Care.com Inc (CRCM) Upgraded to “Hold” by Zacks Investment Research
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. “
Several other brokerages have also issued reports on CRCM. Needham & Company LLC reaffirmed a buy rating and set a $13.00 price target (up previously from $12.00) on shares of Care.com in a research note on Thursday, July 28th. Morgan Stanley reiterated a hold rating on shares of Care.com in a report on Thursday, June 30th. JPMorgan Chase & Co. reiterated a hold rating on shares of Care.com in a report on Thursday, June 30th. Finally, Roth Capital began coverage on Care.com in a report on Friday, September 9th. They issued a neutral rating and a $10.50 price objective for the company. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $11.00.
Shares of Care.com (NASDAQ:CRCM) traded down 0.19% during trading on Tuesday, reaching $10.27. The company had a trading volume of 2,841 shares. The firm’s market capitalization is $293.72 million. Care.com has a 52-week low of $4.90 and a 52-week high of $12.00. The company has a 50 day moving average of $10.39 and a 200-day moving average of $8.92.
Care.com (NASDAQ:CRCM) last issued its quarterly earnings results on Wednesday, July 27th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by $0.01. The firm earned $38.20 million during the quarter, compared to analyst estimates of $37.97 million. During the same quarter in the previous year, the business earned ($0.12) earnings per share. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. Equities analysts expect that Care.com will post $0.17 earnings per share for the current year.
In other Care.com news, insider David Krupinski sold 6,000 shares of the stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $10.36, for a total value of $62,160.00. Following the completion of the sale, the insider now directly owns 180,428 shares in the company, valued at $1,869,234.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Michael Echenberg sold 3,872 shares of the stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $9.83, for a total value of $38,061.76. Following the completion of the sale, the chief financial officer now owns 18,368 shares of the company’s stock, valued at $180,557.44. The disclosure for this sale can be found here.
Several large investors have recently made changes to their positions in the company. Gerstein Fisher purchased a new position in Care.com during the second quarter valued at $218,000. Alambic Investment Management L.P. boosted its position in shares of Care.com by 11.4% in the second quarter. Alambic Investment Management L.P. now owns 22,833 shares of the company’s stock valued at $267,000 after buying an additional 2,344 shares during the period. American Century Companies Inc. bought a new position in shares of Care.com during the second quarter valued at approximately $278,000. Acrospire Investment Management LLC bought a new position in shares of Care.com during the second quarter valued at approximately $102,000. Finally, EAM Investors LLC bought a new position in shares of Care.com during the second quarter valued at approximately $2,689,000.
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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