Analysts Set Care.com Inc. (NYSE:CRCM) Target Price at $8.07
Shares of Care.com Inc. (NYSE:CRCM) have received an average recommendation of “Buy” from the eight ratings firms that are covering the firm. Five equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $8.07.
A number of analysts recently commented on CRCM shares. Roth Capital started coverage on shares of Care.com in a report on Friday, September 9th. They set a “neutral” rating and a $10.50 price objective on the stock. Needham & Company LLC decreased their price objective on shares of Care.com from $12.00 to $9.00 and set a “buy” rating on the stock in a report on Thursday, June 30th.
Shares of Care.com (NYSE:CRCM) opened at 9.58 on Tuesday. Care.com has a 12-month low of $4.90 and a 12-month high of $12.00. The company has a 50-day moving average of $10.21 and a 200 day moving average of $9.08. The firm’s market cap is $273.99 million.
Several hedge funds have recently made changes to their positions in the stock. Landscape Capital Management L.L.C. purchased a new position in shares of Care.com during the first quarter valued at about $102,000. Spark Investment Management LLC purchased a new position in shares of Care.com during the first quarter valued at about $208,000. Renaissance Technologies LLC increased its position in shares of Care.com by 191.4% in the first quarter. Renaissance Technologies LLC now owns 168,700 shares of the company’s stock valued at $1,038,000 after buying an additional 110,800 shares during the last quarter. State Street Corp increased its position in shares of Care.com by 15.9% in the first quarter. State Street Corp now owns 241,680 shares of the company’s stock valued at $1,486,000 after buying an additional 33,202 shares during the last quarter. Finally, potrero capital research llc increased its position in shares of Care.com by 30.0% in the first quarter. potrero capital research llc now owns 435,242 shares of the company’s stock valued at $2,677,000 after buying an additional 100,391 shares during the last quarter. 63.34% of the stock is currently owned by institutional investors.
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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