American Century Companies Inc. raised its position in Care.com, Inc. (NYSE:CRCM) by 30.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 270,124 shares of the information services provider’s stock after buying an additional 63,224 shares during the period. American Century Companies Inc. owned 0.91% of Care.com worth $4,292,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in CRCM. Lord Abbett & CO. LLC acquired a new position in Care.com in the second quarter valued at about $10,313,000. Janus Henderson Group PLC acquired a new position in Care.com in the second quarter valued at about $7,371,000. Pier Capital LLC acquired a new position in Care.com in the second quarter valued at about $5,686,000. Vanguard Group Inc. boosted its position in 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. Finally, Foundry Partners LLC acquired a new position in Care.com in the third quarter valued at about $2,700,000. Hedge funds and other institutional investors own 73.64% of the company’s stock.
In related news, General Counsel Diane Musi sold 3,018 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $14.56, for a total transaction of $43,942.08. Following the completion of the sale, the general counsel now directly owns 33,006 shares of the company’s stock, valued at $480,567.36. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider David Krupinski sold 40,000 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $17.23, for a total transaction of $689,200.00. Following the sale, the insider now directly owns 180,678 shares of the company’s stock, valued at $3,113,081.94. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 169,353 shares of company stock valued at $2,896,522. Insiders own 24.70% of the company’s stock.
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Care.com (NYSE:CRCM) last announced its earnings results on Thursday, November 2nd. The information services provider reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.10. Care.com had a net margin of 4.46% and a return on equity of 17.27%. The company had revenue of $44.50 million during the quarter, compared to the consensus estimate of $44.22 million. During the same period in the previous year, the firm posted $0.02 earnings per share. The company’s revenue was up 9.1% on a year-over-year basis. equities analysts predict that Care.com, Inc. will post 0.31 EPS for the current fiscal year.
CRCM has been the subject of a number of research analyst reports. BidaskClub downgraded shares of Care.com from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Roth Capital raised shares of Care.com from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $14.00 to $18.00 in a research note on Thursday, November 2nd. Zacks Investment Research downgraded shares of Care.com from a “buy” rating to a “hold” rating in a research note on Thursday, October 19th. Finally, Stifel Nicolaus boosted their target price on shares of Care.com from $12.00 to $14.00 and gave the stock a “buy” rating in a research note on Friday, August 11th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $17.67.
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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