Care.com Inc (NYSE:CRCM) Given Average Recommendation of “Hold” by Analysts

Care.com Inc (NYSE:CRCM) has earned a consensus rating of “Hold” from the seven analysts that are covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $18.46.

Several research firms have recently issued reports on CRCM. TheStreet cut shares of Care.com from a “b” rating to a “c+” rating in a report on Thursday, May 9th. ValuEngine upgraded shares of Care.com from a “hold” rating to a “buy” rating in a report on Thursday, April 25th. Stifel Nicolaus reiterated a “hold” rating and issued a $17.00 price objective on shares of Care.com in a report on Thursday, May 9th. Zacks Investment Research cut shares of Care.com from a “buy” rating to a “hold” rating in a report on Friday, March 8th. Finally, Craig Hallum decreased their price objective on shares of Care.com from $28.00 to $18.00 and set a “buy” rating for the company in a report on Friday, May 10th.

In related news, insider Sheila Lirio Marcelo sold 6,888 shares of the stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $16.43, for a total transaction of $113,169.84. Following the completion of the sale, the insider now directly owns 1,098,181 shares of the company’s stock, valued at $18,043,113.83. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider David Krupinski sold 3,052 shares of the stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $14.37, for a total transaction of $43,857.24. Following the sale, the insider now directly owns 152,303 shares of the company’s stock, valued at $2,188,594.11. The disclosure for this sale can be found here. Insiders sold 32,509 shares of company stock valued at $489,953 over the last quarter. Insiders own 28.10% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its stake in Care.com by 1.3% during the fourth quarter. BlackRock Inc. now owns 2,049,008 shares of the information services provider’s stock valued at $39,567,000 after purchasing an additional 26,704 shares during the last quarter. Portolan Capital Management LLC boosted its stake in Care.com by 5.5% in the 4th quarter. Portolan Capital Management LLC now owns 1,903,264 shares of the information services provider’s stock worth $36,752,000 after purchasing an additional 99,331 shares during the period. Millennium Management LLC boosted its stake in Care.com by 346.1% in the 4th quarter. Millennium Management LLC now owns 1,201,397 shares of the information services provider’s stock worth $23,199,000 after purchasing an additional 932,070 shares during the period. Lord Abbett & CO. LLC boosted its stake in Care.com by 2.2% in the 4th quarter. Lord Abbett & CO. LLC now owns 720,450 shares of the information services provider’s stock worth $13,912,000 after purchasing an additional 15,754 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Care.com by 100.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 423,460 shares of the information services provider’s stock worth $8,177,000 after purchasing an additional 212,393 shares during the period. 86.59% of the stock is owned by institutional investors and hedge funds.

NYSE CRCM opened at $14.09 on Wednesday. Care.com has a 52 week low of $13.52 and a 52 week high of $25.81. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.14. The company has a market cap of $456.95 million, a PE ratio of 39.14 and a beta of 1.30. The stock has a 50-day moving average price of $14.52.

Care.com (NYSE:CRCM) last posted its earnings results on Thursday, May 9th. The information services provider reported $0.12 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.17. Care.com had a net margin of 24.80% and a return on equity of 7.81%. The firm had revenue of $53.30 million during the quarter, compared to analysts’ expectations of $52.75 million. During the same quarter in the prior year, the firm earned $0.19 EPS. Care.com’s quarterly revenue was up 12.7% on a year-over-year basis.

Care.com Company Profile

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: Institutional Investors

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