BidaskClub Lowers Care.com, Inc. (CRCM) to Strong Sell
BidaskClub downgraded shares of Care.com, Inc. (NYSE:CRCM) from a sell rating to a strong sell rating in a research note published on Friday morning.
Several other equities analysts have also recently weighed in on the company. Zacks Investment Research raised Care.com from a hold rating to a buy rating and set a $17.00 target price on the stock in a research note on Wednesday, July 19th. Roth Capital set a $14.00 price target on Care.com and gave the company a hold rating in a report on Monday, June 12th. Finally, Stifel Nicolaus lifted their price target on Care.com from $12.00 to $14.00 and gave the company a buy rating in a report on Friday, August 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $15.00.
Care.com (NYSE:CRCM) opened at 14.46 on Friday. The stock’s 50 day moving average is $14.80 and its 200 day moving average is $13.96. Care.com has a one year low of $7.51 and a one year high of $16.50. The stock has a market capitalization of $430.46 million, a price-to-earnings ratio of 578.40 and a beta of 0.92.
Care.com (NYSE:CRCM) last released its earnings results on Thursday, August 10th. The information services provider reported $0.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.15. Care.com had a return on equity of 10.98% and a net margin of 3.66%. The company had revenue of $42.00 million for the quarter, compared to analysts’ expectations of $41.34 million. During the same quarter in the previous year, the business posted ($0.03) EPS. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, equities analysts forecast that Care.com will post $0.40 EPS for the current year.
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In other news, insider David Krupinski sold 4,175 shares of Care.com stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $14.71, for a total transaction of $61,414.25. Following the completion of the sale, the insider now directly owns 176,284 shares in the company, valued at approximately $2,593,137.64. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Diane Musi sold 2,000 shares of Care.com stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $14.66, for a total value of $29,320.00. Following the sale, the general counsel now owns 30,593 shares of the company’s stock, valued at $448,493.38. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,673 shares of company stock valued at $360,728. 24.70% of the stock is owned by corporate insiders.
Several institutional investors have recently made changes to their positions in CRCM. Thompson Davis & CO. Inc. acquired a new stake in shares of Care.com during the 2nd quarter valued at about $102,000. American International Group Inc. lifted its holdings in shares of Care.com by 6.3% during the 1st 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 during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Care.com in the 1st quarter worth approximately $137,000. HighTower Advisors LLC acquired a new stake in Care.com in the 1st quarter worth approximately $137,000. Finally, D.A. Davidson & CO. acquired a new stake in Care.com in the 2nd quarter worth approximately $139,000. Institutional investors and hedge funds own 73.68% 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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