Somewhat Positive Media Coverage Somewhat Unlikely to Impact Care.com (CRCM) Share Price
Media headlines about Care.com (NYSE:CRCM) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Care.com earned a coverage optimism score of 0.04 on Accern’s scale. Accern also assigned news coverage about the information services provider an impact score of 46.4871932873326 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
A number of brokerages have recently commented on CRCM. Stifel Nicolaus lifted their price objective on Care.com from $18.00 to $20.00 and gave the company a “hold” rating in a research report on Wednesday, May 9th. ValuEngine downgraded Care.com from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 30th. Zacks Investment Research downgraded Care.com from a “hold” rating to a “sell” rating in a research report on Friday, August 3rd. Finally, Craig Hallum set a $24.00 price target on Care.com and gave the company a “buy” rating in a research report on Tuesday, July 31st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $20.75.
CRCM stock traded down $0.12 during trading on Tuesday, reaching $19.31. 5,331 shares of the stock traded hands, compared to its average volume of 192,170. Care.com has a 52-week low of $13.15 and a 52-week high of $22.95. The company has a market cap of $607.46 million, a PE ratio of 71.52, a price-to-earnings-growth ratio of 6.17 and a beta of 1.06.
In other Care.com news, CEO Sheila Lirio Marcelo sold 17,206 shares of the business’s stock in a transaction dated Tuesday, June 12th. The stock was sold at an average price of $21.58, for a total transaction of $371,305.48. Following the transaction, the chief executive officer now owns 980,431 shares in the company, valued at $21,157,700.98. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider David Krupinski sold 10,000 shares of the business’s stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $18.26, for a total value of $182,600.00. Following the transaction, the insider now owns 139,181 shares in the company, valued at approximately $2,541,445.06. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 57,045 shares of company stock worth $1,190,818. 30.90% of the stock is currently owned by insiders.
Care.com, Inc operates an online marketplace for finding and managing family care in the United States and internationally. The company helps families to address their lifecycle of care needs, including child care, senior care, and special needs care, as well as other non-medical family care needs, such as pet care, tutoring, and housekeeping; and enables caregivers to find full-time and part-time employment opportunities.
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