Private Management Group Inc. Invests $4.41 Million in Sharecare, Inc. (NASDAQ:SHCR)

Private Management Group Inc. acquired a new position in shares of Sharecare, Inc. (NASDAQ:SHCR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 4,083,276 shares of the company's stock, valued at approximately $4,410,000. Private Management Group Inc. owned approximately 1.16% of Sharecare at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. GSA Capital Partners LLP purchased a new stake in Sharecare during the third quarter worth about $865,000. Pathstone Family Office LLC acquired a new position in Sharecare during the third quarter worth about $64,000. Swiss National Bank raised its position in Sharecare by 7.6% during the third quarter. Swiss National Bank now owns 667,733 shares of the company's stock worth $628,000 after acquiring an additional 47,200 shares during the last quarter. Pennsylvania Capital Management Inc. ADV acquired a new position in Sharecare during the third quarter worth about $6,252,000. Finally, WealthPlan Investment Management LLC raised its position in Sharecare by 1,307,971.1% during the third quarter. WealthPlan Investment Management LLC now owns 1,177,264 shares of the company's stock worth $1,107,000 after acquiring an additional 1,177,174 shares during the last quarter. Hedge funds and other institutional investors own 35.08% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on SHCR shares. BTIG Research lowered shares of Sharecare from a "buy" rating to a "neutral" rating in a research report on Monday, April 1st. Morgan Stanley dropped their price target on shares of Sharecare from $1.50 to $1.00 and set an "equal weight" rating for the company in a research report on Monday, April 15th.

Sharecare Stock Performance

Shares of SHCR stock traded up $0.04 on Wednesday, hitting $0.77. The stock had a trading volume of 2,374,819 shares, compared to its average volume of 1,630,507. The firm has a market capitalization of $276.85 million, a price-to-earnings ratio of -2.09 and a beta of 0.26. The stock's 50 day moving average is $0.86 and its 200-day moving average is $0.98. Sharecare, Inc. has a 52-week low of $0.48 and a 52-week high of $1.80.

Sharecare (NASDAQ:SHCR - Get Free Report) last posted its quarterly earnings data on Thursday, March 28th. The company reported ($0.06) EPS for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.02). Sharecare had a negative net margin of 28.86% and a negative return on equity of 17.11%. The company had revenue of $105.28 million for the quarter, compared to the consensus estimate of $113.88 million. Equities analysts expect that Sharecare, Inc. will post -0.21 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 enhance their health and well-being.