Mirae Asset Global Investments Co. Ltd. Trims Stake in Sharecare, Inc. (NASDAQ:SHCR)

Mirae Asset Global Investments Co. Ltd. lowered its position in Sharecare, Inc. (NASDAQ:SHCR) by 37.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 431,445 shares of the company’s stock after selling 260,103 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.12% of Sharecare worth $466,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Harbor Capital Advisors Inc. increased its stake in Sharecare by 19.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 68,992 shares of the company’s stock worth $65,000 after buying an additional 11,112 shares during the period. Pennsylvania Capital Management Inc. ADV purchased a new position in Sharecare in the 3rd quarter worth about $6,252,000. Principal Financial Group Inc. increased its stake in Sharecare by 30.4% in the 3rd quarter. Principal Financial Group Inc. now owns 42,937 shares of the company’s stock worth $40,000 after buying an additional 9,999 shares during the period. Boston Partners increased its stake in Sharecare by 25.3% in the 3rd quarter. Boston Partners now owns 329,820 shares of the company’s stock worth $310,000 after buying an additional 66,554 shares during the period. Finally, Swiss National Bank increased its stake in Sharecare by 7.6% in the 3rd quarter. Swiss National Bank now owns 667,733 shares of the company’s stock worth $628,000 after buying an additional 47,200 shares during the period. Hedge funds and other institutional investors own 35.08% of the company’s stock.

Sharecare Price Performance

NASDAQ:SHCR opened at $0.81 on Friday. The firm has a market cap of $290.44 million, a price-to-earnings ratio of -2.19 and a beta of 0.26. The company has a 50 day moving average price of $0.85 and a 200-day moving average price of $0.98. Sharecare, Inc. has a 1-year low of $0.48 and a 1-year high of $1.80.

Sharecare (NASDAQ:SHCR) last posted its earnings results on Thursday, March 28th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.02). The firm had revenue of $105.28 million for the quarter, compared to analysts’ expectations of $113.88 million. Sharecare had a negative net margin of 28.86% and a negative return on equity of 17.11%. On average, sell-side analysts anticipate that Sharecare, Inc. will post -0.21 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on SHCR. BTIG Research lowered shares of Sharecare from a “buy” rating to a “neutral” rating in a research report on Monday, April 1st. Morgan Stanley reduced 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.

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 enhance their health and well-being.