American Century Companies Inc. increased its position in Care.com, Inc. (NYSE:CRCM) by 26.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 206,900 shares of the information services provider’s stock after acquiring an additional 42,815 shares during the period. American Century Companies Inc. owned about 0.70% of Care.com worth $3,124,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in CRCM. American International Group Inc. raised its stake in Care.com by 6.3% during the 1st quarter. American International Group Inc. now owns 9,782 shares of the information services provider’s stock valued at $122,000 after buying an additional 583 shares during the last quarter. Wedge Capital Management L L P NC purchased a new stake in Care.com during the 2nd quarter valued at $152,000. Campbell & CO Investment Adviser LLC purchased a new stake in Care.com during the 2nd quarter valued at $154,000. Pillar Pacific Capital Management LLC purchased a new stake in Care.com during the 2nd quarter valued at $161,000. Finally, HighTower Advisors LLC purchased a new stake in Care.com during the 1st quarter valued at $137,000. Institutional investors own 74.55% of the company’s stock.
In other news, CFO Michael Echenberg sold 9,000 shares of Care.com stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $14.68, for a total transaction of $132,120.00. Following the completion of the sale, the chief financial officer now directly owns 11,051 shares in the company, valued at $162,228.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Diane Musi sold 2,000 shares of Care.com stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $14.70, for a total transaction of $29,400.00. Following the sale, the general counsel now owns 32,593 shares of the company’s stock, valued at $479,117.10. The disclosure for this sale can be found here. Insiders have sold 33,673 shares of company stock valued at $492,848 over the last quarter. Insiders own 24.70% of the company’s stock.
Shares of Care.com, Inc. (NYSE:CRCM) opened at 14.78 on Wednesday. Care.com, Inc. has a 52 week low of $7.51 and a 52 week high of $16.50. The firm’s 50-day moving average is $14.87 and its 200-day moving average is $13.77. The stock has a market capitalization of $439.99 million, a price-to-earnings ratio of 591.20 and a beta of 0.92.
Care.com (NYSE:CRCM) last posted its quarterly earnings data on Thursday, August 10th. The information services provider reported $0.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.15. Care.com had a net margin of 3.66% and a return on equity of 10.98%. The business had revenue of $42.00 million during the quarter, compared to the consensus estimate of $41.34 million. During the same period in the previous year, the firm posted ($0.03) earnings per share. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. Analysts forecast that Care.com, Inc. will post $0.41 earnings per share for the current fiscal year.
CRCM has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Care.com from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research note on Wednesday, July 19th. Stifel Nicolaus boosted their target price on shares of Care.com from $12.00 to $14.00 and gave the company a “buy” rating in a research note on Friday, August 11th. Roth Capital set a $14.00 target price on shares of Care.com and gave the company a “hold” rating in a research note on Thursday, August 10th. Finally, BidaskClub upgraded shares of Care.com from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $15.00.
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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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