California State Teachers Retirement System cut its holdings in shares of Care.com Inc (NYSE:CRCM) by 15.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,747 shares of the information services provider’s stock after selling 4,500 shares during the period. California State Teachers Retirement System owned approximately 0.08% of Care.com worth $359,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Janus Henderson Group PLC acquired a new stake in shares of Care.com during the second quarter valued at approximately $7,371,000. Pier Capital LLC acquired a new stake in shares of Care.com during the second quarter valued at approximately $5,686,000. Vanguard Group Inc. raised its holdings in shares of Care.com by 27.1% during the first quarter. Vanguard Group Inc. now owns 965,650 shares of the information services provider’s stock valued at $12,081,000 after acquiring an additional 206,029 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Care.com by 17.3% during the second quarter. Renaissance Technologies LLC now owns 1,014,600 shares of the information services provider’s stock valued at $15,320,000 after acquiring an additional 149,300 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Care.com by 240.2% during the second quarter. Goldman Sachs Group Inc. now owns 151,096 shares of the information services provider’s stock valued at $2,281,000 after acquiring an additional 106,676 shares during the period. 74.29% of the stock is owned by institutional investors and hedge funds.

Care.com Inc (NYSE CRCM) opened at $19.07 on Tuesday. The firm has a market cap of $578.51, a P/E ratio of 51.97, a price-to-earnings-growth ratio of 4.18 and a beta of 1.05. Care.com Inc has a 12 month low of $8.03 and a 12 month high of $20.88.

Care.com (NYSE:CRCM) last released its quarterly earnings data on Thursday, November 2nd. The information services provider reported $0.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.10. The firm had revenue of $44.50 million for the quarter, compared to analyst estimates of $44.22 million. Care.com had a net margin of 4.46% and a return on equity of 17.27%. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.02 EPS. equities research analysts expect that Care.com Inc will post 0.31 earnings per share for the current year.

A number of equities research analysts have recently issued reports on CRCM shares. TheStreet upgraded shares of Care.com from a “c” rating to a “b-” rating in a report on Friday, November 17th. Zacks Investment Research upgraded shares of Care.com from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Wednesday, November 8th. Roth Capital upgraded shares of Care.com from a “neutral” rating to a “buy” rating and upped their price objective for the company from $14.00 to $18.00 in a research note on Thursday, November 2nd. Finally, BidaskClub lowered shares of Care.com from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. Care.com presently has a consensus rating of “Buy” and an average target price of $17.67.

In other news, insider David Krupinski sold 20,000 shares of the stock in a transaction on Monday, October 9th. The shares were sold at an average price of $16.24, for a total transaction of $324,800.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Sheila Lirio Marcelo sold 17,000 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $18.23, for a total transaction of $309,910.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 181,680 shares of company stock worth $3,172,853. Company insiders own 35.90% of the company’s stock.

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Care.com Company Profile

Care.com, Inc is an online marketplace for finding and managing family care. As of December 31, 2016, the Company had 22.8 million members, including 12.9 million families and 9.9 million caregivers, spanning 19 countries. Its consumer matching solutions allow families to search for, qualify, vet, connect with and select caregivers.

Institutional Ownership by Quarter for Care.com (NYSE:CRCM)

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