Insider Selling: Care.com Inc (CRCM) CFO Sells $38,061.76 in Stock
Care.com Inc (NASDAQ:CRCM) CFO Michael Echenberg sold 3,872 shares of the company’s stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $9.83, for a total value of $38,061.76. Following the transaction, the chief financial officer now owns 18,368 shares in the company, valued at approximately $180,557.44. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of Care.com Inc (NASDAQ:CRCM) opened at 10.25 on Monday. The stock’s market cap is $293.15 million. Care.com Inc has a 1-year low of $4.89 and a 1-year high of $12.00. The company has a 50 day moving average price of $10.66 and a 200 day moving average price of $8.62.
Care.com (NASDAQ:CRCM) last announced its quarterly earnings data on Wednesday, July 27th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by $0.01. The business had revenue of $38.20 million for the quarter, compared to analyst estimates of $37.97 million. Care.com’s revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.12) earnings per share. On average, equities analysts anticipate that Care.com Inc will post $0.17 EPS for the current year.
A number of research firms have weighed in on CRCM. Morgan Stanley reiterated a “hold” rating on shares of Care.com in a report on Thursday, June 30th. Needham & Company LLC restated a “buy” rating and issued a $12.00 price target (up previously from $9.00) on shares of Care.com in a research note on Thursday, June 30th. Roth Capital started coverage on Care.com in a research note on Friday, September 9th. They issued a “neutral” rating and a $10.50 price target on the stock. JPMorgan Chase & Co. restated a “hold” rating on shares of Care.com in a research note on Thursday, June 30th. Finally, Zacks Investment Research downgraded Care.com from a “buy” rating to a “hold” rating in a research note on Tuesday, June 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $11.00.
A number of hedge funds have recently made changes to their positions in the company. Acrospire Investment Management LLC purchased a new stake in shares of Care.com during the second quarter valued at about $102,000. Acadian Asset Management LLC purchased a new stake in shares of Care.com during the second quarter valued at about $134,000. Dynamic Technology Lab Private Ltd increased its stake in shares of Care.com by 1.8% in the second quarter. Dynamic Technology Lab Private Ltd now owns 11,645 shares of the company’s stock valued at $136,000 after buying an additional 211 shares during the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of Care.com by 22.4% in the second quarter. Parametric Portfolio Associates LLC now owns 18,031 shares of the company’s stock valued at $211,000 after buying an additional 3,300 shares during the last quarter. Finally, Gerstein Fisher purchased a new stake in shares of Care.com during the second quarter valued at about $218,000.
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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