Care.com (NYSE:CRCM) Upgraded at BTIG Research

Care.com (NYSE:CRCM) was upgraded by equities research analysts at BTIG Research from a “neutral” rating to a “buy” rating in a note issued to investors on Wednesday, Briefing.com Automated Import reports. The brokerage currently has a $13.00 target price on the information services provider’s stock. BTIG Research’s target price indicates a potential upside of 39.34% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. Zacks Investment Research downgraded Care.com from a “buy” rating to a “hold” rating in a research report on Monday. Roth Capital restated a “neutral” rating and issued a $10.00 target price (down previously from $17.00) on shares of Care.com in a research report on Tuesday, August 6th. TheStreet downgraded Care.com from a “c” rating to a “d+” rating in a research report on Wednesday, August 7th. Stifel Nicolaus restated a “hold” rating and issued a $17.00 target price on shares of Care.com in a research report on Thursday, May 9th. Finally, ValuEngine upgraded Care.com from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $12.20.

Shares of Care.com stock opened at $9.33 on Wednesday. Care.com has a one year low of $7.61 and a one year high of $25.81. The stock has a market capitalization of $287.02 million, a P/E ratio of 25.92, a price-to-earnings-growth ratio of 116.80 and a beta of 0.92. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.85 and a current ratio of 2.85. The stock’s 50 day moving average is $10.76.

Care.com (NYSE:CRCM) last announced its quarterly earnings data on Tuesday, August 6th. The information services provider reported $0.09 EPS for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.01. Care.com had a positive return on equity of 7.81% and a negative net margin of 7.61%. The firm had revenue of $51.00 million for the quarter, compared to the consensus estimate of $52.20 million. During the same quarter last year, the business posted $0.14 earnings per share. The firm’s revenue was up 10.9% compared to the same quarter last year.

In other news, insider David Krupinski sold 3,052 shares of Care.com stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $14.37, for a total value of $43,857.24. Following the completion of the sale, the insider now directly owns 152,303 shares of the company’s stock, valued at $2,188,594.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director George Bell acquired 27,500 shares of the company’s stock in a transaction dated Friday, August 9th. The stock was purchased at an average cost of $9.00 per share, with a total value of $247,500.00. Following the completion of the purchase, the director now directly owns 47,190 shares of the company’s stock, valued at approximately $424,710. The disclosure for this purchase can be found here. Insiders sold 21,273 shares of company stock valued at $305,693 over the last ninety days. Insiders own 28.10% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp lifted its position in Care.com by 8.7% during the fourth quarter. Bank of New York Mellon Corp now owns 98,699 shares of the information services provider’s stock valued at $1,906,000 after buying an additional 7,888 shares during the period. Northern Trust Corp lifted its position in Care.com by 0.4% during the fourth quarter. Northern Trust Corp now owns 257,480 shares of the information services provider’s stock valued at $4,972,000 after buying an additional 1,039 shares during the period. Dimensional Fund Advisors LP lifted its position in Care.com by 100.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 423,460 shares of the information services provider’s stock valued at $8,177,000 after buying an additional 212,393 shares during the period. Geode Capital Management LLC raised its position in shares of Care.com by 19.7% in the 4th quarter. Geode Capital Management LLC now owns 297,261 shares of the information services provider’s stock worth $5,739,000 after purchasing an additional 48,963 shares during the last quarter. Finally, Bank of America Corp DE raised its position in shares of Care.com by 13.4% in the 4th quarter. Bank of America Corp DE now owns 41,130 shares of the information services provider’s stock worth $794,000 after purchasing an additional 4,849 shares during the last quarter. 85.99% of the stock is owned by institutional investors and hedge funds.

Care.com Company 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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