Care.com (CRCM) Trading 5% Higher

Care.com Inc (NYSE:CRCM)’s share price traded up 5% on Friday . The stock traded as high as $20.29 and last traded at $19.96. 646,297 shares were traded during mid-day trading, an increase of 148% from the average session volume of 260,492 shares. The stock had previously closed at $19.01.

Several equities analysts have recently weighed in on the company. Zacks Investment Research lowered Care.com from a “buy” rating to a “hold” rating in a research note on Thursday, October 19th. TheStreet raised Care.com from a “c” rating to a “b-” rating in a research note on Friday, November 17th. Finally, BidaskClub raised Care.com from a “sell” rating to a “hold” rating in a research note on Thursday, October 5th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $17.67.

The firm has a market cap of $600.46, a P/E ratio of 133.08, a price-to-earnings-growth ratio of 2.96 and a beta of 1.05.

Care.com (NYSE:CRCM) last released its quarterly earnings data on Thursday, November 2nd. The information services provider reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.10. The business had revenue of $44.50 million for the quarter, compared to analyst estimates of $44.22 million. Care.com had a return on equity of 17.27% and a net margin of 4.46%. The company’s revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.02 EPS. sell-side analysts predict that Care.com Inc will post 0.31 earnings per share for the current fiscal year.

In related news, insider David Krupinski sold 40,000 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $17.23, for a total transaction of $689,200.00. Following the transaction, the insider now directly owns 180,678 shares of the company’s stock, valued at approximately $3,113,081.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Michael Echenberg sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $19.12, for a total value of $28,680.00. Following the transaction, the chief financial officer now directly owns 16,383 shares in the company, valued at $313,242.96. The disclosure for this sale can be found here. Insiders sold a total of 230,874 shares of company stock worth $4,137,806 over the last ninety days. Corporate insiders own 24.70% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN lifted its position in Care.com by 13.8% during the 2nd quarter. Wells Fargo & Company MN now owns 11,711 shares of the information services provider’s stock worth $176,000 after acquiring an additional 1,420 shares in the last quarter. Teachers Advisors LLC lifted its position in Care.com by 2.3% during the 2nd quarter. Teachers Advisors LLC now owns 87,415 shares of the information services provider’s stock worth $1,320,000 after acquiring an additional 1,929 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Care.com by 3.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 75,513 shares of the information services provider’s stock worth $1,140,000 after acquiring an additional 2,491 shares in the last quarter. Parametric Portfolio Associates LLC lifted its position in Care.com by 14.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 26,724 shares of the information services provider’s stock worth $404,000 after acquiring an additional 3,454 shares in the last quarter. Finally, Strs Ohio lifted its position in Care.com by 8.6% during the 3rd quarter. Strs Ohio now owns 44,400 shares of the information services provider’s stock worth $705,000 after acquiring an additional 3,500 shares in the last quarter. 74.29% of the stock is currently owned by hedge funds and other institutional investors.

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About Care.com

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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