Care.com, Inc. (CRCM) Sets New 52-Week High Following Better-Than-Expected Earnings
Care.com, Inc. (NYSE:CRCM)’s share price reached a new 52-week high on Thursday following a stronger than expected earnings report. The company traded as high as $16.98 and last traded at $0.00, with a volume of shares. The information services provider reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.10. The company had revenue of $44.50 million for the quarter, compared to analyst estimates of $44.22 million. Care.com had a return on equity of 17.72% and a net margin of 4.46%. The business’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.02 earnings per share.
CRCM has been the topic of several research reports. Zacks Investment Research raised Care.com from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Wednesday, July 19th. BidaskClub lowered Care.com from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Finally, Roth Capital raised Care.com from a “neutral” rating to a “buy” rating and upped their price target for the company from $14.00 to $18.00 in a research note on Thursday.
In other news, General Counsel Diane Musi sold 3,018 shares of the company’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $14.56, for a total transaction of $43,942.08. Following the transaction, the general counsel now owns 33,006 shares of the company’s stock, valued at $480,567.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David Krupinski sold 3,326 shares of the company’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $14.56, for a total value of $48,426.56. Following the transaction, the insider now directly owns 176,128 shares in the company, valued at approximately $2,564,423.68. The disclosure for this sale can be found here. Insiders have sold 106,353 shares of company stock worth $1,726,582 in the last ninety days. 24.70% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently modified their holdings of CRCM. Thompson Davis & CO. Inc. acquired a new position in shares of Care.com during the second quarter valued at $102,000. American International Group Inc. lifted its stake in Care.com by 6.3% in the first quarter. American International Group Inc. now owns 9,782 shares of the information services provider’s stock valued at $122,000 after buying an additional 583 shares during the period. HighTower Advisors LLC acquired a new position in Care.com in the first quarter valued at about $137,000. D.A. Davidson & CO. acquired a new position in Care.com in the second quarter valued at about $139,000. Finally, Wedge Capital Management L L P NC acquired a new position in Care.com in the second quarter valued at about $152,000. 73.75% of the stock is currently owned by institutional investors and hedge funds.
The company has a market cap of $590.53, a P/E ratio of 53.05, a price-to-earnings-growth ratio of 6.33 and a beta of 0.92.
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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.
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