Care.com Inc (CRCM) Trading 1.3% Higher
Care.com Inc (NASDAQ:CRCM) shares traded up 1.3% during mid-day trading on Tuesday . The stock traded as high as $11.09 and last traded at $11.05, with a volume of 126,143 shares traded. The stock had previously closed at $10.91.
Several research analysts have issued reports on the company. Morgan Stanley raised their target price on Care.com from $6.00 to $9.50 and gave the stock an “equal weight” rating in a research report on Thursday, July 28th. Needham & Company LLC reaffirmed a “buy” rating and issued a $12.00 price objective (up previously from $9.00) on shares of Care.com in a research note on Thursday, June 30th. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of Care.com in a research note on Thursday, June 30th. Finally, Zacks Investment Research downgraded Care.com from a “buy” rating to a “hold” rating in a research note on Tuesday, June 28th.
The company has a 50-day moving average of $10.53 and a 200-day moving average of $7.65. The company’s market cap is $312.03 million.
Care.com (NASDAQ:CRCM) last posted its quarterly earnings results on Wednesday, July 27th. The company reported ($0.03) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by $0.01. The business earned $38.20 million during the quarter, compared to analyst estimates of $37.97 million. The business’s revenue was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.12) EPS. On average, analysts expect that Care.com Inc will post $0.16 EPS for the current fiscal year.
In other Care.com news, CEO Sheila Lirio Marcelo sold 10,440 shares of the business’s stock in a transaction dated Monday, June 13th. The stock was sold at an average price of $8.70, for a total transaction of $90,828.00. Following the sale, the chief executive officer now owns 844,904 shares in the company, valued at approximately $7,350,664.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Michael Echenberg sold 13,088 shares of the business’s stock in a transaction dated Monday, June 13th. The shares were sold at an average price of $8.77, for a total value of $114,781.76. Following the sale, the chief financial officer now owns 31,300 shares in the company, valued at approximately $274,501. The disclosure for this sale can be found here.
Care.com, Inc is an online marketplace for finding and managing family care. The Company has approximately 18.4 million members, including over 10.3 million families and approximately 8.1 million caregivers, spanning over 20 countries. Its consumer matching solutions allow families to search for, qualify, vet, connect with and select caregivers.
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