Care.com Inc (NASDAQ:CRCM) has received a consensus recommendation of “Buy” from the six research firms that are covering the stock. Four equities research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $11.63.
A number of analysts have recently weighed in on CRCM shares. Zacks Investment Research raised shares of Care.com from a “hold” rating to a “strong-buy” rating and set a $13.00 price target for the company in a research note on Wednesday, March 15th. Roth Capital set a $11.00 price target on shares of Care.com and gave the stock a “hold” rating in a research note on Saturday, March 11th.
Care.com (NASDAQ:CRCM) opened at 11.92 on Monday. Care.com has a 52 week low of $5.78 and a 52 week high of $12.30. The stock’s 50 day moving average is $9.99 and its 200-day moving average is $9.31. The stock has a market capitalization of $347.53 million and a PE ratio of 115.73.
Care.com (NASDAQ:CRCM) last issued its quarterly earnings results on Thursday, March 9th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.04. The company earned $43.50 million during the quarter, compared to analyst estimates of $42.15 million. The company’s revenue was up 15.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.15 earnings per share. Equities research analysts forecast that Care.com will post $0.35 EPS for the current year.
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In other news, insider David Krupinski sold 16,582 shares of the company’s stock in a transaction that occurred on Thursday, February 9th. The shares were sold at an average price of $10.01, for a total value of $165,985.82. Following the completion of the sale, the insider now directly owns 187,509 shares of the company’s stock, valued at approximately $1,876,965.09. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Michael Echenberg sold 18,301 shares of the company’s stock in a transaction that occurred on Friday, March 10th. The stock was sold at an average price of $10.62, for a total transaction of $194,356.62. Following the completion of the sale, the chief financial officer now directly owns 30,406 shares of the company’s stock, valued at $322,911.72. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 55,275 shares of company stock valued at $557,241.
Several hedge funds have recently modified their holdings of the company. Royce & Associates LP raised its stake in Care.com by 2.5% in the fourth quarter. Royce & Associates LP now owns 1,567,703 shares of the company’s stock valued at $13,435,000 after buying an additional 37,548 shares in the last quarter. Renaissance Technologies LLC raised its stake in Care.com by 11.5% in the fourth quarter. Renaissance Technologies LLC now owns 630,100 shares of the company’s stock valued at $5,400,000 after buying an additional 65,200 shares in the last quarter. Lafitte Capital Management LP raised its stake in Care.com by 9.1% in the fourth quarter. Lafitte Capital Management LP now owns 600,341 shares of the company’s stock valued at $5,145,000 after buying an additional 50,000 shares in the last quarter. Spark Investment Management LLC raised its stake in Care.com by 479.6% in the third quarter. Spark Investment Management LLC now owns 292,700 shares of the company’s stock valued at $2,915,000 after buying an additional 242,200 shares in the last quarter. Finally, State Street Corp raised its stake in Care.com by 2.2% in the fourth quarter. State Street Corp now owns 260,904 shares of the company’s stock valued at $2,239,000 after buying an additional 5,505 shares in the last quarter.
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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