Tower Research Capital LLC TRC Grows Position in Sharecare, Inc. (NASDAQ:SHCR)

Tower Research Capital LLC TRC grew its holdings in Sharecare, Inc. (NASDAQ:SHCR) by 130.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,806 shares of the company’s stock after acquiring an additional 23,129 shares during the period. Tower Research Capital LLC TRC’s holdings in Sharecare were worth $44,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in SHCR. Cadent Capital Advisors LLC purchased a new stake in shares of Sharecare in the 4th quarter valued at $25,000. Truist Financial Corp purchased a new stake in shares of Sharecare in the 4th quarter valued at $29,000. Principal Financial Group Inc. boosted its holdings in shares of Sharecare by 30.4% in the 3rd quarter. Principal Financial Group Inc. now owns 42,937 shares of the company’s stock valued at $40,000 after acquiring an additional 9,999 shares during the last quarter. Bfsg LLC purchased a new stake in shares of Sharecare in the 4th quarter valued at $41,000. Finally, Pathstone Family Office LLC purchased a new stake in shares of Sharecare in the 3rd quarter valued at $64,000. 35.08% of the stock is owned by hedge funds and other institutional investors.

Sharecare Stock Performance

Shares of SHCR traded up $0.02 during trading hours on Thursday, hitting $0.74. The stock had a trading volume of 2,029,072 shares, compared to its average volume of 1,641,940. The firm has a 50-day moving average price of $0.83 and a 200 day moving average price of $0.97. Sharecare, Inc. has a fifty-two week low of $0.48 and a fifty-two week high of $1.80. The firm has a market capitalization of $268.86 million, a price-to-earnings ratio of -1.97 and a beta of 0.26.

Sharecare (NASDAQ:SHCR) last posted its earnings results on Thursday, March 28th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $105.28 million during the quarter, compared to analyst estimates of $113.88 million. As a group, analysts predict that Sharecare, Inc. will post -0.21 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Morgan Stanley dropped their price objective on shares of Sharecare from $1.50 to $1.00 and set an “equal weight” rating on the stock in a report on Monday, April 15th. BTIG Research cut shares of Sharecare from a “buy” rating to a “neutral” rating in a research note on Monday, April 1st.

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.