Care.com (CRCM) Trading Down 5.7%

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Care.com Inc (NYSE:CRCM) fell 5.7% during mid-day trading on Thursday . The company traded as low as $21.00 and last traded at $22.80. 699,239 shares were traded during trading, an increase of 54% from the average session volume of 454,439 shares. The stock had previously closed at $24.17.

A number of research firms recently issued reports on CRCM. Roth Capital upped their price target on shares of Care.com from $24.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, February 14th. BTIG Research upped their price target on shares of Care.com to $26.00 and gave the company a “buy” rating in a research note on Friday, January 18th. Zacks Investment Research raised shares of Care.com from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Monday, January 7th. Finally, ValuEngine raised shares of Care.com from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 21st. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Care.com has an average rating of “Buy” and a consensus price target of $24.60.

The company has a market cap of $801.60 million, a PE ratio of 109.61, a price-to-earnings-growth ratio of 5.80 and a beta of 1.09.

Care.com (NYSE:CRCM) last released its quarterly earnings results on Thursday, March 7th. The information services provider reported $0.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.05. The company had revenue of $49.80 million for the quarter, compared to the consensus estimate of $49.95 million. Care.com had a net margin of 6.58% and a return on equity of 13.15%. Care.com’s revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.32 earnings per share. Equities analysts expect that Care.com Inc will post 0.26 EPS for the current year.

In other Care.com news, insider Sheila Lirio Marcelo sold 30,000 shares of the business’s stock in a transaction on Thursday, December 27th. The shares were sold at an average price of $18.99, for a total transaction of $569,700.00. Following the transaction, the insider now owns 1,084,153 shares in the company, valued at $20,588,065.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David Krupinski sold 3,510 shares of the business’s stock in a transaction on Tuesday, December 11th. The shares were sold at an average price of $16.85, for a total transaction of $59,143.50. Following the transaction, the insider now owns 139,462 shares in the company, valued at approximately $2,349,934.70. The disclosure for this sale can be found here. Insiders have sold 164,094 shares of company stock worth $3,241,316 in the last quarter. Company insiders own 30.90% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Oppenheimer Asset Management Inc. bought a new position in Care.com during the fourth quarter valued at $31,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Care.com in the fourth quarter worth about $43,000. Great West Life Assurance Co. Can bought a new position in shares of Care.com in the fourth quarter worth about $96,000. Metropolitan Life Insurance Co. NY grew its holdings in shares of Care.com by 263.6% in the fourth 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 during the last quarter. Finally, Menta Capital LLC bought a new position in shares of Care.com in the fourth quarter worth about $230,000. Institutional investors and hedge funds own 76.37% of the company’s stock.

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Care.com Company Profile (NYSE:CRCM)

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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