Bank of New York Mellon Corp decreased its stake in shares of Care.com Inc (NASDAQ:CRCM) by 12.0% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 76,809 shares of the company’s stock after selling 10,436 shares during the period. Bank of New York Mellon Corp owned 0.27% of Care.com worth $898,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Acadian Asset Management LLC purchased a new position in shares of Care.com during the second quarter valued at about $134,000. American Century Companies Inc. bought a new position in shares of Care.com during the second quarter worth about $278,000. Finally, Chicago Equity Partners LLC bought a new position in shares of Care.com during the second quarter worth about $923,000.
Shares of Care.com Inc (NASDAQ:CRCM) traded down 0.76% on Monday, hitting $9.09. The stock had a trading volume of 37,046 shares. The company’s market capitalization is $259.97 million. Care.com Inc has a one year low of $4.90 and a one year high of $12.00. The firm has a 50 day moving average price of $10.08 and a 200 day moving average price of $9.17.
Care.com (NASDAQ:CRCM) last issued its quarterly earnings results on Wednesday, July 27th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by $0.01. The firm had revenue of $38.20 million for the quarter, compared to the consensus estimate of $37.97 million. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.12) EPS. On average, equities research analysts predict that Care.com Inc will post $0.16 earnings per share for the current fiscal year.
A number of equities analysts recently issued reports on the company. Zacks Investment Research upgraded Care.com from a “sell” rating to a “hold” rating in a report on Tuesday, September 27th. Roth Capital assumed coverage on Care.com in a report on Friday, September 9th. They issued a “neutral” rating and a $10.50 target price on the stock. Morgan Stanley lifted their target price on Care.com from $6.00 to $9.50 and gave the stock an “equal weight” rating in a report on Thursday, July 28th. Needham & Company LLC restated a “buy” rating and issued a $13.00 target price (up from $12.00) on shares of Care.com in a report on Thursday, July 28th. Finally, JPMorgan Chase & Co. restated a “hold” rating on shares of Care.com in a report on Thursday, June 30th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $11.00.
In other news, CFO Michael Echenberg sold 3,872 shares of Care.com stock in a transaction on Monday, September 12th. The shares were sold at an average price of $9.83, for a total transaction of $38,061.76. Following the transaction, the chief financial officer now owns 18,368 shares in the company, valued at $180,557.44. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 transaction, the general counsel now owns 72,382 shares in the company, valued at approximately $719,477.08. 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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