Care.com, Inc. (CRCM) Position Boosted by Geode Capital Management LLC
Geode Capital Management LLC raised its stake in shares of Care.com, Inc. (NYSE:CRCM) by 25.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 133,082 shares of the information services provider’s stock after buying an additional 26,870 shares during the period. Geode Capital Management LLC owned 0.46% of Care.com worth $1,664,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of CRCM. American International Group Inc. raised its position in shares of Care.com by 6.3% in the first quarter. American International Group Inc. now owns 9,782 shares of the information services provider’s stock valued at $122,000 after buying an additional 583 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Care.com during the first quarter valued at about $137,000. Acrospire Investment Management LLC raised its position in shares of Care.com by 250.9% in the first quarter. Acrospire Investment Management LLC now owns 12,184 shares of the information services provider’s stock valued at $152,000 after buying an additional 8,712 shares during the last quarter. Koch Industries Inc. acquired a new position in shares of Care.com during the first quarter valued at about $175,000. Finally, Trexquant Investment LP acquired a new position in shares of Care.com during the first quarter valued at about $271,000. Institutional investors own 74.55% of the company’s stock.
Care.com, Inc. (NYSE:CRCM) traded down 0.27% during midday trading on Thursday, hitting $15.02. The company had a trading volume of 42,595 shares. The firm has a market capitalization of $447.13 million, a P/E ratio of 600.80 and a beta of 0.93. Care.com, Inc. has a 52 week low of $7.51 and a 52 week high of $16.50. The firm’s 50 day moving average is $14.89 and its 200-day moving average is $13.37.
Care.com (NYSE:CRCM) last issued its quarterly earnings results on Thursday, August 10th. The information services provider reported $0.11 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.15. The company had revenue of $42 million for the quarter, compared to the consensus estimate of $41.34 million. Care.com had a net margin of 3.66% and a return on equity of 10.98%. The firm’s revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.03) EPS. On average, equities research analysts expect that Care.com, Inc. will post $0.41 EPS for the current fiscal year.
CRCM has been the topic of several recent analyst reports. Zacks Investment Research upgraded Care.com from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Wednesday, July 19th. Stifel Nicolaus lifted their price target on Care.com from $12.00 to $14.00 and gave the company a “buy” rating in a research note on Friday, August 11th. Roth Capital set a $14.00 price target on Care.com and gave the company a “hold” rating in a research note on Thursday, August 10th. Finally, BidaskClub upgraded Care.com from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $15.00.
In other Care.com news, CFO Michael Echenberg sold 6,547 shares of the business’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $14.38, for a total value of $94,145.86. Following the completion of the sale, the chief financial officer now directly owns 22,438 shares of the company’s stock, valued at approximately $322,658.44. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Diane Musi sold 9,990 shares of the business’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $15.48, for a total transaction of $154,645.20. Following the completion of the sale, the general counsel now directly owns 34,450 shares of the company’s stock, valued at $533,286. The disclosure for this sale can be found here. Insiders have sold a total of 44,095 shares of company stock worth $651,424 over the last quarter. 24.70% of the stock is currently owned by insiders.
Care.com Company Profile
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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