Bank of New York Mellon Corp Boosts Position in Care.com Inc (CRCM)

Bank of New York Mellon Corp increased its holdings in shares of Care.com Inc (NYSE:CRCM) by 18.0% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 85,512 shares of the information services provider’s stock after purchasing an additional 13,062 shares during the quarter. Bank of New York Mellon Corp owned 0.27% of Care.com worth $1,785,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of CRCM. Northern Trust Corp increased its stake in Care.com by 6.0% during the 1st quarter. Northern Trust Corp now owns 170,102 shares of the information services provider’s stock worth $2,767,000 after purchasing an additional 9,554 shares in the last quarter. BlackRock Inc. increased its stake in Care.com by 2.9% during the 1st quarter. BlackRock Inc. now owns 1,239,238 shares of the information services provider’s stock worth $20,159,000 after purchasing an additional 35,133 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Care.com by 19.7% during the 1st quarter. Russell Investments Group Ltd. now owns 124,009 shares of the information services provider’s stock worth $2,017,000 after purchasing an additional 20,396 shares in the last quarter. Principal Financial Group Inc. increased its stake in Care.com by 52.4% during the 1st quarter. Principal Financial Group Inc. now owns 22,367 shares of the information services provider’s stock worth $364,000 after purchasing an additional 7,694 shares in the last quarter. Finally, UBS Group AG increased its stake in Care.com by 7.9% during the 1st quarter. UBS Group AG now owns 54,464 shares of the information services provider’s stock worth $886,000 after purchasing an additional 3,992 shares in the last quarter. 79.31% of the stock is owned by institutional investors and hedge funds.

CRCM has been the subject of a number of research reports. Craig Hallum set a $24.00 target price on Care.com and gave the stock a “buy” rating in a research note on Tuesday, July 31st. ValuEngine cut Care.com from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 30th. Finally, Zacks Investment Research raised Care.com from a “sell” rating to a “hold” rating in a research note on Monday, October 1st. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $20.75.

NYSE:CRCM opened at $18.12 on Friday. Care.com Inc has a twelve month low of $14.37 and a twelve month high of $22.95. The company has a market cap of $691.25 million, a price-to-earnings ratio of 66.89, a PEG ratio of 7.02 and a beta of 1.04.

Care.com (NYSE:CRCM) last released its quarterly earnings results on Monday, July 30th. The information services provider reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.11. Care.com had a return on equity of 15.34% and a net margin of 5.87%. The firm had revenue of $46.00 million during the quarter, compared to the consensus estimate of $45.91 million. During the same quarter in the prior year, the firm posted $0.11 EPS. The business’s revenue was up 9.5% on a year-over-year basis. Sell-side analysts expect that Care.com Inc will post 0.21 earnings per share for the current year.

In other Care.com news, insider Sheila Lirio Marcelo sold 64,925 shares of the company’s stock in a transaction that occurred on Tuesday, October 9th. The stock was sold at an average price of $21.32, for a total transaction of $1,384,201.00. Following the completion of the transaction, the insider now owns 1,089,633 shares of the company’s stock, valued at approximately $23,230,975.56. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider David Krupinski sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $19.21, for a total value of $192,100.00. Following the transaction, the insider now directly owns 138,181 shares of the company’s stock, valued at approximately $2,654,457.01. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 219,719 shares of company stock valued at $4,526,006. Insiders own 30.90% of the company’s stock.

Care.com Profile

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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Institutional Ownership by Quarter for Care.com (NYSE:CRCM)

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