Care.com, Inc. (NYSE:CRCM) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Tuesday. The brokerage presently has a $17.00 target price on the information services provider’s stock. Zacks Investment Research‘s target price points to a potential upside of 10.89% from the company’s current price.

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. “

Other analysts have also issued research reports about the company. BidaskClub upgraded Care.com from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Stifel Nicolaus upped their target price on Care.com from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Friday, August 11th. Finally, Roth Capital set a $14.00 target price on Care.com and gave the stock a “hold” rating in a report on Thursday, August 10th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $15.00.

Shares of Care.com (NYSE:CRCM) traded up 0.13% on Tuesday, hitting $15.33. The stock had a trading volume of 103,839 shares. Care.com has a 52-week low of $7.51 and a 52-week high of $16.92. The company has a 50-day moving average of $15.34 and a 200-day moving average of $14.68. The company has a market cap of $456.36 million, a P/E ratio of 613.20 and a beta of 0.94.

Care.com (NYSE:CRCM) last announced its quarterly earnings results on Thursday, August 10th. The information services provider reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.15. The firm had revenue of $42.00 million during the quarter, compared to analyst estimates of $41.34 million. Care.com had a return on equity of 10.98% and a net margin of 3.66%. Care.com’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.03) earnings per share. On average, equities analysts anticipate that Care.com will post $0.40 EPS for the current fiscal year.

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In related news, insider Sheila Lirio Marcelo sold 5,000 shares of the company’s stock in a transaction on Tuesday, October 17th. The stock was sold at an average price of $16.18, for a total value of $80,900.00. Following the transaction, the insider now directly owns 952,273 shares of the company’s stock, valued at approximately $15,407,777.14. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel Diane Musi sold 2,000 shares of the company’s stock in a transaction 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 completion of the transaction, the general counsel now directly owns 30,593 shares in the company, valued at $448,493.38. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 62,178 shares of company stock worth $973,576. Insiders own 24.70% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CRCM. Lord Abbett & CO. LLC acquired a new position in shares of Care.com in the 2nd quarter valued at $10,313,000. Janus Henderson Group PLC acquired a new position in shares of Care.com in the 2nd quarter valued at $7,371,000. Pier Capital LLC acquired a new position in shares of Care.com in the 2nd quarter valued at $5,686,000. Renaissance Technologies LLC increased its position in shares of Care.com by 37.3% in the 1st quarter. Renaissance Technologies LLC now owns 865,300 shares of the information services provider’s stock valued at $10,825,000 after acquiring an additional 235,200 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of Care.com by 27.1% in the 1st quarter. Vanguard Group Inc. now owns 965,650 shares of the information services provider’s stock valued at $12,081,000 after acquiring an additional 206,029 shares during the period. 73.74% of the stock is currently owned by hedge funds and other institutional investors.

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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