California State Teachers Retirement System increased its stake in shares of Care.com Inc (NYSE:CRCM) by 127.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 47,835 shares of the information services provider’s stock after buying an additional 26,843 shares during the period. California State Teachers Retirement System’s holdings in Care.com were worth $863,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. JPMorgan Chase & Co. purchased a new position in shares of Care.com during the 3rd quarter worth approximately $1,457,000. Hamilton Lane Advisors LLC purchased a new position in shares of Care.com during the 4th quarter worth approximately $1,217,000. Teacher Retirement System of Texas purchased a new position in shares of Care.com during the 4th quarter worth approximately $3,549,000. Smith Asset Management Group LP purchased a new position in shares of Care.com during the 4th quarter worth approximately $1,052,000. Finally, Allianz Asset Management GmbH boosted its position in shares of Care.com by 5.8% during the 4th quarter. Allianz Asset Management GmbH now owns 137,440 shares of the information services provider’s stock worth $2,479,000 after purchasing an additional 7,515 shares during the period. 72.56% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have commented on CRCM. Zacks Investment Research cut shares of Care.com from a “hold” rating to a “sell” rating in a research report on Monday, March 5th. TheStreet cut shares of Care.com from a “b-” rating to a “c+” rating in a research report on Wednesday, February 7th. ValuEngine raised shares of Care.com from a “hold” rating to a “buy” rating in a research report on Tuesday, April 3rd. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $18.00 price target (up previously from $16.00) on shares of Care.com in a research report on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $19.00.
In other news, CTO David Krupinski sold 10,000 shares of Care.com stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $18.59, for a total transaction of $185,900.00. Following the completion of the sale, the chief technology officer now directly owns 186,108 shares of the company’s stock, valued at approximately $3,459,747.72. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, General Counsel Diane Musi sold 18,604 shares of Care.com stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $17.66, for a total transaction of $328,546.64. Following the sale, the general counsel now directly owns 40,406 shares of the company’s stock, valued at $713,569.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 138,425 shares of company stock valued at $2,501,019. Corporate insiders own 24.70% of the company’s stock.
Shares of CRCM stock opened at $15.92 on Friday. Care.com Inc has a 52 week low of $11.36 and a 52 week high of $20.88. The company has a market capitalization of $492.58, a price-to-earnings ratio of 58.96, a price-to-earnings-growth ratio of 3.03 and a beta of 1.03.
Care.com (NYSE:CRCM) last issued its quarterly earnings results on Tuesday, February 27th. The information services provider reported $0.11 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.11. Care.com had a net margin of 6.13% and a return on equity of 16.30%. The company had revenue of $44.22 million during the quarter, compared to analysts’ expectations of $44.02 million. During the same quarter last year, the company posted $0.20 EPS. The firm’s revenue was up 1.6% compared to the same quarter last year. equities research analysts forecast that Care.com Inc will post 0.36 earnings per share for the current fiscal year.
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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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