Care.com Inc (NYSE:CRCM) has received a consensus recommendation of “Buy” from the six brokerages that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $22.33.
Several analysts have recently weighed in on the company. Zacks Investment Research upgraded Care.com from a “sell” rating to a “hold” rating in a report on Monday, October 1st. ValuEngine raised Care.com from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 21st. Finally, BTIG Research initiated coverage on Care.com in a research report on Tuesday, November 13th. They set a “buy” rating and a $23.00 target price on the stock.
Shares of Care.com stock opened at $16.91 on Friday. The firm has a market capitalization of $557.40 million, a PE ratio of 62.63, a PEG ratio of 4.49 and a beta of 1.25. Care.com has a fifty-two week low of $15.14 and a fifty-two week high of $22.95.
Care.com (NYSE:CRCM) last announced its quarterly earnings data on Thursday, November 8th. The information services provider reported $0.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.19. The business had revenue of $49.20 million during the quarter, compared to analyst estimates of $49.22 million. Care.com had a return on equity of 13.15% and a net margin of 6.58%. The company’s revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.18 earnings per share. Analysts forecast that Care.com will post 0.26 EPS for the current year.
In other news, General Counsel Diane Musi sold 19,829 shares of the business’s stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $19.99, for a total transaction of $396,381.71. Following the sale, the general counsel now directly owns 42,620 shares of the company’s stock, valued at $851,973.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sheila Lirio Marcelo sold 24,093 shares of the business’s stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $19.89, for a total value of $479,209.77. Following the sale, the chief executive officer now directly owns 1,001,377 shares in the company, valued at $19,917,388.53. The disclosure for this sale can be found here. Insiders have sold 194,287 shares of company stock worth $4,040,123 over the last ninety days. 30.90% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of the stock. Spark Investment Management LLC raised its position in Care.com by 1.3% during the second quarter. Spark Investment Management LLC now owns 228,300 shares of the information services provider’s stock valued at $4,766,000 after buying an additional 2,900 shares during the period. Smith Asset Management Group LP raised its position in Care.com by 3.5% during the third quarter. Smith Asset Management Group LP now owns 93,760 shares of the information services provider’s stock valued at $2,073,000 after buying an additional 3,160 shares during the period. Eagle Asset Management Inc. raised its position in Care.com by 1.0% during the third quarter. Eagle Asset Management Inc. now owns 322,536 shares of the information services provider’s stock valued at $7,131,000 after buying an additional 3,261 shares during the period. MetLife Investment Advisors LLC raised its position in Care.com by 55.3% during the third quarter. MetLife Investment Advisors LLC now owns 10,868 shares of the information services provider’s stock valued at $240,000 after buying an additional 3,869 shares during the period. Finally, Globeflex Capital L P raised its position in Care.com by 4.8% during the second quarter. Globeflex Capital L P now owns 87,779 shares of the information services provider’s stock valued at $1,833,000 after buying an additional 4,031 shares during the period. 78.09% of the stock is currently owned by hedge funds and other institutional investors.
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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