Care.com (NYSE:CRCM) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, Zacks.com reports. The firm currently has a $12.00 price objective on the information services provider’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 7.24% from the stock’s current price.

According to Zacks, “Care.com, Inc. provides online marketplace for finding and managing family care primarily in the United States and internationally. Its platform provides care needs which consists of 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 helps caregivers find employment opportunities. Care.com, Inc. is based in Waltham, Massachusetts. “

A number of other research analysts have also issued reports on CRCM. BTIG Research set a $65.00 price target on Lennar and gave the stock a “buy” rating in a research report on Wednesday, June 26th. Craig Hallum upgraded Western Digital from a “hold” rating to a “buy” rating and upped their price objective for the company from $49.00 to $54.00 in a report on Wednesday, June 26th. Stifel Nicolaus upgraded Kimbell Royalty Partners from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a report on Thursday, May 9th. TheStreet lowered Trade Desk from a “b-” rating to a “c-” rating in a report on Thursday, May 9th. Finally, Roth Capital set a $33.00 price objective on Stemline Therapeutics and gave the company a “buy” rating in a report on Friday, May 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. Care.com presently has an average rating of “Hold” and a consensus price target of $17.17.

Shares of CRCM stock traded up $0.08 during mid-day trading on Tuesday, reaching $11.19. The stock had a trading volume of 478,710 shares, compared to its average volume of 509,208. Care.com has a 12-month low of $10.67 and a 12-month high of $25.81. The firm has a market capitalization of $363.42 million, a P/E ratio of 31.08 and a beta of 1.00. The firm’s 50-day moving average is $13.34. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.75 and a current ratio of 2.75.

Care.com (NYSE:CRCM) last announced its quarterly earnings results on Thursday, May 9th. The information services provider reported $0.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.17. Care.com had a return on equity of 7.81% and a net margin of 24.80%. The company had revenue of $53.30 million during the quarter, compared to analyst estimates of $52.75 million. During the same quarter in the previous year, the firm posted $0.19 EPS. The firm’s quarterly revenue was up 12.7% on a year-over-year basis.

In other news, CFO Michael Echenberg sold 2,610 shares of the business’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $16.35, for a total transaction of $42,673.50. Following the sale, the chief financial officer now directly owns 42,178 shares of the company’s stock, valued at $689,610.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Diane Musi sold 1,738 shares of the business’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $16.35, for a total value of $28,416.30. Following the sale, the general counsel now directly owns 33,865 shares in the company, valued at $553,692.75. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,509 shares of company stock valued at $489,953. Insiders own 28.10% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Marshall Wace LLP bought a new stake in Care.com during the 1st quarter valued at approximately $1,190,000. Granite Investment Partners LLC raised its holdings in Care.com by 41.0% in the 1st quarter. Granite Investment Partners LLC now owns 49,562 shares of the information services provider’s stock valued at $980,000 after acquiring an additional 14,411 shares in the last quarter. Hancock Whitney Corp raised its holdings in Care.com by 7.0% in the 1st quarter. Hancock Whitney Corp now owns 78,385 shares of the information services provider’s stock valued at $1,549,000 after acquiring an additional 5,122 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Care.com in the 1st quarter valued at approximately $748,000. Finally, PNC Financial Services Group Inc. raised its holdings in Care.com by 34,879.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 188,889 shares of the information services provider’s stock valued at $3,733,000 after acquiring an additional 188,349 shares in the last quarter. 86.59% of the stock is currently owned by institutional investors.

Care.com Company Profile

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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