Care.com (NYSE:CRCM) Raised to “Buy” at BTIG Research

Care.com (NYSE:CRCM) was upgraded by equities researchers at BTIG Research from a “neutral” rating to a “buy” rating in a research note issued to investors on Wednesday, MarketBeat.com reports. The firm presently has a $13.00 target price on the information services provider’s stock. BTIG Research’s price objective would indicate a potential upside of 29.22% from the stock’s previous close.

A number of other research firms also recently issued reports on CRCM. Zacks Investment Research downgraded Care.com from a “buy” rating to a “hold” rating in a research report on Monday. Craig Hallum reissued a “hold” rating and set a $9.00 price target (down previously from $15.00) on shares of Care.com in a research report on Wednesday, August 7th. ValuEngine raised Care.com from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Roth Capital reissued a “neutral” rating and set a $10.00 price target (down previously from $17.00) on shares of Care.com in a research report on Tuesday, August 6th. Finally, TheStreet downgraded Care.com from a “c” rating to a “d+” rating in a research report on Wednesday, August 7th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Care.com currently has a consensus rating of “Hold” and an average target price of $12.20.

CRCM opened at $10.06 on Wednesday. Care.com has a 12-month low of $7.61 and a 12-month high of $25.81. The company has a current ratio of 2.85, a quick ratio of 2.85 and a debt-to-equity ratio of 0.20. The business’s fifty day simple moving average is $10.64 and its 200-day simple moving average is $16.33. The company has a market capitalization of $305.70 million, a price-to-earnings ratio of 27.94, a PEG ratio of 124.40 and a beta of 0.92.

Care.com (NYSE:CRCM) last posted its quarterly earnings results on Tuesday, August 6th. The information services provider reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. Care.com had a positive return on equity of 7.81% and a negative net margin of 7.61%. The business had revenue of $51.00 million for the quarter, compared to the consensus estimate of $52.20 million. During the same quarter in the prior year, the company earned $0.14 EPS. The business’s revenue was up 10.9% compared to the same quarter last year.

In related news, insider David Krupinski sold 3,052 shares of the company’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $14.37, for a total transaction of $43,857.24. Following the completion of the sale, the insider now directly owns 152,303 shares in the company, valued at approximately $2,188,594.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Chet Kapoor acquired 60,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were bought at an average price of $9.09 per share, with a total value of $545,400.00. The disclosure for this purchase can be found here. Insiders have sold a total of 21,273 shares of company stock valued at $305,693 over the last 90 days. 28.10% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of CRCM. Cloverdale Capital Management LLC purchased a new stake in shares of Care.com during the 2nd quarter worth $10,365,000. Renaissance Technologies LLC lifted its stake in shares of Care.com by 17.6% during the 2nd quarter. Renaissance Technologies LLC now owns 2,386,200 shares of the information services provider’s stock worth $26,200,000 after purchasing an additional 357,500 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Care.com by 5,040.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 249,964 shares of the information services provider’s stock worth $2,749,000 after purchasing an additional 245,101 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its stake in shares of Care.com by 136.3% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 423,405 shares of the information services provider’s stock worth $4,649,000 after purchasing an additional 244,188 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Care.com by 100.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 423,460 shares of the information services provider’s stock worth $8,177,000 after purchasing an additional 212,393 shares during the last quarter. Hedge funds and other institutional investors own 85.99% of the company’s stock.

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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