Smith Asset Management Group LP grew its stake in shares of Care.com Inc (NYSE:CRCM) by 3.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,760 shares of the information services provider’s stock after acquiring an additional 3,160 shares during the period. Smith Asset Management Group LP owned about 0.30% of Care.com worth $2,073,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Bessemer Group Inc. grew its holdings in Care.com by 59.4% during the 2nd quarter. Bessemer Group Inc. now owns 11,000 shares of the information services provider’s stock worth $230,000 after acquiring an additional 4,100 shares in the last quarter. Jane Street Group LLC acquired a new position in Care.com during the 1st quarter worth $260,000. Rhumbline Advisers grew its holdings in Care.com by 53.9% during the 2nd quarter. Rhumbline Advisers now owns 19,291 shares of the information services provider’s stock worth $403,000 after acquiring an additional 6,758 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Care.com by 52.4% during the 1st quarter. Principal Financial Group Inc. now owns 22,367 shares of the information services provider’s stock worth $364,000 after acquiring an additional 7,694 shares in the last quarter. Finally, Engineers Gate Manager LP grew its holdings in Care.com by 182.2% during the 2nd quarter. Engineers Gate Manager LP now owns 30,459 shares of the information services provider’s stock worth $636,000 after acquiring an additional 19,665 shares in the last quarter. 79.22% of the stock is owned by institutional investors.
NYSE CRCM opened at $17.71 on Wednesday. Care.com Inc has a one year low of $15.14 and a one year high of $22.95. The stock has a market capitalization of $565.88 million, a PE ratio of 65.59, a price-to-earnings-growth ratio of 5.75 and a beta of 1.25.
CRCM has been the subject of several recent analyst reports. ValuEngine lowered shares of Care.com from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 11th. Craig Hallum set a $24.00 price target on shares of Care.com and gave the company a “buy” rating in a report on Tuesday, July 31st. Finally, Zacks Investment Research lowered shares of Care.com from a “hold” rating to a “sell” rating in a report on Friday, August 3rd. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $21.67.
In other news, insider David Krupinski sold 10,000 shares of Care.com stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $19.21, for a total value of $192,100.00. Following the completion of the transaction, the insider now directly owns 138,181 shares of the company’s stock, valued at approximately $2,654,457.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Sheila Lirio Marcelo sold 64,925 shares of Care.com stock in a transaction dated Tuesday, October 9th. The shares were sold at an average price of $21.32, for a total transaction of $1,384,201.00. Following the completion of the transaction, the insider now directly owns 1,089,633 shares of the company’s stock, valued at $23,230,975.56. The disclosure for this sale can be found here. Insiders sold a total of 209,719 shares of company stock valued at $4,343,406 over the last ninety days. Company insiders own 30.90% of the company’s stock.
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Care.com, Inc operates an online marketplace for finding and managing family care in the United States and internationally. The company helps families to address their lifecycle of care needs, including child care, senior care, and special needs care, as well as other non-medical family care needs, such as pet care, tutoring, and housekeeping; and enables caregivers to find full-time and part-time employment opportunities.
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