Care.com Inc. (NYSE:CRCM) Receives $8.07 Consensus PT from Analysts
Care.com Inc. (NYSE:CRCM) has received a consensus rating of “Buy” from the eight brokerages that are covering the stock. Five investment analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $8.07.
Several analysts recently issued reports on CRCM shares. Needham & Company LLC reduced their price target on shares of Care.com from $12.00 to $9.00 and set a “buy” rating on the stock in a research report on Thursday, June 30th. Roth Capital started coverage on shares of Care.com in a research report on Friday, September 9th. They set a “neutral” rating and a $10.50 price target on the stock.
Shares of Care.com (NYSE:CRCM) opened at 9.79 on Tuesday. The company has a 50 day moving average of $10.23 and a 200-day moving average of $9.06. Care.com has a 52-week low of $4.90 and a 52-week high of $12.00. The company’s market cap is $279.99 million.
Institutional investors have recently modified their holdings of the company. Landscape Capital Management L.L.C. acquired a new position in shares of Care.com during the first quarter worth approximately $102,000. Spark Investment Management LLC acquired a new position in shares of Care.com during the first quarter worth approximately $208,000. Renaissance Technologies LLC raised its position in shares of Care.com by 191.4% in the first quarter. Renaissance Technologies LLC now owns 168,700 shares of the company’s stock worth $1,038,000 after buying an additional 110,800 shares during the period. State Street Corp raised its position in shares of Care.com by 15.9% in the first quarter. State Street Corp now owns 241,680 shares of the company’s stock worth $1,486,000 after buying an additional 33,202 shares during the period. Finally, potrero capital research llc raised its position in shares of Care.com by 30.0% in the first quarter. potrero capital research llc now owns 435,242 shares of the company’s stock worth $2,677,000 after buying an additional 100,391 shares during the period. Institutional investors own 63.34% of the company’s stock.
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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