108,445 Shares in Sharecare, Inc. (NASDAQ:SHCR) Acquired by Alpine Global Management LLC

Alpine Global Management LLC acquired a new stake in Sharecare, Inc. (NASDAQ:SHCR) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 108,445 shares of the company’s stock, valued at approximately $83,000.

Other institutional investors have also added to or reduced their stakes in the company. Truist Financial Corp bought a new stake in shares of Sharecare during the 4th quarter valued at approximately $29,000. Bfsg LLC acquired a new position in Sharecare in the 4th quarter worth about $41,000. Tower Research Capital LLC TRC raised its position 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 purchasing an additional 23,129 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Sharecare during the fourth quarter valued at about $76,000. Finally, StoneX Group Inc. bought a new stake in shares of Sharecare during the first quarter worth about $102,000. 35.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SHCR has been the subject of a number of research reports. Morgan Stanley raised their price objective on shares of Sharecare from $1.00 to $1.43 and gave the company an “equal weight” rating in a report on Monday, June 24th. Canaccord Genuity Group cut shares of Sharecare from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 21st. BTIG Research lowered Sharecare from a “buy” rating to a “neutral” rating in a research report on Monday, April 1st. Finally, Canaccord Genuity Group reiterated a “hold” rating and issued a $1.43 price target (down previously from $2.00) on shares of Sharecare in a research report on Friday, June 21st.

Sharecare Price Performance

SHCR stock remained flat at $1.38 during midday trading on Friday. 977,156 shares of the company traded hands, compared to its average volume of 4,626,816. The company’s fifty day moving average price is $1.11 and its two-hundred day moving average price is $0.97. Sharecare, Inc. has a 1-year low of $0.48 and a 1-year high of $1.41.

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

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.