Care.com Inc (NYSE:CRCM) CFO Michael Echenberg sold 1,500 shares of the company’s stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $19.12, for a total transaction of $28,680.00. Following the completion of the transaction, the chief financial officer now owns 16,383 shares of the company’s stock, valued at approximately $313,242.96. The sale was disclosed in a filing with the SEC, which is available at this link.
Michael Echenberg also recently made the following trade(s):
- On Tuesday, December 12th, Michael Echenberg sold 8,197 shares of Care.com stock. The shares were sold at an average price of $18.01, for a total transaction of $147,627.97.
- On Friday, November 10th, Michael Echenberg sold 11,500 shares of Care.com stock. The shares were sold at an average price of $17.92, for a total transaction of $206,080.00.
- On Tuesday, October 17th, Michael Echenberg sold 5,613 shares of Care.com stock. The shares were sold at an average price of $16.14, for a total transaction of $90,593.82.
Shares of Care.com Inc (NYSE:CRCM) traded down $0.10 during trading hours on Friday, reaching $19.16. 137,511 shares of the company were exchanged, compared to its average volume of 230,327. The firm has a market cap of $579.41, a PE ratio of 127.74, a P/E/G ratio of 2.85 and a beta of 1.05. Care.com Inc has a 12-month low of $8.05 and a 12-month high of $20.88.
Care.com (NYSE:CRCM) last issued its quarterly earnings results on Thursday, November 2nd. The information services provider reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.10. The firm had revenue of $44.50 million during the quarter, compared to analysts’ expectations of $44.22 million. Care.com had a net margin of 4.46% and a return on equity of 17.27%. Care.com’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.02 EPS. sell-side analysts predict that Care.com Inc will post 0.31 EPS for the current year.
Several research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Care.com from a “buy” rating to a “hold” rating in a report on Thursday, October 19th. BidaskClub upgraded shares of Care.com from a “strong sell” rating to a “sell” rating in a report on Thursday, September 28th. TheStreet upgraded shares of Care.com from a “c” rating to a “b-” rating in a report on Friday, November 17th. Finally, Roth Capital upgraded shares of Care.com from a “neutral” rating to a “buy” rating and upped their target price for the company from $14.00 to $18.00 in a report on Thursday, November 2nd. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $17.67.
A number of large investors have recently modified their holdings of CRCM. Lord Abbett & CO. LLC acquired a new stake in Care.com during the 2nd quarter worth $10,313,000. Janus Henderson Group PLC acquired a new stake in Care.com during the 2nd quarter worth $7,371,000. Foundry Partners LLC acquired a new stake in Care.com during the 3rd quarter worth $2,700,000. Renaissance Technologies LLC boosted its stake in Care.com by 17.3% during the 2nd quarter. Renaissance Technologies LLC now owns 1,014,600 shares of the information services provider’s stock worth $15,320,000 after purchasing an additional 149,300 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in Care.com by 240.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 151,096 shares of the information services provider’s stock worth $2,281,000 after purchasing an additional 106,676 shares during the period. Hedge funds and other institutional investors own 74.29% of the company’s stock.
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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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