Hsbc Holdings PLC Grows Holdings in Sharecare, Inc. (NASDAQ:SHCR)

Hsbc Holdings PLC grew its stake in Sharecare, Inc. (NASDAQ:SHCR) by 46.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 215,216 shares of the company’s stock after purchasing an additional 68,246 shares during the quarter. Hsbc Holdings PLC owned approximately 0.06% of Sharecare worth $296,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its position in Sharecare by 1.1% in the first quarter. Vanguard Group Inc. now owns 17,151,060 shares of the company’s stock valued at $13,163,000 after buying an additional 189,029 shares during the last quarter. Private Management Group Inc. raised its position in Sharecare by 12.1% in the second quarter. Private Management Group Inc. now owns 10,408,903 shares of the company’s stock valued at $14,052,000 after purchasing an additional 1,124,331 shares during the period. Renaissance Technologies LLC lifted its stake in Sharecare by 26.4% during the second quarter. Renaissance Technologies LLC now owns 831,600 shares of the company’s stock worth $1,123,000 after purchasing an additional 173,800 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in 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. Finally, Wolverine Asset Management LLC boosted its position in shares of Sharecare by 17,847.9% during the second quarter. Wolverine Asset Management LLC now owns 550,463 shares of the company’s stock worth $743,000 after buying an additional 547,396 shares during the period. Institutional investors and hedge funds own 35.08% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on SHCR shares. Canaccord Genuity Group cut shares of Sharecare from a “strong-buy” rating to a “hold” rating in a report on Friday, June 21st. Morgan Stanley raised their price objective on Sharecare from $1.00 to $1.43 and gave the stock an “equal weight” rating in a report on Monday, June 24th. Finally, Canaccord Genuity Group reiterated a “hold” rating and set a $1.43 target price (down previously from $2.00) on shares of Sharecare in a research report on Friday, June 21st.

Sharecare Price Performance

Shares of SHCR stock opened at $1.42 on Friday. The firm has a market capitalization of $514.62 million, a PE ratio of -3.84 and a beta of 0.51. Sharecare, Inc. has a 1-year low of $0.48 and a 1-year high of $1.43. The business’s fifty day moving average price is $1.39 and its 200 day moving average price is $1.10.

Sharecare (NASDAQ:SHCR) last issued its quarterly earnings results 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 business had revenue of $94.27 million during the quarter, compared to analyst estimates of $90.16 million. Equities research analysts expect that Sharecare, Inc. will post -0.24 earnings per share for the current fiscal year.

Insider Activity at Sharecare

In related news, insider Jeffrey T. Arnold sold 177,085 shares of Sharecare stock in a transaction on Friday, August 16th. The shares were sold at an average price of $1.38, for a total value of $244,377.30. Following the completion of the sale, the insider now owns 4,790,406 shares in the company, valued at $6,610,760.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 29.27% of the stock is owned by insiders.

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.