Care.com, Inc. (NYSE:CRCM) PT Raised to $14.00 at Stifel Nicolaus
Care.com, Inc. (NYSE:CRCM) had its target price increased by investment analysts at Stifel Nicolaus from $12.00 to $14.00 in a research report issued on Friday. The firm presently has a “buy” rating on the information services provider’s stock. Stifel Nicolaus’ price objective indicates a potential upside of 0.79% from the stock’s current price.
A number of other brokerages have also commented on CRCM. Zacks Investment Research upgraded Care.com from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Wednesday, July 12th. BidaskClub upgraded Care.com from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Roth Capital set a $14.00 price objective on Care.com and gave the stock a “hold” rating in a research report on Thursday, August 3rd. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $15.00.
Care.com (CRCM) opened at 13.89 on Friday. The stock’s market capitalization is $408.42 million. Care.com has a one year low of $7.51 and a one year high of $16.07. The stock’s 50 day moving average is $14.87 and its 200 day moving average is $12.85.
Care.com (NYSE:CRCM) last announced its quarterly earnings data on Thursday, August 10th. The information services provider reported $0.11 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.15. Care.com had a return on equity of 3.79% and a net margin of 0.67%. The firm had revenue of $42 million during the quarter, compared to analyst estimates of $41.34 million. During the same period last year, the company posted ($0.03) EPS. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. On average, equities analysts forecast that Care.com will post $0.39 EPS for the current year.
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In other news, General Counsel Diane Musi sold 3,119 shares of Care.com stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $14.38, for a total transaction of $44,851.22. Following the completion of the sale, the general counsel now directly owns 33,872 shares in the company, valued at approximately $487,079.36. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider David Krupinski sold 3,439 shares of Care.com stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $14.38, for a total value of $49,452.82. Following the sale, the insider now owns 172,672 shares of the company’s stock, valued at $2,483,023.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 44,095 shares of company stock valued at $651,424. 24.70% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the stock. Thompson Davis & CO. Inc. purchased a new stake in shares of Care.com during the second quarter valued at about $102,000. American International Group Inc. raised its stake in shares of Care.com by 6.3% in the first quarter. American International Group Inc. now owns 9,782 shares of the information services provider’s stock valued at $122,000 after buying an additional 583 shares in the last quarter. Wedge Capital Management L L P NC purchased a new stake in shares of Care.com during the second quarter valued at about $152,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Care.com during the second quarter valued at about $154,000. Finally, Pillar Pacific Capital Management LLC purchased a new stake in shares of Care.com during the second quarter valued at about $161,000. Institutional investors and hedge funds own 72.47% of the company’s stock.
Care.com Company Profile
Care.com, Inc is an online marketplace for finding and managing family care. As of December 31, 2016, the Company had 22.8 million members, including 12.9 million families and 9.9 million caregivers, spanning 19 countries. Its consumer matching solutions allow families to search for, qualify, vet, connect with and select caregivers.
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