Care.com Inc (NYSE:CRCM) Director Chet Kapoor purchased 60,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were purchased at an average cost of $9.09 per share, with a total value of $545,400.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
CRCM stock traded down $0.07 during midday trading on Wednesday, reaching $9.26. 557,643 shares of the company traded hands, compared to its average volume of 569,470. Care.com Inc has a 52-week low of $7.61 and a 52-week high of $25.81. The company has a quick ratio of 2.85, a current ratio of 2.85 and a debt-to-equity ratio of 0.20. The stock’s 50 day simple moving average is $10.66. The firm has a market cap of $287.02 million, a price-to-earnings ratio of 25.72, a price-to-earnings-growth ratio of 116.80 and a beta of 0.92.
Care.com (NYSE:CRCM) last issued its quarterly earnings data on Tuesday, August 6th. The information services provider reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $51.00 million for the quarter, compared to the consensus estimate of $52.20 million. During the same period in the prior year, the business posted $0.14 earnings per share. The company’s quarterly revenue was up 10.9% compared to the same quarter last year.
A number of brokerages have issued reports on CRCM. Stifel Nicolaus restated a “hold” rating and set a $17.00 price objective on shares of Care.com in a research report on Thursday, May 9th. Craig Hallum restated a “hold” rating and set a $9.00 price objective (down from $15.00) on shares of Care.com in a research report on Wednesday, August 7th. Zacks Investment Research downgraded Care.com from a “buy” rating to a “hold” rating in a research report on Monday. TheStreet downgraded Care.com from a “c” rating to a “d+” rating in a research report on Wednesday, August 7th. 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 given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $12.20.
Several hedge funds and other institutional investors have recently modified their holdings of CRCM. Morgan Stanley boosted its position in shares of Care.com by 597.6% in the 2nd quarter. Morgan Stanley now owns 233,052 shares of the information services provider’s stock worth $2,559,000 after purchasing an additional 199,645 shares in the last quarter. Cloverdale Capital Management LLC acquired a new stake in shares of Care.com in the 2nd quarter worth $10,365,000. AQR Capital Management LLC boosted its position in shares of Care.com by 6.9% in the 2nd quarter. AQR Capital Management LLC now owns 329,776 shares of the information services provider’s stock worth $3,621,000 after purchasing an additional 21,225 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Care.com by 4.8% in the 2nd quarter. Bank of America Corp DE now owns 52,715 shares of the information services provider’s stock worth $578,000 after purchasing an additional 2,411 shares in the last quarter. Finally, Algert Global LLC acquired a new stake in shares of Care.com in the 2nd quarter worth $149,000. Hedge funds and other institutional investors own 85.99% of the company’s stock.
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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