Continental Advisors LLC Continues to Hold Position in Care.com Inc (CRCM)
Continental Advisors LLC continued to hold its stake in Care.com Inc (NASDAQ:CRCM) during the fourth quarter, Holdings Channel reports. The institutional investor owned 49,624 shares of the company’s stock at the end of the fourth quarter. Continental Advisors LLC owned about 0.17% of Care.com worth $425,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in CRCM. Spark Investment Management LLC boosted its stake in Care.com by 479.6% in the third quarter. Spark Investment Management LLC now owns 292,700 shares of the company’s stock valued at $2,915,000 after buying an additional 242,200 shares during the last quarter. Acadian Asset Management LLC boosted its stake in Care.com by 1,505.6% in the third quarter. Acadian Asset Management LLC now owns 184,709 shares of the company’s stock valued at $1,841,000 after buying an additional 173,205 shares during the last quarter. Globeflex Capital L P purchased a new stake in Care.com during the third quarter valued at $1,065,000. Chicago Equity Partners LLC purchased a new stake in Care.com during the second quarter valued at $923,000. Finally, Renaissance Technologies LLC boosted its stake in Care.com by 11.5% in the fourth quarter. Renaissance Technologies LLC now owns 630,100 shares of the company’s stock valued at $5,400,000 after buying an additional 65,200 shares during the last quarter.
Care.com Inc (NASDAQ:CRCM) traded down 0.20% during mid-day trading on Thursday, reaching $10.07. The company had a trading volume of 148,370 shares. The stock has a market capitalization of $290.21 million and a PE ratio of 103.81. Care.com Inc has a one year low of $5.33 and a one year high of $12.00. The company’s 50-day moving average is $8.80 and its 200-day moving average is $9.33.
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Several research firms recently weighed in on CRCM. Roth Capital set a $10.00 price target on Care.com and gave the stock a “hold” rating in a report on Wednesday, November 2nd. TheStreet raised Care.com from a “sell” rating to a “hold” rating in a report on Tuesday, November 1st. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $10.83.
In other Care.com news, CFO Michael Echenberg sold 3,904 shares of the business’s stock in a transaction that occurred on Monday, December 12th. The stock was sold at an average price of $8.12, for a total transaction of $31,700.48. Following the completion of the sale, the chief financial officer now directly owns 24,653 shares of the company’s stock, valued at approximately $200,182.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David Krupinski sold 16,582 shares of the business’s stock in a transaction that occurred on Thursday, February 9th. The stock was sold at an average price of $10.01, for a total value of $165,985.82. Following the sale, the insider now directly owns 187,509 shares of the company’s stock, valued at $1,876,965.09. The disclosure for this sale can be found here. Insiders have sold a total of 37,138 shares of company stock valued at $345,106 over the last three months.
Care.com, Inc is an online marketplace for finding and managing family care. The Company has approximately 18.4 million members, including over 10.3 million families and approximately 8.1 million caregivers, spanning over 20 countries. Its consumer matching solutions allow families to search for, qualify, vet, connect with and select caregivers.
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