Care.com, Inc. (CRCM) Downgraded by BidaskClub to Strong Sell
BidaskClub lowered shares of Care.com, Inc. (NYSE:CRCM) from a sell rating to a strong sell rating in a report released on Friday morning.
Several other research analysts have also recently weighed in on CRCM. Roth Capital set a $14.00 price objective on shares of Care.com and gave the company a hold rating in a report on Monday, June 12th. Zacks Investment Research cut shares of Care.com from a strong-buy rating to a hold rating in a report on Tuesday, July 4th. Finally, Stifel Nicolaus boosted their price objective on shares of Care.com from $12.00 to $14.00 and gave the company a buy rating in a report on Friday, August 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $15.00.
Care.com (NYSE:CRCM) traded up 3.89% during midday trading on Friday, reaching $14.43. 131,092 shares of the company’s stock traded hands. The firm’s 50-day moving average is $14.80 and its 200 day moving average is $13.96. The firm has a market cap of $429.57 million, a PE ratio of 577.20 and a beta of 0.92. Care.com has a 52-week low of $7.51 and a 52-week high of $16.50.
Care.com (NYSE:CRCM) last issued its earnings results on Thursday, August 10th. The information services provider reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.15. Care.com had a net margin of 3.66% and a return on equity of 10.98%. The firm had revenue of $42.00 million for the quarter, compared to the consensus estimate of $41.34 million. During the same quarter in the prior year, the firm posted ($0.03) earnings per share. The business’s revenue was up 9.9% on a year-over-year basis. Equities research analysts expect that Care.com will post $0.40 earnings per share for the current fiscal year.
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In other news, insider David Krupinski sold 4,175 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $14.71, for a total transaction of $61,414.25. Following the completion of the transaction, the insider now directly owns 176,284 shares of the company’s stock, valued at $2,593,137.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Diane Musi sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $14.66, for a total transaction of $29,320.00. Following the transaction, the general counsel now directly owns 30,593 shares of the company’s stock, valued at $448,493.38. The disclosure for this sale can be found here. Insiders have sold 24,673 shares of company stock valued at $360,728 over the last three months. 24.70% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. American International Group Inc. raised its holdings in shares of Care.com by 6.3% during the first quarter. American International Group Inc. now owns 9,782 shares of the information services provider’s stock valued at $122,000 after purchasing an additional 583 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Care.com by 13.8% during the second quarter. Wells Fargo & Company MN now owns 11,711 shares of the information services provider’s stock valued at $176,000 after buying an additional 1,420 shares during the last quarter. Teachers Advisors LLC increased its holdings in Care.com by 2.3% during the second quarter. Teachers Advisors LLC now owns 87,415 shares of the information services provider’s stock valued at $1,320,000 after buying an additional 1,929 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Care.com by 3.4% during the second quarter. Bank of New York Mellon Corp now owns 75,513 shares of the information services provider’s stock valued at $1,140,000 after buying an additional 2,491 shares during the last quarter. Finally, UBS Group AG increased its holdings in Care.com by 9.0% during the first quarter. UBS Group AG now owns 37,460 shares of the information services provider’s stock valued at $469,000 after buying an additional 3,080 shares during the last quarter. 73.68% of the stock is owned by hedge funds and other institutional investors.
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.
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