Care.com, Inc. (CRCM) Upgraded at Zacks Investment Research

Care.com, Inc. (NYSE:CRCM) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Monday. The firm presently has a $18.00 target price on the information services provider’s stock. Zacks Investment Research‘s price objective points to a potential upside of 11.04% from the company’s previous close.

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. “

Several other equities analysts also recently issued reports on the stock. BidaskClub raised shares of Care.com from a “sell” rating to a “hold” rating in a report on Thursday. Stifel Nicolaus increased their price objective on shares of Care.com from $12.00 to $14.00 and gave the company a “buy” rating in a report on Friday, August 11th. Finally, Roth Capital set a $14.00 price objective on shares of Care.com and gave the company a “hold” rating in a report on Thursday, August 10th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Care.com currently has a consensus rating of “Hold” and a consensus price target of $15.33.

Care.com (CRCM) traded down 1.22% on Monday, hitting $16.21. 102,138 shares of the company were exchanged. The company has a market capitalization of $482.56 million, a P/E ratio of 648.40 and a beta of 0.94. The firm’s 50 day moving average is $14.99 and its 200 day moving average is $14.32. Care.com has a 52 week low of $7.51 and a 52 week high of $16.61.

Care.com (NYSE:CRCM) last posted its quarterly earnings data on Thursday, August 10th. The information services provider reported $0.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.15. The business had revenue of $42.00 million for the quarter, compared to the consensus estimate of $41.34 million. Care.com had a net margin of 3.66% and a return on equity of 10.98%. The company’s revenue was up 9.9% compared to the same quarter last year. During the same period last year, the firm posted ($0.03) earnings per share. On average, equities research analysts forecast that Care.com will post $0.40 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This report was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this report on another publication, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this report can be viewed at https://ledgergazette.com/2017/10/09/care-com-inc-crcm-upgraded-at-zacks-investment-research.html.

In other news, insider David Krupinski sold 3,825 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $14.66, for a total value of $56,074.50. Following the transaction, the insider now directly owns 175,934 shares of the company’s stock, valued at $2,579,192.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Diane Musi sold 2,000 shares of the firm’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 $29,320.00. Following the completion of the transaction, the general counsel now directly owns 30,593 shares in the company, valued at $448,493.38. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,498 shares of company stock worth $269,913. Insiders own 24.70% of the company’s stock.

Several large investors have recently bought and sold shares of the company. American International Group Inc. lifted 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 worth $122,000 after buying an additional 583 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of Care.com by 13.8% in the second quarter. Wells Fargo & Company MN now owns 11,711 shares of the information services provider’s stock worth $176,000 after buying an additional 1,420 shares in the last quarter. Teachers Advisors LLC lifted its stake in shares of Care.com by 2.3% in the second quarter. Teachers Advisors LLC now owns 87,415 shares of the information services provider’s stock worth $1,320,000 after buying an additional 1,929 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Care.com by 3.4% in the second quarter. Bank of New York Mellon Corp now owns 75,513 shares of the information services provider’s stock worth $1,140,000 after buying an additional 2,491 shares in the last quarter. Finally, UBS Group AG lifted its stake in shares of Care.com by 9.0% in the first quarter. UBS Group AG now owns 37,460 shares of the information services provider’s stock worth $469,000 after buying an additional 3,080 shares in the last quarter. 73.68% of the stock is currently owned by hedge funds and other institutional investors.

About Care.com

Care.com, Inc is an online marketplace for finding and managing family care. As of Dec

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. “

Several other equities analysts also recently issued reports on the stock. BidaskClub raised shares of Care.com from a “sell” rating to a “hold” rating in a report on Thursday. Stifel Nicolaus increased their price objective on shares of Care.com from $12.00 to $14.00 and gave the company a “buy” rating in a report on Friday, August 11th. Finally, Roth Capital set a $14.00 price objective on shares of Care.com and gave the company a “hold” rating in a report on Thursday, August 10th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Care.com currently has a consensus rating of “Hold” and a consensus price target of $15.33.

Care.com (CRCM) traded down 1.22% on Monday, hitting $16.21. 102,138 shares of the company were exchanged. The company has a market capitalization of $482.56 million, a P/E ratio of 648.40 and a beta of 0.94. The firm’s 50 day moving average is $14.99 and its 200 day moving average is $14.32. Care.com has a 52 week low of $7.51 and a 52 week high of $16.61.

Care.com (NYSE:CRCM) last posted its quarterly earnings data on Thursday, August 10th. The information services provider reported $0.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.15. The business had revenue of $42.00 million for the quarter, compared to the consensus estimate of $41.34 million. Care.com had a net margin of 3.66% and a return on equity of 10.98%. The company’s revenue was up 9.9% compared to the same quarter last year. During the same period last year, the firm posted ($0.03) earnings per share. On average, equities research analysts forecast that Care.com will post $0.40 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This report was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this report on another publication, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this report can be viewed at https://ledgergazette.com/2017/10/09/care-com-inc-crcm-upgraded-at-zacks-investment-research.html.

In other news, insider David Krupinski sold 3,825 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $14.66, for a total value of $56,074.50. Following the transaction, the insider now directly owns 175,934 shares of the company’s stock, valued at $2,579,192.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Diane Musi sold 2,000 shares of the firm’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 $29,320.00. Following the completion of the transaction, the general counsel now directly owns 30,593 shares in the company, valued at $448,493.38. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,498 shares of company stock worth $269,913. Insiders own 24.70% of the company’s stock.

Several large investors have recently bought and sold shares of the company. American International Group Inc. lifted 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 worth $122,000 after buying an additional 583 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of Care.com by 13.8% in the second quarter. Wells Fargo & Company MN now owns 11,711 shares of the information services provider’s stock worth $176,000 after buying an additional 1,420 shares in the last quarter. Teachers Advisors LLC lifted its stake in shares of Care.com by 2.3% in the second quarter. Teachers Advisors LLC now owns 87,415 shares of the information services provider’s stock worth $1,320,000 after buying an additional 1,929 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Care.com by 3.4% in the second quarter. Bank of New York Mellon Corp now owns 75,513 shares of the information services provider’s stock worth $1,140,000 after buying an additional 2,491 shares in the last quarter. Finally, UBS Group AG lifted its stake in shares of Care.com by 9.0% in the first quarter. UBS Group AG now owns 37,460 shares of the information services provider’s stock worth $469,000 after buying an additional 3,080 shares in the last quarter. 73.68% of the stock is currently owned by hedge funds and other institutional investors.

About Care.com

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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