Care.com, Inc. (NYSE:CRCM) General Counsel Diane Musi sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $16.33, for a total value of $24,495.00. Following the completion of the transaction, the general counsel now directly owns 35,328 shares of the company’s stock, valued at approximately $576,906.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Diane Musi also recently made the following trade(s):
- On Wednesday, October 18th, Diane Musi sold 11,567 shares of Care.com stock. The shares were sold at an average price of $15.81, for a total value of $182,874.27.
- On Tuesday, September 12th, Diane Musi sold 3,018 shares of Care.com stock. The shares were sold at an average price of $14.56, for a total value of $43,942.08.
- On Tuesday, August 1st, Diane Musi sold 2,000 shares of Care.com stock. The shares were sold at an average price of $14.66, for a total value of $29,320.00.
Care.com, Inc. (NYSE CRCM) traded up 2.76% during midday trading on Friday, reaching $15.64. The company had a trading volume of 127,398 shares. Care.com, Inc. has a 12-month low of $7.51 and a 12-month high of $16.92. The stock has a market capitalization of $465.59 million, a PE ratio of 625.60 and a beta of 0.94. The company has a 50-day moving average of $15.35 and a 200-day moving average of $14.71.
Care.com (NYSE:CRCM) last issued its earnings results on Thursday, August 10th. The information services provider reported $0.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.15. Care.com had a return on equity of 10.98% and a net margin of 3.66%. The business had revenue of $42.00 million for the quarter, compared to analysts’ expectations of $41.34 million. During the same period in the previous year, the firm posted ($0.03) EPS. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, analysts predict that Care.com, Inc. will post $0.40 EPS for the current fiscal year.
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A number of research firms have issued reports on CRCM. Zacks Investment Research upgraded Care.com from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a report on Tuesday. BidaskClub cut Care.com from a “sell” rating to a “strong sell” rating in a report on Friday, September 22nd. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $15.00.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Strs Ohio lifted its holdings in Care.com by 8.6% in the third quarter. Strs Ohio now owns 44,400 shares of the information services provider’s stock valued at $705,000 after acquiring an additional 3,500 shares during the last quarter. Lord Abbett & CO. LLC acquired a new position in Care.com in the second quarter valued at approximately $10,313,000. The Manufacturers Life Insurance Company lifted its holdings in Care.com by 47.6% in the second quarter. The Manufacturers Life Insurance Company now owns 11,801 shares of the information services provider’s stock valued at $179,000 after acquiring an additional 3,805 shares during the last quarter. State Street Corp raised its position in Care.com by 5.5% in the second quarter. State Street Corp now owns 298,023 shares of the information services provider’s stock valued at $4,504,000 after purchasing an additional 15,490 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. raised its position in Care.com by 51.5% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 58,824 shares of the information services provider’s stock valued at $887,000 after purchasing an additional 20,000 shares during the period. Hedge funds and other institutional investors own 73.74% of the company’s stock.
Care.com, Inc is an online marketplace for finding and managing family care. As of December 31, 2016, the Company had 22.8 million members, including 12.9 million families and 9.9 million caregivers, spanning 19 countries. Its consumer matching solutions allow families to search for, qualify, vet, connect with and select caregivers.
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