Traders Purchase Large Volume of Care.com Call Options (NYSE:CRCM)

Care.com Inc (NYSE:CRCM) saw unusually large options trading on Wednesday. Stock traders bought 2,380 call options on the stock. This represents an increase of approximately 1,445% compared to the average daily volume of 154 call options.

Shares of NYSE CRCM opened at $11.93 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.57 and a quick ratio of 2.57. The company has a market cap of $408.47 million, a P/E ratio of 33.14, a PEG ratio of 5.90 and a beta of 0.97. Care.com has a 1 year low of $7.61 and a 1 year high of $25.81. The firm has a 50-day simple moving average of $11.17 and a two-hundred day simple moving average of $11.69.

Care.com (NYSE:CRCM) last announced its quarterly earnings data on Wednesday, November 6th. The information services provider reported $0.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.15. The business had revenue of $53.29 million during the quarter, compared to the consensus estimate of $52.23 million. Care.com had a negative net margin of 9.43% and a positive return on equity of 7.48%. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.18 earnings per share. As a group, equities research analysts expect that Care.com will post 0.14 EPS for the current year.

In related news, insider David Krupinski sold 3,120 shares of Care.com stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $9.82, for a total value of $30,638.40. Following the completion of the transaction, the insider now owns 154,635 shares in the company, valued at $1,518,515.70. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Sheila Lirio Marcelo sold 17,090 shares of Care.com stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $9.82, for a total value of $167,823.80. Following the completion of the transaction, the chief executive officer now owns 1,228,970 shares of the company’s stock, valued at approximately $12,068,485.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,488 shares of company stock valued at $211,012. 28.10% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its stake in Care.com by 5,040.1% in the second 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. Renaissance Technologies LLC lifted its stake in Care.com by 17.6% in the second 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. Voloridge Investment Management LLC bought a new stake in Care.com in the second quarter worth about $168,000. State of Tennessee Treasury Department lifted its stake in Care.com by 4.4% in the third quarter. State of Tennessee Treasury Department now owns 28,654 shares of the information services provider’s stock worth $300,000 after purchasing an additional 1,200 shares during the last quarter. Finally, Aperio Group LLC bought a new stake in Care.com in the second quarter worth about $37,000. 81.40% of the stock is owned by institutional investors and hedge funds.

Several research analysts recently commented on the company. BTIG Research upgraded Care.com from a “neutral” rating to a “buy” rating and set a $13.00 price target for the company in a research report on Wednesday, August 14th. TheStreet downgraded shares of Care.com from a “c” rating to a “d+” rating in a research note on Wednesday, August 7th. Craig Hallum raised their price objective on shares of Care.com from $9.00 to $13.00 and gave the stock an “in-line” rating in a research note on Thursday, November 7th. Zacks Investment Research downgraded shares of Care.com from a “buy” rating to a “hold” rating in a research note on Friday, October 4th. Finally, Stifel Nicolaus raised their price objective on shares of Care.com from $10.00 to $12.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $11.80.

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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