Care.com (CRCM) Getting Somewhat Negative News Coverage, Study Finds

Media coverage about Care.com (NYSE:CRCM) has been trending somewhat negative recently, AlphaOne reports. The research group, a division of Accern, identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real-time. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Care.com earned a coverage optimism score of -0.02 on AlphaOne’s scale. AlphaOne also gave media headlines about the company an impact score of 66 out of 100, indicating that recent media coverage is likely to have an impact on the company’s share price in the next few days.

Care.com (NYSE:CRCM) traded down 1.95% on Thursday, hitting $11.56. The company’s stock had a trading volume of 70,272 shares. Care.com has a 1-year low of $5.81 and a 1-year high of $12.97. The company has a market capitalization of $337.03 million, a P/E ratio of 112.23 and a beta of 0.78. The company has a 50 day moving average price of $11.27 and a 200-day moving average price of $9.52.

Care.com (NYSE:CRCM) last issued its quarterly earnings data on Thursday, March 9th. The company reported $0.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.04. The firm had revenue of $43.50 million for the quarter, compared to analysts’ expectations of $42.15 million. Care.com had a net margin of 2.35% and a negative return on equity of 1.53%. The company’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.15 earnings per share. On average, equities analysts forecast that Care.com will post $0.35 earnings per share for the current fiscal year.

Several equities research analysts recently commented on CRCM shares. Zacks Investment Research raised Care.com from a “hold” rating to a “strong-buy” rating and set a $13.00 target price on the stock in a report on Wednesday, March 15th. Roth Capital set a $11.00 target price on Care.com and gave the stock a “hold” rating in a report on Saturday, March 11th. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $11.63.

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In other Care.com news, CFO Michael Echenberg sold 18,301 shares of the company’s stock in a transaction dated Friday, March 10th. The shares were sold at an average price of $10.62, for a total transaction of $194,356.62. Following the sale, the chief financial officer now directly owns 30,406 shares of the company’s stock, valued at $322,911.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Diane Musi sold 3,136 shares of the company’s stock in a transaction dated Friday, March 10th. The stock was sold at an average price of $10.62, for a total transaction of $33,304.32. Following the sale, the general counsel now directly owns 60,245 shares in the company, valued at $639,801.90. The disclosure for this sale can be found here. Insiders have sold 65,875 shares of company stock worth $688,231 over the last ninety days. Insiders own 24.70% of the company’s stock.

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.

5 Day Chart for NYSE:CRCM

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