Care.com (CRCM) Price Target Cut to $21.00 by Analysts at Roth Capital

Care.com (NYSE:CRCM) had its target price reduced by research analysts at Roth Capital from $30.00 to $21.00 in a research report issued on Friday, The Fly reports. The firm currently has a “buy” rating on the information services provider’s stock. Roth Capital’s target price indicates a potential upside of 45.03% from the stock’s current price.

A number of other equities research analysts also recently commented on the company. ValuEngine upgraded Care.com from a “hold” rating to a “buy” rating in a research report on Thursday, April 25th. Craig Hallum cut their price objective on Care.com from $28.00 to $18.00 and set a “buy” rating for the company in a research report on Friday. BTIG Research increased their price objective on Care.com to $26.00 and gave the company a “buy” rating in a research report on Friday, January 18th. Zacks Investment Research downgraded Care.com from a “buy” rating to a “hold” rating in a research report on Friday, March 8th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $17.00 price objective on shares of Care.com in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $19.37.

NYSE CRCM traded down $0.46 on Friday, reaching $14.48. 441,389 shares of the stock traded hands, compared to its average volume of 479,336. The firm has a market cap of $561.34 million, a P/E ratio of 40.22, a PEG ratio of 5.33 and a beta of 1.19. Care.com has a 12 month low of $14.79 and a 12 month high of $25.81.

Care.com (NYSE:CRCM) last issued its quarterly earnings results on Thursday, May 9th. The information services provider reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.17. The firm had revenue of $53.30 million during the quarter, compared to analyst estimates of $52.75 million. Care.com had a return on equity of 11.86% and a net margin of 27.51%. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period last year, the company posted $0.19 EPS. On average, analysts predict that Care.com will post 0.2 EPS for the current year.

In other news, General Counsel Diane Musi sold 1,738 shares of the stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $16.35, for a total value of $28,416.30. Following the completion of the sale, the general counsel now owns 33,865 shares in the company, valued at $553,692.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Sheila Lirio Marcelo sold 55,046 shares of the stock in a transaction 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 completion of the sale, the insider now 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. Insiders sold 120,234 shares of company stock valued at $2,469,420 in the last 90 days. Corporate insiders own 30.90% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its holdings in shares of Care.com by 6.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 90,811 shares of the information services provider’s stock valued at $2,007,000 after acquiring an additional 5,299 shares during the last quarter. BlackRock Inc. grew its stake in Care.com by 10.2% during the 3rd quarter. BlackRock Inc. now owns 2,022,304 shares of the information services provider’s stock worth $44,713,000 after buying an additional 187,622 shares during the last quarter. Dimensional Fund Advisors LP purchased a new position in Care.com during the 3rd quarter worth approximately $4,666,000. JPMorgan Chase & Co. grew its stake in Care.com by 6.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 121,584 shares of the information services provider’s stock worth $2,688,000 after buying an additional 7,627 shares during the last quarter. Finally, MetLife Investment Advisors LLC grew its stake in Care.com by 55.3% during the 3rd quarter. MetLife Investment Advisors LLC now owns 10,868 shares of the information services provider’s stock worth $240,000 after buying an additional 3,869 shares during the last quarter. Institutional investors own 70.53% of the company’s stock.

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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