Shares of Care.com Inc (NASDAQ:CRCM) have been assigned an average broker rating score of 3.00 (Hold) from the six brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. Care.com’s rating score has declined by 20% from 90 days ago as a result of various analysts’ ratings changes.
Brokers have set a 1-year consensus price target of $10.00 for the company and are expecting that the company will post ($0.07) EPS for the current quarter, according to Zacks. Zacks has also given Care.com an industry rank of 227 out of 265 based on the ratings given to related companies.
Several brokerages have recently issued reports on CRCM. Needham & Company LLC reissued a “buy” rating and issued a $12.00 target price (up previously from $9.00) on shares of Care.com in a research report on Thursday, June 30th. Morgan Stanley increased their target price on Care.com from $6.00 to $9.50 and gave the stock an “equal weight” rating in a research report on Thursday, July 28th. JPMorgan Chase & Co. reissued a “hold” rating on shares of Care.com in a research report on Thursday, June 30th. Zacks Investment Research lowered Care.com from a “buy” rating to a “hold” rating in a research report on Tuesday, June 28th. Finally, Roth Capital began coverage on Care.com in a research report on Friday, September 9th. They issued a “neutral” rating and a $10.50 target price for the company.
In related news, CFO Michael Echenberg sold 3,872 shares of the firm’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 transaction 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 approximately $180,557.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider David Krupinski sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $10.36, for a total value of $62,160.00. Following the transaction, the insider now directly owns 180,428 shares of the company’s stock, valued at approximately $1,869,234.08. The disclosure for this sale can be found here.
A number of hedge funds and other institutional investors have recently bought and sold shares of CRCM. American Century Companies Inc. bought a new position in Care.com during the second quarter worth $278,000. Bridgeway Capital Management Inc. bought a new position in Care.com during the second quarter worth $1,070,000. Parametric Portfolio Associates LLC raised its position in Care.com by 22.4% in the second quarter. Parametric Portfolio Associates LLC now owns 18,031 shares of the company’s stock worth $211,000 after buying an additional 3,300 shares during the period. Citadel Advisors LLC raised its position in Care.com by 88.7% in the second quarter. Citadel Advisors LLC now owns 41,098 shares of the company’s stock worth $480,000 after buying an additional 19,321 shares during the period. Finally, Spark Investment Management LLC raised its position in Care.com by 49.0% in the second quarter. Spark Investment Management LLC now owns 50,500 shares of the company’s stock worth $589,000 after buying an additional 16,600 shares during the period.
Care.com (NASDAQ:CRCM) opened at 9.58 on Wednesday. The stock’s market cap is $273.99 million. Care.com has a 52-week low of $4.90 and a 52-week high of $12.00. The firm has a 50-day moving average price of $10.21 and a 200 day moving average price of $9.08.
Care.com (NASDAQ:CRCM) last released its quarterly earnings data on Wednesday, July 27th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.02) by $0.01. The business earned $38.20 million during the quarter, compared to analyst estimates of $37.97 million. During the same period in the prior year, the business posted ($0.12) EPS. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. On average, analysts forecast that Care.com will post $0.16 earnings per share for the current fiscal year.
Care.com Company Profile
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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