Chicago Equity Partners LLC Acquires 14,385 Shares of Care.com, Inc. (CRCM)
Chicago Equity Partners LLC raised its position in shares of Care.com, Inc. (NYSE:CRCM) by 14.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 115,915 shares of the information services provider’s stock after acquiring an additional 14,385 shares during the period. Chicago Equity Partners LLC owned approximately 0.39% of Care.com worth $1,842,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in CRCM. Thompson Davis & CO. Inc. bought a new stake in Care.com during the second quarter valued at about $102,000. American International Group Inc. boosted its holdings in 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 acquiring an additional 583 shares during the period. HighTower Advisors LLC bought a new stake in Care.com during the first quarter valued at about $137,000. D.A. Davidson & CO. bought a new stake in Care.com during the second quarter valued at about $139,000. Finally, Wedge Capital Management L L P NC bought a new stake in Care.com during the second quarter valued at about $152,000. Institutional investors own 74.18% of the company’s stock.
A number of research firms have issued reports on CRCM. Zacks Investment Research cut shares of Care.com from a “buy” rating to a “hold” rating in a report on Thursday, October 19th. Roth Capital set a $14.00 price target on shares of Care.com and gave the company a “hold” rating in a report on Thursday, August 10th. BidaskClub upgraded shares of Care.com from a “strong sell” rating to a “sell” rating in a report on Thursday, September 28th. Finally, Stifel Nicolaus upped their price target 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.
In related news, insider David Krupinski sold 3,326 shares of the stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $14.56, for a total value of $48,426.56. Following the completion of the sale, the insider now owns 176,128 shares in the company, valued at $2,564,423.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Diane Musi sold 15,000 shares of the stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $18.55, for a total transaction of $278,250.00. Following the completion of the sale, the general counsel now owns 48,828 shares of the company’s stock, valued at approximately $905,759.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 127,853 shares of company stock valued at $2,134,052. 35.90% of the stock is owned by corporate insiders.
Shares of Care.com, Inc. (NYSE:CRCM) opened at $18.08 on Monday. Care.com, Inc. has a one year low of $8.01 and a one year high of $20.88. The firm has a market cap of $543.91, a PE ratio of 48.87, a P/E/G ratio of 3.93 and a beta of 0.92.
Care.com (NYSE:CRCM) last released its earnings results 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. Care.com had a net margin of 4.46% and a return on equity of 17.27%. The business had revenue of $44.50 million during the quarter, compared to analysts’ expectations of $44.22 million. During the same quarter last year, the company earned $0.02 earnings per share. The firm’s revenue was up 9.1% on a year-over-year basis. equities analysts expect that Care.com, Inc. will post 0.31 earnings per share for the current fiscal year.
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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