Care.com, Inc. (CRCM) Stock Rating Upgraded by BidaskClub
Care.com, Inc. (NYSE:CRCM) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Thursday.
Several other brokerages also recently weighed in on CRCM. Zacks Investment Research upgraded Care.com from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Wednesday, July 12th. Roth Capital set a $14.00 target price on Care.com and gave the company a “hold” rating in a research note on Thursday, August 3rd. Finally, Stifel Nicolaus lifted their target price on Care.com from $12.00 to $14.00 and gave the company a “buy” rating in a research note on Friday, August 11th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $15.00.
Shares of Care.com (NYSE CRCM) opened at 16.29 on Thursday. The stock has a market cap of $484.94 million, a price-to-earnings ratio of 651.60 and a beta of 0.94. The firm has a 50-day moving average price of $14.92 and a 200 day moving average price of $14.28. Care.com has a 52-week low of $7.51 and a 52-week high of $16.50.
Care.com (NYSE:CRCM) last released its quarterly earnings results on Thursday, August 10th. The information services provider reported $0.11 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.15. The company had revenue of $42.00 million for the quarter, compared to analyst estimates of $41.34 million. Care.com had a return on equity of 10.98% and a net margin of 3.66%. The firm’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.03) earnings per share. Analysts expect that Care.com will post $0.40 earnings per share for the current year.
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In other Care.com news, insider David Krupinski sold 3,326 shares of Care.com stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $14.56, for a total value of $48,426.56. Following the transaction, the insider now directly owns 176,128 shares in the company, valued at approximately $2,564,423.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Diane Musi sold 2,000 shares of Care.com stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $14.66, for a total value of $29,320.00. Following the completion of the transaction, the general counsel now owns 30,593 shares in the company, valued at $448,493.38. The disclosure for this sale can be found here. Insiders sold a total of 18,498 shares of company stock worth $269,913 over the last quarter. Company insiders own 24.70% of the company’s stock.
Several institutional investors have recently bought and sold shares of CRCM. Lord Abbett & CO. LLC purchased a new stake in shares of Care.com in the second quarter valued at approximately $10,313,000. Janus Henderson Group PLC purchased a new stake in shares of Care.com in the second quarter valued at approximately $7,371,000. Pier Capital LLC purchased a new stake in shares of Care.com in the second quarter valued at approximately $5,686,000. Renaissance Technologies LLC boosted its stake in shares of Care.com by 37.3% in the first quarter. Renaissance Technologies LLC now owns 865,300 shares of the information services provider’s stock valued at $10,825,000 after buying an additional 235,200 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Care.com by 27.1% in the first quarter. Vanguard Group Inc. now owns 965,650 shares of the information services provider’s stock valued at $12,081,000 after buying an additional 206,029 shares in the last quarter. Hedge funds and other institutional investors own 73.68% of the company’s stock.
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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