Care.com (CRCM) Downgraded by ValuEngine to “Hold”

ValuEngine lowered shares of Care.com (NYSE:CRCM) from a buy rating to a hold rating in a research report released on Wednesday, ValuEngine reports.

A number of other brokerages also recently issued reports on CRCM. Roth Capital upped their price target on Care.com from $24.00 to $30.00 and gave the stock a buy rating in a research report on Thursday, February 14th. BTIG Research upped their price target on Care.com to $26.00 and gave the stock a buy rating in a research report on Friday, January 18th. Finally, Zacks Investment Research downgraded Care.com from a buy rating to a hold rating in a research report on Friday, March 8th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Care.com has an average rating of Hold and a consensus price target of $19.37.

Shares of NYSE:CRCM opened at $14.67 on Wednesday. The company has a market capitalization of $551.15 million, a P/E ratio of 40.75, a price-to-earnings-growth ratio of 4.86 and a beta of 1.19. Care.com has a 52 week low of $13.71 and a 52 week high of $25.81. The company has a quick ratio of 3.20, a current ratio of 2.75 and a debt-to-equity ratio of 0.14.

Care.com (NYSE:CRCM) last issued its quarterly earnings data on Thursday, May 9th. The information services provider reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.17. The company had revenue of $53.30 million during the quarter, compared to the consensus estimate of $52.75 million. Care.com had a net margin of 24.80% and a return on equity of 7.81%. Care.com’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.19 earnings per share. On average, sell-side analysts predict that Care.com will post 0.2 EPS for the current fiscal year.

In other news, insider Sheila Lirio Marcelo sold 30,000 shares of the company’s stock in a transaction on Monday, February 11th. The stock was sold at an average price of $23.71, for a total transaction of $711,300.00. Following the transaction, the insider now directly owns 1,105,646 shares of the company’s stock, valued at $26,214,866.66. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Michael Echenberg sold 9,513 shares of the company’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $19.95, for a total value of $189,784.35. Following the transaction, the chief financial officer now directly owns 44,788 shares in the company, valued at $893,520.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 120,234 shares of company stock worth $2,469,420. Insiders own 30.90% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Oppenheimer Asset Management Inc. purchased a new stake in shares of Care.com during the fourth quarter valued at $31,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Care.com during the fourth quarter valued at $43,000. BNP Paribas Arbitrage SA grew its holdings in shares of Care.com by 82,800.0% during the first quarter. BNP Paribas Arbitrage SA now owns 4,145 shares of the information services provider’s stock valued at $82,000 after buying an additional 4,140 shares during the last quarter. Great West Life Assurance Co. Can purchased a new stake in shares of Care.com during the fourth quarter valued at $96,000. Finally, Metropolitan Life Insurance Co. NY grew its holdings in shares of Care.com by 263.6% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 5,337 shares of the information services provider’s stock valued at $103,000 after buying an additional 3,869 shares during the last quarter. 70.53% of the stock is currently owned by hedge funds and other institutional investors.

About Care.com

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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