Care.com, Inc. (NYSE:CRCM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Tuesday.

According to Zacks, “Care.com, Inc. provides online marketplace for finding and managing family care primarily in the United States and internationally. Its platform provides care needs which consists of 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 helps caregivers find employment opportunities. Care.com, Inc. is based in Waltham, Massachusetts. “

CRCM has been the topic of a number of other research reports. BidaskClub downgraded Care.com from a “sell” rating to a “strong sell” rating in a report on Friday, September 22nd. Roth Capital set a $14.00 price objective on Care.com and gave the stock a “hold” rating in a report on Monday, June 12th. Finally, Stifel Nicolaus increased their price objective on Care.com from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Friday, August 11th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Care.com currently has a consensus rating of “Hold” and a consensus target price of $15.33.

Care.com (CRCM) traded up 0.56% during midday trading on Tuesday, reaching $16.30. The company has a market cap of $485.23 million, a P/E ratio of 652.00 and a beta of 0.94. Care.com has a 52 week low of $7.51 and a 52 week high of $16.61. The company’s 50-day moving average price is $15.07 and its 200 day moving average price is $14.43.

Care.com (NYSE:CRCM) last released its quarterly earnings data on Thursday, August 10th. The information services provider reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.15. Care.com had a return on equity of 10.98% and a net margin of 3.66%. The firm had revenue of $42.00 million for the quarter, compared to the consensus estimate of $41.34 million. During the same quarter in the prior year, the company posted ($0.03) earnings per share. The firm’s revenue was up 9.9% on a year-over-year basis. Equities analysts anticipate that Care.com will post $0.40 EPS for the current fiscal year.

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In other Care.com news, insider David Krupinski sold 3,326 shares of the stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $14.56, for a total transaction of $48,426.56. Following the transaction, the insider now owns 176,128 shares in the company, valued at $2,564,423.68. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Diane Musi sold 2,000 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $14.66, for a total value of $29,320.00. Following the transaction, the general counsel now owns 30,593 shares in the company, valued at approximately $448,493.38. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,498 shares of company stock worth $269,913. Corporate insiders own 24.70% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Thompson Davis & CO. Inc. acquired a new position in Care.com during the second quarter valued at approximately $102,000. American International Group Inc. grew its holdings in Care.com by 6.3% during the first quarter. American International Group Inc. now owns 9,782 shares of the information services provider’s stock valued at $122,000 after purchasing an additional 583 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Care.com during the first quarter valued at approximately $137,000. HighTower Advisors LLC acquired a new position in Care.com during the first quarter valued at approximately $137,000. Finally, D.A. Davidson & CO. acquired a new position in Care.com during the second quarter valued at approximately $139,000. Institutional investors own 73.68% of the company’s stock.

Care.com Company Profile

Care.com, Inc is an online marketplace for finding and managing family care. As of December 31, 2016, the Company had 22.8 million members, including 12.9 million families and 9.9 million caregivers, spanning 19 countries. Its consumer matching solutions allow families to search for, qualify, vet, connect with and select caregivers.

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