Macquarie Group Ltd. reduced its holdings in Care.com Inc (NYSE:CRCM) by 40.9% in the 4th quarter, HoldingsChannel reports. The fund owned 13,494 shares of the information services provider’s stock after selling 9,336 shares during the period. Macquarie Group Ltd.’s holdings in Care.com were worth $261,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Oppenheimer Asset Management Inc. purchased a new stake in Care.com in the 4th quarter worth about $31,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Care.com in the 4th quarter worth about $43,000. Great West Life Assurance Co. Can purchased a new stake in Care.com in the 4th quarter worth about $96,000. Metropolitan Life Insurance Co. NY lifted its stake in Care.com by 263.6% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 5,337 shares of the information services provider’s stock worth $103,000 after acquiring an additional 3,869 shares in the last quarter. Finally, MetLife Investment Advisors LLC lifted its stake in Care.com by 55.3% in the 3rd quarter. MetLife Investment Advisors LLC now owns 10,868 shares of the information services provider’s stock worth $240,000 after acquiring an additional 3,869 shares in the last quarter. 82.21% of the stock is owned by hedge funds and other institutional investors.
CRCM opened at $15.81 on Tuesday. Care.com Inc has a fifty-two week low of $15.14 and a fifty-two week high of $25.81. The stock has a market cap of $512.52 million, a PE ratio of 43.92, a PEG ratio of 5.18 and a beta of 1.31.
Care.com (NYSE:CRCM) last posted its quarterly earnings results on Thursday, March 7th. The information services provider reported $0.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.16. Care.com had a return on equity of 11.86% and a net margin of 27.51%. The company had revenue of $49.80 million during the quarter, compared to the consensus estimate of $49.95 million. During the same period last year, the business earned $0.32 EPS. The business’s quarterly revenue was up 12.7% on a year-over-year basis. As a group, equities research analysts anticipate that Care.com Inc will post 0.2 earnings per share for the current fiscal year.
In other news, insider Sheila Lirio Marcelo sold 55,046 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $19.92, for a total transaction of $1,096,516.32. Following the completion of the sale, the insider now directly owns 1,159,486 shares of the company’s stock, valued at approximately $23,096,961.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Michael Echenberg sold 9,513 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $19.95, for a total value of $189,784.35. Following the sale, the chief financial officer now directly owns 44,788 shares of the company’s stock, valued at $893,520.60. The disclosure for this sale can be found here. Insiders have sold a total of 108,998 shares of company stock valued at $2,285,160 over the last ninety days. Company insiders own 30.90% of the company’s stock.
CRCM has been the subject of several research analyst reports. Roth Capital increased their price objective on Care.com from $24.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, February 14th. BTIG Research increased their price objective on Care.com to $26.00 and gave the stock a “buy” rating in a research note on Friday, January 18th. Zacks Investment Research raised Care.com from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research note on Monday, January 7th. Finally, ValuEngine downgraded Care.com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 12th. Four 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 “Hold” and a consensus target price of $22.97.
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Care.com Company Profile
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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