Point72 DIFC Ltd Invests $60,000 in Sharecare, Inc. (NASDAQ:SHCR)

Point72 DIFC Ltd purchased a new stake in Sharecare, Inc. (NASDAQ:SHCR) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 44,088 shares of the company’s stock, valued at approximately $60,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Sharecare by 47.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 635,288 shares of the company’s stock worth $488,000 after purchasing an additional 203,843 shares in the last quarter. StoneX Group Inc. bought a new position in Sharecare in the 1st quarter valued at $102,000. Private Management Group Inc. increased its stake in shares of Sharecare by 127.4% in the 1st quarter. Private Management Group Inc. now owns 9,284,572 shares of the company’s stock valued at $7,126,000 after buying an additional 5,201,296 shares during the period. Vanguard Group Inc. raised its position in shares of Sharecare by 1.1% during the first quarter. Vanguard Group Inc. now owns 17,151,060 shares of the company’s stock worth $13,163,000 after acquiring an additional 189,029 shares during the last quarter. Finally, Alpine Global Management LLC acquired a new position in shares of Sharecare during the first quarter valued at $83,000. Institutional investors and hedge funds own 35.08% of the company’s stock.

Insider Transactions at Sharecare

In related 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 sale, the insider now owns 4,790,406 shares of the company’s stock, valued at approximately $6,610,760.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 29.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on SHCR shares. Canaccord Genuity Group lowered Sharecare from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 21st. Morgan Stanley boosted their price target on shares of 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 price objective (down from $2.00) on shares of Sharecare in a report on Friday, June 21st.

Sharecare Trading Down 0.7 %

NASDAQ:SHCR opened at $1.41 on Friday. Sharecare, Inc. has a 1-year low of $0.48 and a 1-year high of $1.42. The firm has a market capitalization of $511.00 million, a price-to-earnings ratio of -3.81 and a beta of 0.50. The business’s 50-day moving average price is $1.39 and its two-hundred day moving average price is $1.09.

Sharecare (NASDAQ:SHCR) last released its quarterly earnings data on Friday, August 9th. The company reported ($0.09) earnings per share 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 the consensus estimate of $90.16 million. Sharecare had a negative return on equity of 22.81% and a negative net margin of 33.64%. Sell-side analysts predict that Sharecare, Inc. will post -0.24 earnings per share for the current year.

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.