Shares of Care.com Inc. (NYSE:CRCM) have been given an average recommendation of “Buy” by the eight ratings firms that are currently covering the firm. Five investment analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $8.07.
CRCM has been the topic of a number of research analyst reports. 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 price target on the stock. Needham & Company LLC decreased their price target on shares of Care.com from $12.00 to $9.00 and set a “buy” rating on the stock in a report on Thursday, June 30th.
Large investors have recently made changes to their positions in the stock. Landscape Capital Management L.L.C. acquired a new stake in shares of Care.com during the first quarter worth about $102,000. Spark Investment Management LLC acquired a new stake in shares of Care.com during the first quarter worth about $208,000. Renaissance Technologies LLC boosted its stake in shares of Care.com by 191.4% in the first quarter. Renaissance Technologies LLC now owns 168,700 shares of the company’s stock worth $1,038,000 after buying an additional 110,800 shares during the period. State Street Corp boosted its stake in shares of Care.com by 15.9% in the first quarter. State Street Corp now owns 241,680 shares of the company’s stock worth $1,486,000 after buying an additional 33,202 shares during the period. Finally, potrero capital research llc boosted its stake in shares of Care.com by 30.0% in the first quarter. potrero capital research llc now owns 435,242 shares of the company’s stock worth $2,677,000 after buying an additional 100,391 shares during the period. 63.34% of the stock is owned by institutional investors.
Shares of Care.com (NYSE:CRCM) opened at 9.79 on Tuesday. The company’s market capitalization is $279.99 million. The firm has a 50-day moving average of $10.23 and a 200 day moving average of $9.06. Care.com has a 1-year low of $4.90 and a 1-year high of $12.00.
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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