Equities research analysts expect Care.com Inc (NYSE:CRCM) to report $43.95 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Care.com’s earnings. The highest sales estimate is $44.10 million and the lowest is $43.85 million. Care.com posted sales of $43.51 million in the same quarter last year, which suggests a positive year-over-year growth rate of 1%. The company is expected to report its next quarterly earnings results before the market opens on Tuesday, February 27th.
On average, analysts expect that Care.com will report full-year sales of $43.95 million for the current year, with estimates ranging from $173.73 million to $174.00 million. For the next financial year, analysts anticipate that the company will post sales of $190.49 million per share, with estimates ranging from $189.94 million to $191.40 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Care.com.
CRCM has been the subject of a number of research analyst reports. BidaskClub cut Care.com from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Roth Capital upgraded Care.com from a “neutral” rating to a “buy” rating and raised their target price for the company from $14.00 to $18.00 in a research note on Thursday, November 2nd. Zacks Investment Research cut Care.com from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. Finally, TheStreet upgraded Care.com from a “c” rating to a “b-” rating in a research note on Friday, November 17th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Care.com has an average rating of “Buy” and a consensus target price of $17.67.
In other Care.com news, CEO Sheila Lirio Marcelo sold 13,000 shares of Care.com stock in a transaction on Monday, November 20th. The stock was sold at an average price of $18.96, for a total transaction of $246,480.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Diane Musi sold 15,000 shares of Care.com stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $18.01, for a total value of $270,150.00. Following the transaction, the general counsel now owns 48,388 shares of the company’s stock, valued at approximately $871,467.88. The disclosure for this sale can be found here. Insiders have sold 187,874 shares of company stock valued at $3,441,456 in the last quarter. 35.90% of the stock is owned by company insiders.
A number of large investors have recently made changes to their positions in CRCM. Lord Abbett & CO. LLC purchased a new position in Care.com during the second quarter valued at $10,313,000. Janus Henderson Group PLC purchased a new position in Care.com during the second quarter valued at $7,371,000. BlackRock Inc. raised its stake in Care.com by 47.8% during the fourth quarter. BlackRock Inc. now owns 1,204,105 shares of the information services provider’s stock valued at $21,721,000 after buying an additional 389,426 shares during the last quarter. Eagle Asset Management Inc. bought a new stake in shares of Care.com in the 4th quarter worth $4,523,000. Finally, Teacher Retirement System of Texas bought a new stake in shares of Care.com in the 4th quarter worth $3,549,000. Institutional investors and hedge funds own 76.68% of the company’s stock.
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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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