Care.com, Inc. (NYSE:CRCM) Rating Increased to Hold at 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 note issued to investors on Thursday.

Several other equities research analysts also recently issued reports on the company. Roth Capital set a $14.00 price target on Care.com and gave the company a “hold” rating in a report on Thursday, August 3rd. Zacks Investment Research downgraded Care.com from a “buy” rating to a “hold” rating in a report on Friday, July 21st.

Shares of Care.com (NYSE CRCM) traded down 2.47% during trading on Thursday, hitting $14.64. 46,296 shares of the stock were exchanged. The stock’s market cap is $430.47 million. The stock’s 50 day moving average is $14.90 and its 200-day moving average is $12.84. Care.com has a 12-month low of $7.51 and a 12-month high of $16.07.

Care.com (NYSE:CRCM) last released its earnings results on Thursday, August 10th. The information services provider reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.09. Care.com had a net margin of 0.67% and a return on equity of 3.79%. The business had revenue of $42 million during the quarter, compared to analysts’ expectations of $41.34 million. During the same period last year, the business earned ($0.03) earnings per share. The firm’s revenue was up 9.9% on a year-over-year basis. Equities research analysts anticipate that Care.com will post $0.37 EPS for the current year.

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In other Care.com news, General Counsel Diane Musi sold 9,990 shares of the firm’s stock in a transaction on Monday, June 5th. The stock was 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 owns 34,450 shares of the company’s stock, valued at approximately $533,286. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David Krupinski sold 3,439 shares of the firm’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $14.38, for a total value of $49,452.82. Following the sale, the insider now directly owns 172,672 shares of the company’s stock, valued at approximately $2,483,023.36. 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 ninety days. Insiders own 24.70% of the company’s stock.

A number of large investors have recently made changes to their positions in CRCM. Pier Capital LLC acquired a new stake in shares of Care.com during the second quarter valued at about $5,686,000. Chicago Equity Partners LLC increased its stake in shares of Care.com by 203.5% in the second quarter. Chicago Equity Partners LLC now owns 101,530 shares of the information services provider’s stock valued at $1,533,000 after buying an additional 68,075 shares in the last quarter. IndexIQ Advisors LLC acquired a new stake in shares of Care.com during the second quarter valued at about $571,000. Prudential Financial Inc. acquired a new stake in shares of Care.com during the second quarter valued at about $961,000. Finally, American Century Companies Inc. increased its stake in shares of Care.com by 26.1% in the second quarter. American Century Companies Inc. now owns 206,900 shares of the information services provider’s stock valued at $3,124,000 after buying an additional 42,815 shares in the last quarter. 72.47% of the stock is owned by institutional investors and hedge funds.

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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