Los Angeles Capital Management & Equity Research Inc. Takes Position in Care.com, Inc. (CRCM)
Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Care.com, Inc. (NYSE:CRCM) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 33,370 shares of the information services provider’s stock, valued at approximately $530,000. Los Angeles Capital Management & Equity Research Inc. owned approximately 0.11% of Care.com as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in CRCM. Thompson Davis & CO. Inc. acquired a new stake in Care.com during the second quarter valued at approximately $102,000. D.A. Davidson & CO. acquired a new stake in Care.com during the second quarter valued at approximately $139,000. American International Group Inc. boosted its holdings in Care.com by 6.3% during the first quarter. American International Group Inc. now owns 9,782 shares of the information services provider’s stock valued at $122,000 after purchasing an additional 583 shares in the last quarter. Wedge Capital Management L L P NC acquired a new stake in Care.com during the second quarter valued at approximately $152,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Care.com during the second quarter valued at approximately $154,000. 74.29% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director I. Duncan Robertson sold 6,500 shares of Care.com stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $19.88, for a total value of $129,220.00. Following the completion of the transaction, the director now owns 10,689 shares in the company, valued at $212,497.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sheila Lirio Marcelo sold 5,000 shares of Care.com stock in a transaction that occurred on Tuesday, October 17th. The shares were sold at an average price of $16.18, for a total transaction of $80,900.00. Following the completion of the transaction, the insider now owns 952,273 shares of the company’s stock, valued at approximately $15,407,777.14. The disclosure for this sale can be found here. Insiders sold 169,353 shares of company stock valued at $2,896,522 in the last quarter. 24.70% of the stock is currently owned by corporate insiders.
Care.com (NYSE:CRCM) last released its quarterly earnings data on Thursday, November 2nd. The information services provider reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.10. Care.com had a return on equity of 17.27% and a net margin of 4.46%. The company had revenue of $44.50 million for the quarter, compared to the consensus estimate of $44.22 million. During the same period in the previous year, the business earned $0.02 earnings per share. The company’s quarterly revenue was up 9.1% on a year-over-year basis. equities research analysts predict that Care.com, Inc. will post 0.31 EPS for the current fiscal year.
A number of research firms have weighed in on CRCM. TheStreet raised Care.com from a “c” rating to a “b-” rating in a report on Friday, November 17th. Zacks Investment Research raised Care.com from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Wednesday, November 8th. BidaskClub raised Care.com from a “sell” rating to a “hold” rating in a report on Thursday, October 5th. Finally, Roth Capital raised Care.com from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $14.00 to $18.00 in a report on Thursday, November 2nd. One analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $17.67.
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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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