BidaskClub downgraded shares of Care.com, Inc. (NYSE:CRCM) from a buy rating to a hold rating in a research report sent to investors on Wednesday, October 18th.
Other analysts have also recently issued reports about the company. Stifel Nicolaus upped their target price on Care.com from $12.00 to $14.00 and gave the company a buy rating in a report on Friday, August 11th. Roth Capital set a $14.00 price target on Care.com and gave the stock a hold rating in a report on Thursday, August 10th. Finally, Zacks Investment Research cut Care.com from a buy rating to a hold rating in a report on Thursday, July 13th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Care.com has an average rating of Hold and a consensus price target of $15.00.
Care.com (NYSE CRCM) traded up 2.76% during midday trading on Wednesday, reaching $15.64. 127,398 shares of the company traded hands. Care.com 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 price-to-earnings ratio of 625.60 and a beta of 0.94. The firm has a 50 day moving average of $15.39 and a 200-day moving average of $14.74.
Care.com (NYSE:CRCM) last released its quarterly 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. The company had revenue of $42.00 million for the quarter, compared to analysts’ expectations of $41.34 million. Care.com had a return on equity of 10.98% and a net margin of 3.66%. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.03) earnings per share. Analysts forecast that Care.com will post $0.40 EPS for the current fiscal year.
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In other Care.com news, insider Sheila Lirio Marcelo sold 5,000 shares of the company’s stock in a transaction on Tuesday, October 17th. The stock was sold at an average price of $16.18, for a total value of $80,900.00. Following the completion of the transaction, the insider now owns 952,273 shares in the company, valued at approximately $15,407,777.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David Krupinski sold 20,000 shares of the company’s stock in a transaction on Monday, October 9th. The shares were sold at an average price of $16.24, for a total value of $324,800.00. The disclosure for this sale can be found here. Insiders sold a total of 62,178 shares of company stock valued at $973,576 over the last three months. 24.70% of the stock is currently owned by insiders.
Several hedge funds have recently bought and sold shares of the company. American International Group Inc. grew its stake in shares of Care.com by 6.3% during the 1st quarter. American International Group Inc. now owns 9,782 shares of the information services provider’s stock worth $122,000 after acquiring an additional 583 shares during the period. Wells Fargo & Company MN grew its stake in shares of Care.com by 13.8% during the 2nd quarter. Wells Fargo & Company MN now owns 11,711 shares of the information services provider’s stock worth $176,000 after acquiring an additional 1,420 shares during the period. Teachers Advisors LLC grew its stake in shares of Care.com by 2.3% during the 2nd quarter. Teachers Advisors LLC now owns 87,415 shares of the information services provider’s stock worth $1,320,000 after acquiring an additional 1,929 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Care.com by 3.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 75,513 shares of the information services provider’s stock worth $1,140,000 after acquiring an additional 2,491 shares during the period. Finally, UBS Group AG grew its stake in shares of Care.com by 9.0% during the 1st quarter. UBS Group AG now owns 37,460 shares of the information services provider’s stock worth $469,000 after acquiring an additional 3,080 shares during the period. 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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