Care.com Inc (NASDAQ:CRCM) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.
According to Zacks, “Care.com, Inc. provides online marketplace for finding and managing family care primarily in the United States and internationally. Its platform provides care needs which consists of 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 helps caregivers find employment opportunities. Care.com, Inc. is based in Waltham, Massachusetts. “
CRCM has been the subject of a number of other research reports. Roth Capital started coverage on shares of Care.com in a research report on Friday, September 9th. They set a “neutral” rating and a $10.50 target price for the company. Needham & Company LLC reissued a “buy” rating and set a $12.00 target price (up previously from $9.00) on shares of Care.com in a research report on Thursday, June 30th. Morgan Stanley raised their price target on shares of Care.com from $6.00 to $9.50 and gave the stock an “equal weight” rating in a report on Thursday, July 28th. Finally, JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of Care.com in a report on Thursday, June 30th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $11.00.
Shares of Care.com (NASDAQ:CRCM) traded up 2.39% during mid-day trading on Tuesday, reaching $10.29. 46,273 shares of the company’s stock traded hands. Care.com has a 12-month low of $4.90 and a 12-month high of $12.00. The stock has a 50-day moving average price of $10.39 and a 200 day moving average price of $8.92. The firm’s market capitalization is $294.29 million.
Care.com (NASDAQ:CRCM) last posted its earnings results on Wednesday, July 27th. The company reported ($0.03) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.02) by $0.01. The company had revenue of $38.20 million for the quarter, compared to the consensus estimate of $37.97 million. During the same period last year, the firm earned ($0.12) earnings per share. The firm’s revenue was up 16.0% compared to the same quarter last year. Analysts anticipate that Care.com will post $0.17 EPS for the current fiscal year.
In other news, CFO Michael Echenberg sold 3,872 shares of the stock in a transaction on Monday, September 12th. The shares were sold at an average price of $9.83, for a total value of $38,061.76. Following the sale, the chief financial officer now owns 18,368 shares in the company, valued at $180,557.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David Krupinski sold 6,000 shares of the stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $10.36, for a total transaction of $62,160.00. Following the completion of the sale, the insider now owns 180,428 shares in the company, valued at approximately $1,869,234.08. The disclosure for this sale can be found here.
Hedge funds have recently added to or reduced their stakes in the company. Parametric Portfolio Associates LLC raised its stake in Care.com by 22.4% in the second quarter. Parametric Portfolio Associates LLC now owns 18,031 shares of the company’s stock worth $211,000 after buying an additional 3,300 shares during the last quarter. Citadel Advisors LLC raised its stake in Care.com by 88.7% in the second quarter. Citadel Advisors LLC now owns 41,098 shares of the company’s stock worth $480,000 after buying an additional 19,321 shares during the last quarter. Spark Investment Management LLC raised its stake in Care.com by 49.0% in the second quarter. Spark Investment Management LLC now owns 50,500 shares of the company’s stock worth $589,000 after buying an additional 16,600 shares during the last quarter. Board of Trustees of The Leland Stanford Junior University acquired a new stake in Care.com during the second quarter worth $231,000. Finally, Dynamic Technology Lab Private Ltd raised its stake in Care.com by 1.8% in the second quarter. Dynamic Technology Lab Private Ltd now owns 11,645 shares of the company’s stock worth $136,000 after buying an additional 211 shares during the last quarter.
Care.com Company Profile
Care.com, Inc is an online marketplace for finding and managing family care. The Company has approximately 18.4 million members, including over 10.3 million families and approximately 8.1 million caregivers, spanning over 20 countries. Its consumer matching solutions allow families to search for, qualify, vet, connect with and select caregivers.
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