Care.com Inc (CRCM) Receives Consensus Recommendation of “Buy” from Analysts

Care.com Inc (NYSE:CRCM) has received a consensus recommendation of “Buy” from the six brokerages that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $22.96.

A number of equities analysts have weighed in on the stock. Zacks Investment Research upgraded shares of 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 shares of Care.com to $26.00 and gave the stock a “buy” rating in a research report on Friday, January 18th. Roth Capital increased their target price on shares of Care.com from $24.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, February 14th. Finally, ValuEngine upgraded shares of Care.com from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 21st.

CRCM opened at $16.22 on Friday. The stock has a market cap of $528.24 million, a P/E ratio of 45.06, a P/E/G ratio of 5.31 and a beta of 1.30. Care.com has a fifty-two week low of $15.14 and a fifty-two week high of $25.81.

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

In other news, Director Marla J. Blow sold 2,770 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $19.77, for a total value of $54,762.90. Following the sale, the director now directly owns 20,595 shares of the company’s stock, valued at $407,163.15. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Sheila Lirio Marcelo sold 55,046 shares of the stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $19.92, for a total transaction of $1,096,516.32. Following the completion of the sale, the insider now directly owns 1,159,486 shares in the company, valued at $23,096,961.12. The disclosure for this sale can be found here. Insiders have sold 108,998 shares of company stock valued at $2,285,160 in the last quarter. Company insiders own 30.90% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Northern Trust Corp raised its stake in Care.com by 0.4% in the fourth quarter. Northern Trust Corp now owns 257,480 shares of the information services provider’s stock valued at $4,972,000 after purchasing an additional 1,039 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in Care.com in the fourth quarter valued at approximately $31,000. Van Hulzen Asset Management LLC raised its stake in Care.com by 12.2% in the fourth quarter. Van Hulzen Asset Management LLC now owns 18,129 shares of the information services provider’s stock valued at $350,000 after purchasing an additional 1,974 shares in the last quarter. Strs Ohio raised its stake in Care.com by 3.2% in the fourth quarter. Strs Ohio now owns 68,389 shares of the information services provider’s stock valued at $1,320,000 after purchasing an additional 2,100 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Care.com in the fourth quarter valued at approximately $43,000. 82.21% of the stock is currently owned by hedge funds and other 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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