Care.com (CRCM) Downgraded by Zacks Investment Research

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

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 research analysts have also recently issued research reports about the stock. TheStreet upgraded shares of Care.com from a “c” rating to a “b-” rating in a report on Friday, November 17th. Roth Capital upgraded shares of Care.com from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $14.00 to $18.00 in a report on Thursday, November 2nd. Finally, BidaskClub cut shares of Care.com from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $17.67.

Shares of Care.com (CRCM) traded up $0.41 during mid-day trading on Wednesday, hitting $19.06. 435,747 shares of the company were exchanged, compared to its average volume of 394,850. The firm has a market capitalization of $573.39, a PE ratio of 238.25, a P/E/G ratio of 2.67 and a beta of 1.05. Care.com has a 52-week low of $8.05 and a 52-week high of $20.88.

Care.com (NYSE:CRCM) last announced its quarterly earnings data on Thursday, November 2nd. The information services provider reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.10. The firm had revenue of $44.50 million during the quarter, compared to analysts’ expectations of $44.22 million. Care.com had a net margin of 4.46% and a return on equity of 17.27%. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.02 earnings per share. sell-side analysts expect that Care.com will post 0.31 earnings per share for the current year.

In related news, insider David Krupinski sold 20,000 shares of Care.com stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $16.24, for a total value of $324,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director J Sanford Miller sold 31,987 shares of Care.com stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $17.45, for a total transaction of $558,173.15. The disclosure for this sale can be found here. Insiders sold 246,248 shares of company stock valued at $4,311,958 in the last quarter. 35.90% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the stock. Janus Henderson Group PLC purchased a new position in Care.com in the second quarter worth approximately $7,371,000. Foundry Partners LLC purchased a new stake in shares of Care.com during the 3rd quarter worth approximately $2,700,000. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of Care.com during the 3rd quarter worth approximately $530,000. Vanguard Group Inc. lifted its position in shares of Care.com by 6.6% during the 2nd quarter. Vanguard Group Inc. now owns 1,029,498 shares of the information services provider’s stock worth $15,545,000 after buying an additional 63,848 shares during the last quarter. Finally, Chicago Equity Partners LLC lifted its position in shares of Care.com by 14.2% during the 3rd quarter. Chicago Equity Partners LLC now owns 115,915 shares of the information services provider’s stock worth $1,842,000 after buying an additional 14,385 shares during the last quarter. Institutional investors own 74.29% of the company’s stock.

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About Care.com

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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