Care.com Inc (NASDAQ:CRCM) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday.
According to Zacks, “Care.com, Inc. provides online marketplace for finding and managing family care primarily in the United States and internationally. Its platform provides care needs which consists of 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 helps caregivers find employment opportunities. Care.com, Inc. is based in Waltham, Massachusetts. “
Other equities research analysts have also issued reports about the stock. Needham & Company LLC reissued 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. Morgan Stanley increased their target price on shares of Care.com from $6.00 to $9.50 and gave the stock an “equal weight” rating in a report on Thursday, July 28th. JPMorgan Chase & Co. reissued a “hold” rating on shares of Care.com in a report on Thursday, June 30th. Finally, Roth Capital initiated coverage on shares of Care.com in a report on Friday, September 9th. They issued a “neutral” rating and a $10.50 target price for the company. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $11.00.
Shares of Care.com (NASDAQ:CRCM) opened at 10.40 on Tuesday. The firm’s 50-day moving average is $10.38 and its 200 day moving average is $8.93. Care.com has a 12 month low of $4.90 and a 12 month high of $12.00. The company’s market capitalization is $297.44 million.
Care.com (NASDAQ:CRCM) last released its quarterly earnings results on Wednesday, July 27th. The company reported ($0.03) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by $0.01. The firm had revenue of $38.20 million for the quarter, compared to analysts’ expectations of $37.97 million. During the same period in the prior year, the firm earned ($0.12) earnings per share. The firm’s revenue was up 16.0% on a year-over-year basis. Equities analysts expect that Care.com will post $0.17 EPS for the current year.
In other Care.com news, insider David Krupinski sold 6,000 shares of the company’s stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $10.36, for a total value of $62,160.00. Following the completion of the transaction, the insider now directly owns 180,428 shares in the company, valued at approximately $1,869,234.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Michael Echenberg sold 3,872 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 18,368 shares of the company’s stock, valued at $180,557.44. The disclosure for this sale can be found here.
Hedge funds and other institutional investors have recently bought and sold shares of the company. EAM Investors LLC acquired a new position in Care.com during the second quarter valued at $2,689,000. Vanguard Group Inc. increased its position in Care.com by 19.4% in the second quarter. Vanguard Group Inc. now owns 721,915 shares of the company’s stock valued at $8,432,000 after buying an additional 117,216 shares during the last quarter. Bridgeway Capital Management Inc. acquired a new position in Care.com during the second quarter valued at $1,070,000. Chicago Equity Partners LLC acquired a new position in Care.com during the second quarter valued at $923,000. Finally, American Century Companies Inc. acquired a new position in Care.com during the second quarter valued at $278,000.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Care.com Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Care.com Inc and related companies with MarketBeat.com's FREE daily email newsletter.