Insider Buying: Care.com Inc (NYSE:CRCM) Director Buys $247,500.00 in Stock

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Care.com Inc (NYSE:CRCM) Director George Bell purchased 27,500 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were acquired at an average price of $9.00 per share, with a total value of $247,500.00. Following the purchase, the director now directly owns 47,190 shares in the company, valued at approximately $424,710. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shares of CRCM stock opened at $10.06 on Friday. The firm has a market capitalization of $305.70 million, a PE ratio of 27.94, a price-to-earnings-growth ratio of 124.40 and a beta of 0.92. The firm has a fifty day simple moving average of $10.64 and a two-hundred day simple moving average of $16.33. The company has a current ratio of 2.85, a quick ratio of 2.85 and a debt-to-equity ratio of 0.20. Care.com Inc has a 12 month low of $7.61 and a 12 month high of $25.81.

Care.com (NYSE:CRCM) last announced its quarterly earnings results on Tuesday, August 6th. The information services provider reported $0.09 EPS for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.01. The business had revenue of $51.00 million during the quarter, compared to analyst estimates of $52.20 million. Care.com had a negative net margin of 7.61% and a positive return on equity of 7.81%. Care.com’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.14 EPS.

A number of analysts have commented on CRCM shares. Craig Hallum restated a “hold” rating and set a $9.00 price target (down previously from $15.00) on shares of Care.com in a research note on Wednesday, August 7th. BTIG Research upgraded shares of Care.com from a “neutral” rating to a “buy” rating and set a $13.00 price target for the company in a research note on Wednesday. TheStreet lowered shares of Care.com from a “c” rating to a “d+” rating in a research note on Wednesday, August 7th. Zacks Investment Research lowered shares of Care.com from a “buy” rating to a “hold” rating in a research note on Monday. Finally, ValuEngine upgraded shares of Care.com from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $12.20.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. boosted its holdings in Care.com by 5.0% during the 2nd quarter. BlackRock Inc. now owns 4,267,595 shares of the information services provider’s stock worth $46,857,000 after acquiring an additional 202,293 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Care.com by 17.6% during the 2nd quarter. Renaissance Technologies LLC now owns 2,386,200 shares of the information services provider’s stock worth $26,200,000 after acquiring an additional 357,500 shares during the last quarter. Cloverdale Capital Management LLC purchased a new position in Care.com during the 2nd quarter worth $10,365,000. Dimensional Fund Advisors LP boosted its holdings in Care.com by 100.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 423,460 shares of the information services provider’s stock worth $8,177,000 after acquiring an additional 212,393 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its holdings in Care.com by 136.3% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 423,405 shares of the information services provider’s stock worth $4,649,000 after acquiring an additional 244,188 shares during the last quarter. 85.99% of the stock is currently owned by hedge funds and other institutional investors.

Care.com Company Profile

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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Insider Buying and Selling by Quarter for Care.com (NYSE:CRCM)

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