Care.com (CRCM) Announces Earnings Results

Care.com (NYSE:CRCM) announced its quarterly earnings results on Thursday. The information services provider reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.19, MarketWatch Earnings reports. The company had revenue of $49.20 million for the quarter, compared to the consensus estimate of $49.22 million. Care.com had a net margin of 5.87% and a return on equity of 15.34%. Care.com’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.18 EPS.

Care.com stock opened at $18.11 on Friday. Care.com has a twelve month low of $15.14 and a twelve month high of $22.95. The stock has a market capitalization of $562.76 million, a PE ratio of 67.07, a price-to-earnings-growth ratio of 5.71 and a beta of 1.25.

A number of analysts have issued reports on CRCM shares. ValuEngine downgraded shares of Care.com from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 11th. Craig Hallum set a $24.00 price target on shares of Care.com and gave the company a “buy” rating in a report on Tuesday, July 31st. Finally, Zacks Investment Research downgraded shares of Care.com from a “hold” rating to a “sell” rating in a report on Friday, August 3rd. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $22.00.

In other news, insider Sheila Lirio Marcelo sold 64,925 shares of the business’s stock in a transaction dated Tuesday, October 9th. The shares were sold at an average price of $21.32, for a total value of $1,384,201.00. Following the sale, the insider now directly owns 1,089,633 shares in the company, valued at approximately $23,230,975.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Diane Musi sold 30,000 shares of the business’s stock in a transaction dated Wednesday, October 3rd. The stock was sold at an average price of $22.11, for a total transaction of $663,300.00. Following the completion of the sale, the general counsel now owns 52,919 shares in the company, valued at $1,170,039.09. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 209,819 shares of company stock worth $4,345,231. Insiders own 30.90% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. grew its holdings in Care.com by 48.0% during the 2nd quarter. BlackRock Inc. now owns 1,834,682 shares of the information services provider’s stock valued at $38,308,000 after purchasing an additional 595,444 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Care.com by 34.7% during the 2nd quarter. Renaissance Technologies LLC now owns 1,642,500 shares of the information services provider’s stock valued at $34,295,000 after purchasing an additional 423,300 shares during the last quarter. FMR LLC grew its holdings in Care.com by 1,817.3% during the 2nd quarter. FMR LLC now owns 377,700 shares of the information services provider’s stock valued at $7,886,000 after purchasing an additional 358,000 shares during the last quarter. Millennium Management LLC grew its holdings in Care.com by 24.2% during the 1st quarter. Millennium Management LLC now owns 653,228 shares of the information services provider’s stock valued at $10,628,000 after purchasing an additional 127,147 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in Care.com during the 3rd quarter valued at about $2,114,000. Hedge funds and other institutional investors own 79.22% of the company’s stock.

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About Care.com

Care.com, Inc operates an online marketplace for finding and managing family care in the United States and internationally. The company helps families to address their lifecycle of care needs, including child care, senior care, and special needs care, as well as other non-medical family care needs, such as pet care, tutoring, and housekeeping; and enables caregivers to find full-time and part-time employment opportunities.

See Also: Price to Earnings Ratio (PE) Basics

Earnings History for Care.com (NYSE:CRCM)

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