Care.com (NYSE:CRCM) Downgraded by Craig Hallum

Craig Hallum downgraded shares of Care.com (NYSE:CRCM) from a buy rating to a hold rating in a research report sent to investors on Wednesday, June 26th, BenzingaRatingsTable reports.

Other equities analysts have also recently issued research reports about the company. Stifel Nicolaus raised Kimbell Royalty Partners from a hold rating to a buy rating and set a $19.00 price objective for the company in a report on Thursday, May 9th. ValuEngine cut Valero Energy from a hold rating to a sell rating in a report on Wednesday, May 8th. Zacks Investment Research cut IRIDEX from a hold rating to a sell rating in a report on Friday, March 8th. Roth Capital set a $33.00 price target on Stemline Therapeutics and gave the stock a buy rating in a report on Friday, May 10th. Finally, TheStreet cut Trade Desk from a b- rating to a c- rating in a report on Thursday, May 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $17.17.

Shares of NYSE:CRCM traded down $0.07 on Wednesday, reaching $10.63. The company had a trading volume of 557,557 shares, compared to its average volume of 513,919. Care.com has a 52-week low of $10.62 and a 52-week high of $25.81. The business has a 50 day moving average of $12.83. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $348.84 million, a price-to-earnings ratio of 29.53 and a beta of 1.00.

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

In other news, CFO Michael Echenberg sold 2,610 shares of the company’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $16.35, for a total value of $42,673.50. Following the sale, the chief financial officer now directly owns 42,178 shares in the company, valued at $689,610.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sheila Lirio Marcelo sold 9,805 shares of the company’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $14.37, for a total value of $140,897.85. Following the completion of the sale, the chief executive officer now owns 1,221,974 shares in the company, valued at $17,559,766.38. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,509 shares of company stock valued at $489,953. 28.10% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CRCM. BlackRock Inc. increased 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 worth $39,567,000 after acquiring an additional 26,704 shares during the last quarter. Portolan Capital Management LLC grew its stake in shares of Care.com by 5.5% in the fourth quarter. Portolan Capital Management LLC now owns 1,903,264 shares of the information services provider’s stock valued at $36,752,000 after buying an additional 99,331 shares in the last quarter. Millennium Management LLC grew its stake in shares of Care.com by 346.1% in the fourth quarter. Millennium Management LLC now owns 1,201,397 shares of the information services provider’s stock valued at $23,199,000 after buying an additional 932,070 shares in the last quarter. Lord Abbett & CO. LLC grew its stake in shares of Care.com by 2.2% in the fourth quarter. Lord Abbett & CO. LLC now owns 720,450 shares of the information services provider’s stock valued at $13,912,000 after buying an additional 15,754 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Care.com by 100.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 423,460 shares of the information services provider’s stock valued at $8,177,000 after buying an additional 212,393 shares in the last quarter. Hedge funds and other institutional investors own 86.53% of the company’s stock.

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.

Further Reading: Price to Earnings Ratio (PE)

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