Bfsg LLC Sells 23,500 Shares of Sharecare, Inc. (NASDAQ:SHCR)

Bfsg LLC cut its holdings in Sharecare, Inc. (NASDAQ:SHCR) by 24.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 72,000 shares of the company’s stock after selling 23,500 shares during the period. Bfsg LLC’s holdings in Sharecare were worth $102,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in SHCR. DRW Securities LLC bought a new position in Sharecare during the second quarter valued at about $38,000. Vanguard Personalized Indexing Management LLC bought a new position in Sharecare during the second quarter valued at about $42,000. XTX Topco Ltd bought a new position in Sharecare during the second quarter valued at about $42,000. Panagora Asset Management Inc. bought a new position in Sharecare during the second quarter valued at about $56,000. Finally, Point72 DIFC Ltd bought a new position in Sharecare during the second quarter valued at about $60,000. 35.08% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SHCR has been the topic of several research reports. Canaccord Genuity Group lowered Sharecare from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 21st. Morgan Stanley lifted their price objective on Sharecare from $1.00 to $1.43 and gave the company an “equal weight” rating in a report on Monday, June 24th. Finally, Canaccord Genuity Group reaffirmed a “hold” rating and set a $1.43 price objective (down from $2.00) on shares of Sharecare in a report on Friday, June 21st.

Sharecare Trading Up 0.3 %

NASDAQ SHCR opened at $1.44 on Friday. The stock’s 50 day moving average is $1.40 and its two-hundred day moving average is $1.14. The company has a market capitalization of $520.06 million, a price-to-earnings ratio of -3.88 and a beta of 0.51. Sharecare, Inc. has a 1-year low of $0.48 and a 1-year high of $1.44.

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 analysts’ consensus estimates of ($0.06) by ($0.03). The company had revenue of $94.27 million for the quarter, compared to analyst estimates of $90.16 million. Sharecare had a negative net margin of 33.64% and a negative return on equity of 22.81%. On average, analysts predict that Sharecare, Inc. will post -0.24 earnings per share for the current year.

Insider Transactions at Sharecare

In other news, insider Jeffrey T. Arnold sold 177,085 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now directly owns 4,790,406 shares of the company’s stock, valued at $6,610,760.28. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 29.27% of the stock is owned by company insiders.

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.