately $6,610,760.28. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 29.27% of the company’s stock.

Institutional Investors Weigh In On Sharecare

Large investors have recently bought and sold shares of the business. Millennium Management LLC grew its stake in shares of Sharecare by 12,938.8% during the 2nd quarter. Millennium Management LLC now owns 6,092,772 shares of the company’s stock valued at $8,225,000 after purchasing an additional 6,046,044 shares during the period. Private Management Group Inc. grew its stake in shares of Sharecare by 127.4% during the 1st quarter. Private Management Group Inc. now owns 9,284,572 shares of the company’s stock valued at $7,126,000 after purchasing an additional 5,201,296 shares during the period. Squarepoint Ops LLC grew its stake in shares of Sharecare by 7,841.4% during the 2nd quarter. Squarepoint Ops LLC now owns 2,511,468 shares of the company’s stock valued at $3,390,000 after purchasing an additional 2,479,843 shares during the period. Gabelli Funds LLC bought a new stake in shares of Sharecare during the 2nd quarter valued at about $892,000. Finally, Sagefield Capital LP purchased a new position in shares of Sharecare during the 2nd quarter valued at about $814,000. 35.08% of the stock is currently owned by institutional investors.

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.