Sharecare, Inc. (NASDAQ:SHCR) Short Interest Down 46.1% in July

Sharecare, Inc. (NASDAQ:SHCR) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totalling 7,030,000 shares, a decrease of 46.1% from the June 30th total of 13,040,000 shares. Currently, 2.4% of the company’s shares are short sold. Based on an average trading volume of 4,180,000 shares, the days-to-cover ratio is currently 1.7 days.

Sharecare Price Performance

Shares of NASDAQ:SHCR remained flat at $1.38 on Friday. 775,314 shares of the stock traded hands, compared to its average volume of 2,765,136. The firm’s 50 day moving average price is $1.11 and its 200 day moving average price is $0.97. Sharecare has a one year low of $0.48 and a one year high of $1.41. The stock has a market capitalization of $500.13 million, a price-to-earnings ratio of -3.73 and a beta of 0.50.

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

Institutional Trading of Sharecare

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Truist Financial Corp bought a new stake in Sharecare in the fourth quarter valued at about $29,000. Mirae Asset Global Investments Co. Ltd. increased its stake in Sharecare by 47.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 635,288 shares of the company’s stock valued at $488,000 after acquiring an additional 203,843 shares during the period. Private Management Group Inc. bought a new stake in Sharecare in the fourth quarter valued at about $4,410,000. Public Employees Retirement System of Ohio bought a new stake in Sharecare in the fourth quarter valued at about $76,000. Finally, Tower Research Capital LLC TRC increased its stake 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 acquiring an additional 23,129 shares during the period. Institutional investors own 35.08% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on SHCR. Canaccord Genuity Group reissued a “hold” rating and set a $1.43 target price (down previously from $2.00) on shares of Sharecare in a research note 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. Canaccord Genuity Group lowered shares of Sharecare from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 21st. Finally, Morgan Stanley boosted their target price on shares of Sharecare from $1.00 to $1.43 and gave the stock an “equal weight” rating in a research report on Monday, June 24th.

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.