Care.com (NYSE:CRCM) Upgraded by ValuEngine to “Hold”

ValuEngine upgraded shares of Care.com (NYSE:CRCM) from a sell rating to a hold rating in a research note issued to investors on Thursday morning, ValuEngine reports.

A number of other analysts have also recently weighed in on the stock. Stifel Nicolaus restated a hold rating and issued a $17.00 price target on shares of Care.com in a report on Thursday, May 9th. Craig Hallum cut shares of Care.com from a buy rating to a hold rating in a report on Wednesday, June 26th. TheStreet cut shares of Care.com from a b rating to a c+ rating in a report on Thursday, May 9th. Zacks Investment Research upgraded shares of Care.com from a hold rating to a buy rating and set a $12.00 price target on the stock in a report on Tuesday, July 9th. Finally, Roth Capital lowered their price target on shares of Care.com from $21.00 to $17.00 in a report on Wednesday, July 24th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $16.37.

NYSE CRCM traded down $0.14 during trading on Thursday, reaching $10.71. 353,517 shares of the company’s stock traded hands, compared to its average volume of 551,511. Care.com has a 12-month low of $10.50 and a 12-month high of $25.81. The stock has a market cap of $355.94 million, a price-to-earnings ratio of 29.75 and a beta of 0.92. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.75 and a current ratio of 2.75. The company has a 50 day simple moving average of $11.82.

Care.com (NYSE:CRCM) last released its quarterly earnings results on Thursday, May 9th. The information services provider reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.17. Care.com had a net margin of 24.80% and a return on equity of 7.81%. The business had revenue of $53.30 million for the quarter, compared to analysts’ expectations of $52.75 million. During the same period last year, the business earned $0.19 EPS. The company’s revenue was up 12.7% compared to the same quarter last year.

In related news, CFO Michael Echenberg sold 7,621 shares of Care.com stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $14.37, for a total value of $109,513.77. Following the completion of the sale, the chief financial officer now directly owns 49,869 shares in the company, valued at approximately $716,617.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sheila Lirio Marcelo sold 9,805 shares of Care.com stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $14.37, for a total transaction of $140,897.85. Following the completion of the sale, the chief executive officer now owns 1,221,974 shares of the company’s stock, valued at $17,559,766.38. The disclosure for this sale can be found here. Insiders sold a total of 21,273 shares of company stock worth $305,693 over the last 90 days. Company insiders own 28.10% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in CRCM. Aperio Group LLC acquired a new stake in Care.com in the 2nd quarter worth approximately $37,000. BNP Paribas Arbitrage SA boosted its stake in Care.com by 82,800.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,145 shares of the information services provider’s stock worth $82,000 after purchasing an additional 4,140 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in Care.com by 192.8% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 4,732 shares of the information services provider’s stock worth $94,000 after purchasing an additional 3,116 shares in the last quarter. Great West Life Assurance Co. Can acquired a new stake in Care.com in the 4th quarter worth approximately $96,000. Finally, Metropolitan Life Insurance Co. NY boosted 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 purchasing an additional 3,869 shares in the last quarter. Institutional investors own 86.03% of the company’s stock.

About Care.com

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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