Dynamic Technology Lab Private Ltd increased its position in shares of Care.com Inc (NASDAQ:CRCM) by 1.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,645 shares of the company’s stock after buying an additional 211 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Care.com were worth $136,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in CRCM. Acrospire Investment Management LLC bought a new position in Care.com during the second quarter worth $102,000. Acadian Asset Management LLC bought a new position in Care.com during the second quarter worth $134,000. Gerstein Fisher bought a new position in Care.com during the second quarter worth $218,000. Alambic Investment Management L.P. raised its position in Care.com by 11.4% in the second quarter. Alambic Investment Management L.P. now owns 22,833 shares of the company’s stock worth $267,000 after buying an additional 2,344 shares during the period. Finally, American Century Companies Inc. bought a new position in Care.com during the second quarter worth $278,000.
Shares of Care.com Inc (NASDAQ:CRCM) opened at 9.58 on Friday. The stock’s market capitalization is $273.99 million. The company has a 50-day moving average price of $10.21 and a 200 day moving average price of $9.08. Care.com Inc has a 52 week low of $4.90 and a 52 week high of $12.00.
Care.com (NASDAQ:CRCM) last released its earnings results on Wednesday, July 27th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by $0.01. The firm earned $38.20 million during the quarter, compared to the consensus estimate of $37.97 million. The firm’s revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.12) EPS. Analysts forecast that Care.com Inc will post $0.16 earnings per share for the current fiscal year.
A number of equities analysts recently weighed in on CRCM shares. Needham & Company LLC reiterated a “buy” rating and issued a $12.00 price target (up previously from $9.00) on shares of Care.com in a research report on Thursday, June 30th. Morgan Stanley increased their price objective on Care.com from $6.00 to $9.50 and gave the stock an “equal weight” rating in a research note on Thursday, July 28th. JPMorgan Chase & Co. reissued a “hold” rating on shares of Care.com in a research note on Thursday, June 30th. Zacks Investment Research downgraded Care.com from a “buy” rating to a “hold” rating in a research note on Tuesday, June 28th. Finally, Roth Capital started coverage on Care.com in a research note on Friday, September 9th. They issued a “neutral” rating and a $10.50 price objective for the company. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Care.com presently has an average rating of “Hold” and a consensus price target of $11.00.
In related news, General Counsel Diane Musi sold 6,000 shares of Care.com stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $9.94, for a total transaction of $59,640.00. Following the completion of the sale, the general counsel now directly owns 72,382 shares of the company’s stock, valued at $719,477.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Michael Echenberg sold 3,872 shares of Care.com stock in a transaction on Monday, September 12th. The stock was sold at an average price of $9.83, for a total value of $38,061.76. Following the sale, the chief financial officer now directly owns 18,368 shares of the company’s stock, valued at $180,557.44. The disclosure for this sale can be found here.
Care.com, Inc is an online marketplace for finding and managing family care. The Company has approximately 18.4 million members, including over 10.3 million families and approximately 8.1 million caregivers, spanning over 20 countries. Its consumer matching solutions allow families to search for, qualify, vet, connect with and select caregivers.
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