Teachers Advisors LLC Has $1.07 Million Position in Care.com, Inc. (CRCM)
Teachers Advisors LLC raised its stake in shares of Care.com, Inc. (NYSE:CRCM) by 72.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 85,486 shares of the information services provider’s stock after buying an additional 35,771 shares during the period. Teachers Advisors LLC owned 0.29% of Care.com worth $1,069,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. American International Group Inc. boosted 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 period. Dynamic Technology Lab Private Ltd purchased a new position in shares of Care.com during the first quarter valued at about $137,000. Acrospire Investment Management LLC boosted 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 period. Trexquant Investment LP purchased a new position in shares of Care.com during the first quarter valued at about $271,000. Finally, Parametric Portfolio Associates LLC boosted its position in shares of Care.com by 23.6% in the first quarter. Parametric Portfolio Associates LLC now owns 23,270 shares of the information services provider’s stock valued at $291,000 after buying an additional 4,442 shares during the period. Hedge funds and other institutional investors own 74.55% of the company’s stock.
Care.com, Inc. (CRCM) traded up 0.13% during midday trading on Friday, hitting $14.99. The stock had a trading volume of 27,439 shares. The stock’s 50-day moving average is $14.91 and its 200-day moving average is $13.52. The company has a market cap of $446.24 million, a P/E ratio of 599.60 and a beta of 0.93. Care.com, Inc. has a one year low of $7.51 and a one year high of $16.50.
Care.com (NYSE:CRCM) last posted its quarterly earnings data on Thursday, August 10th. The information services provider reported $0.11 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.15. The firm had revenue of $42 million during the quarter, compared to analysts’ expectations of $41.34 million. Care.com had a net margin of 3.66% and a return on equity of 10.98%. Care.com’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.03) EPS. Equities analysts predict that Care.com, Inc. will post $0.41 EPS for the current fiscal year.
Several equities analysts have recently issued reports on the company. BidaskClub upgraded Care.com from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. 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 report 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 report on Thursday, August 10th. Finally, Zacks Investment Research cut Care.com from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $15.00.
In other Care.com news, insider David Krupinski sold 3,439 shares of the company’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $14.38, for a total transaction of $49,452.82. Following the completion of the sale, the insider now owns 172,672 shares in the company, valued at approximately $2,483,023.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Diane Musi sold 9,990 shares of the company’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $15.48, for a total transaction of $154,645.20. Following the sale, the general counsel now owns 34,450 shares of the company’s stock, valued at approximately $533,286. The disclosure for this sale can be found here. Insiders have sold a total of 44,095 shares of company stock valued at $651,424 in the last quarter. Corporate insiders own 24.70% of the company’s stock.
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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