Care.com, Inc. (CRCM) Cut to “Hold” at Zacks Investment Research

Zacks Investment Research lowered shares of Care.com, Inc. (NYSE:CRCM) from a buy rating to a hold rating in a research report released on Thursday.

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. “

Other equities research analysts have also issued research reports about the stock. BidaskClub raised shares of Care.com from a sell rating to a hold rating in a report on Thursday, October 5th. Roth Capital set a $14.00 price target on shares of Care.com and gave the stock a hold rating in a report on Thursday, August 10th. Finally, Stifel Nicolaus raised their price target on shares of Care.com from $12.00 to $14.00 and gave the stock a buy rating in a report on Friday, August 11th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $15.33.

Shares of Care.com (NYSE CRCM) opened at 15.44 on Thursday. The company has a 50 day moving average of $15.33 and a 200 day moving average of $14.61. The company has a market cap of $459.63 million, a PE ratio of 617.60 and a beta of 0.94. Care.com has a 52 week low of $7.51 and a 52 week high of $16.92.

Care.com (NYSE:CRCM) last issued its earnings results on Thursday, August 10th. The information services provider reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.15. The company had revenue of $42.00 million for the quarter, compared to analysts’ expectations of $41.34 million. Care.com had a net margin of 3.66% and a return on equity of 10.98%. The firm’s revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the company earned ($0.03) EPS. On average, analysts expect that Care.com will post $0.40 EPS for the current year.

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In related news, General Counsel Diane Musi sold 11,567 shares of the business’s stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $15.81, for a total transaction of $182,874.27. Following the sale, the general counsel now owns 35,328 shares of the company’s stock, valued at $558,535.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David Krupinski sold 3,825 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $14.66, for a total transaction of $56,074.50. Following the sale, the insider now directly owns 175,934 shares in the company, valued at approximately $2,579,192.44. The disclosure for this sale can be found here. Insiders have sold a total of 62,178 shares of company stock worth $973,576 in the last ninety days. Insiders own 24.70% of the company’s stock.

Large investors have recently bought and sold shares of the stock. HighTower Advisors LLC bought a new stake in Care.com during the first quarter worth about $137,000. Teachers Advisors LLC raised its holdings in Care.com by 72.0% in the first quarter. Teachers Advisors LLC now owns 85,486 shares of the information services provider’s stock worth $1,069,000 after buying an additional 35,771 shares during the last quarter. American Century Companies Inc. raised its holdings in Care.com by 26.1% in the second quarter. American Century Companies Inc. now owns 206,900 shares of the information services provider’s stock worth $3,124,000 after buying an additional 42,815 shares during the last quarter. Pier Capital LLC purchased a new position in Care.com in the second quarter worth about $5,686,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in Care.com in the second quarter worth about $154,000. 73.68% of the stock is currently owned by institutional investors and hedge funds.

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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