Mirae Asset Global Investments Co. Ltd. Sells 260,103 Shares of Sharecare, Inc. (NASDAQ:SHCR)

Mirae Asset Global Investments Co. Ltd. trimmed its stake in Sharecare, Inc. (NASDAQ:SHCR) by 37.6% during the fourth quarter, Holdings Channel reports. The fund owned 431,445 shares of the company’s stock after selling 260,103 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Sharecare were worth $466,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Pennsylvania Capital Management Inc. ADV bought a new position in shares of Sharecare in the 3rd quarter valued at approximately $6,252,000. WealthPlan Investment Management LLC increased its position in Sharecare by 1,307,971.1% in the 3rd quarter. WealthPlan Investment Management LLC now owns 1,177,264 shares of the company’s stock worth $1,107,000 after buying an additional 1,177,174 shares during the period. GSA Capital Partners LLP bought a new position in Sharecare in the 3rd quarter worth approximately $865,000. Swiss National Bank increased its position 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. Finally, Boston Partners increased its position 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. 35.08% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Sharecare Trading Up 9.0 %

SHCR opened at $0.81 on Friday. The stock has a market cap of $290.44 million, a PE ratio of -2.19 and a beta of 0.26. Sharecare, Inc. has a 1 year low of $0.48 and a 1 year high of $1.80. The stock’s 50 day simple moving average is $0.85 and its 200-day simple moving average is $0.98.

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

Sharecare 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.