Care.com, Inc. (CRCM) Shares Sold by Royce & Associates LP
Royce & Associates LP reduced its stake in shares of Care.com, Inc. (NYSE:CRCM) by 53.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 716,170 shares of the information services provider’s stock after selling 824,033 shares during the period. Royce & Associates LP owned approximately 2.44% of Care.com worth $10,814,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. American International Group Inc. raised its position in shares of 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 worth $122,000 after buying an additional 583 shares during the period. Wedge Capital Management L L P NC purchased a new position in shares of Care.com during the second quarter worth $152,000. Campbell & CO Investment Adviser LLC purchased a new position in shares of Care.com during the second quarter worth $154,000. Pillar Pacific Capital Management LLC purchased a new position in shares of Care.com during the second quarter worth $161,000. Finally, HighTower Advisors LLC purchased a new position in shares of Care.com during the first quarter worth $137,000. Hedge funds and other institutional investors own 74.55% of the company’s stock.
Shares of Care.com, Inc. (NYSE CRCM) opened at 15.13 on Friday. Care.com, Inc. has a 12 month low of $7.51 and a 12 month high of $16.50. The firm has a market cap of $450.40 million, a P/E ratio of 605.20 and a beta of 0.92. The company’s 50-day moving average price is $14.92 and its 200-day moving average price is $13.56.
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, beating analysts’ consensus estimates of ($0.04) by $0.15. Care.com had a net margin of 3.66% and a return on equity of 10.98%. The business had revenue of $42 million for the quarter, compared to analysts’ expectations of $41.34 million. During the same quarter in the previous year, the firm posted ($0.03) EPS. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, analysts predict that Care.com, Inc. will post $0.41 EPS for the current year.
A number of equities analysts have recently weighed in on the company. BidaskClub upgraded Care.com from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. Roth Capital set a $14.00 target price on Care.com and gave the stock a “hold” rating in a research note on Thursday, August 10th. Stifel Nicolaus increased their target price on Care.com from $12.00 to $14.00 and gave the stock a “buy” rating in a research note on Friday, August 11th. Finally, Zacks Investment Research lowered Care.com from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $15.00.
In other Care.com news, insider David Krupinski sold 3,825 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $14.66, for a total transaction of $56,074.50. Following the sale, the insider now owns 175,934 shares of the company’s stock, valued at approximately $2,579,192.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Diane Musi sold 9,990 shares of the business’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $15.48, for a total transaction of $154,645.20. Following the sale, the general counsel now directly owns 34,450 shares in the company, valued at approximately $533,286. The disclosure for this sale can be found here. Insiders have sold a total of 44,095 shares of company stock worth $651,424 in the last three months. Insiders own 24.70% of the company’s stock.
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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