Brokerages Set Care.com Inc (NYSE:CRCM) Target Price at $12.25

Shares of Care.com Inc (NYSE:CRCM) have been assigned an average rating of “Hold” from the seven ratings firms that are covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $12.25.

Several brokerages have recently weighed in on CRCM. BTIG Research raised shares of Care.com from a “neutral” rating to a “buy” rating and set a $13.00 price objective on the stock in a research report on Wednesday. Stifel Nicolaus reissued a “hold” rating and issued a $17.00 price objective on shares of Care.com in a research report on Thursday, May 9th. TheStreet lowered shares of Care.com from a “c” rating to a “d+” rating in a research report on Wednesday, August 7th. Roth Capital restated a “neutral” rating and issued a $10.00 price target (down from $17.00) on shares of Care.com in a research note on Tuesday, August 6th. Finally, ValuEngine upgraded shares of Care.com from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st.

Shares of CRCM traded down $0.04 during trading hours on Thursday, hitting $10.02. The company had a trading volume of 754,800 shares, compared to its average volume of 989,781. The firm has a market cap of $329.62 million, a price-to-earnings ratio of 47.90, a PEG ratio of 134.13 and a beta of 0.92. The business has a fifty day moving average of $10.62 and a 200-day moving average of $16.29. Care.com has a 12 month low of $7.61 and a 12 month high of $25.81. The company has a quick ratio of 2.85, a current ratio of 2.85 and a debt-to-equity ratio of 0.20.



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

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

Several hedge funds have recently added to or reduced their stakes in CRCM. Aperio Group LLC acquired a new stake in Care.com during the second quarter worth about $37,000. Pacer Advisors Inc. acquired a new stake in Care.com during the second quarter worth about $79,000. BNP Paribas Arbitrage SA grew its stake in 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 worth $82,000 after buying an additional 4,140 shares in the last quarter. Tower Research Capital LLC TRC acquired a new stake in Care.com during the second quarter worth about $89,000. Finally, Oppenheimer Asset Management Inc. grew its stake in Care.com by 192.8% during the first quarter. Oppenheimer Asset Management Inc. now owns 4,732 shares of the information services provider’s stock worth $94,000 after buying an additional 3,116 shares in the last quarter. Institutional investors and hedge funds 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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