Care.com (CRCM) Upgraded at ValuEngine

Care.com (NYSE:CRCM) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Thursday, ValuEngine reports.

CRCM has been the subject of several other research reports. Zacks Investment Research raised Care.com from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research report on Monday, January 7th. BTIG Research increased their target price on Care.com to $26.00 and gave the stock a “buy” rating in a research report on Friday, January 18th. Finally, Roth Capital increased their target price on Care.com from $24.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, February 14th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $22.97.

Shares of NYSE:CRCM traded up $0.17 during trading on Thursday, hitting $16.54. The stock had a trading volume of 323,700 shares, compared to its average volume of 474,303. Care.com has a 12 month low of $15.14 and a 12 month high of $25.81. The firm has a market capitalization of $524.11 million, a P/E ratio of 45.94, a P/E/G ratio of 5.29 and a beta of 1.30.

Care.com (NYSE:CRCM) last announced its earnings results on Thursday, March 7th. The information services provider reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.16. Care.com had a return on equity of 11.86% and a net margin of 27.51%. The firm had revenue of $49.80 million during the quarter, compared to analyst estimates of $49.95 million. During the same quarter in the prior year, the company earned $0.32 EPS. The business’s revenue was up 12.7% compared to the same quarter last year. On average, analysts forecast that Care.com will post 0.2 earnings per share for the current fiscal year.

In related news, General Counsel Diane Musi sold 5,055 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $19.95, for a total transaction of $100,847.25. Following the completion of the transaction, the general counsel now owns 35,603 shares of the company’s stock, valued at approximately $710,279.85. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Sheila Lirio Marcelo sold 55,046 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $19.92, for a total value of $1,096,516.32. Following the transaction, the insider now directly owns 1,159,486 shares of the company’s stock, valued at approximately $23,096,961.12. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 108,998 shares of company stock valued at $2,285,160. 30.90% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of CRCM. Northern Trust Corp increased its holdings in shares of Care.com by 0.4% in the 4th quarter. Northern Trust Corp now owns 257,480 shares of the information services provider’s stock worth $4,972,000 after purchasing an additional 1,039 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of Care.com in the 4th quarter worth $31,000. Van Hulzen Asset Management LLC increased its holdings in shares of Care.com by 12.2% in the 4th quarter. Van Hulzen Asset Management LLC now owns 18,129 shares of the information services provider’s stock worth $350,000 after purchasing an additional 1,974 shares in the last quarter. Strs Ohio increased its holdings in shares of Care.com by 3.2% in the 4th quarter. Strs Ohio now owns 68,389 shares of the information services provider’s stock worth $1,320,000 after purchasing an additional 2,100 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Care.com in the 4th quarter worth $43,000. 82.23% of the stock is owned by institutional investors.

Care.com Company Profile

Care.com, Inc operates an online marketplace for finding and managing family care in the United States and internationally. The company helps families to address their lifecycle of care needs, including 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 enables caregivers to find full-time and part-time employment opportunities.

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