Care.com Inc (NYSE:CRCM) CFO Michael Echenberg sold 1,500 shares of Care.com stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $19.12, for a total value of $28,680.00. Following the completion of the sale, the chief financial officer now directly owns 16,383 shares in the company, valued at approximately $313,242.96. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Michael Echenberg also recently made the following trade(s):
- On Tuesday, December 12th, Michael Echenberg sold 8,197 shares of Care.com stock. The shares were sold at an average price of $18.01, for a total value of $147,627.97.
- On Friday, November 10th, Michael Echenberg sold 11,500 shares of Care.com stock. The shares were sold at an average price of $17.92, for a total value of $206,080.00.
- On Tuesday, October 17th, Michael Echenberg sold 5,613 shares of Care.com stock. The shares were sold at an average price of $16.14, for a total value of $90,593.82.
Care.com Inc (NYSE CRCM) traded down $0.10 during mid-day trading on Friday, reaching $19.16. The company’s stock had a trading volume of 137,511 shares, compared to its average volume of 242,611. The company has a market capitalization of $580.91, a P/E ratio of 239.50, a price-to-earnings-growth ratio of 2.89 and a beta of 1.05. Care.com Inc has a 12-month low of $8.05 and a 12-month high of $20.88.
Care.com (NYSE:CRCM) last posted its quarterly earnings results on Thursday, November 2nd. The information services provider reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.10. The firm had revenue of $44.50 million during the quarter, compared to the consensus estimate of $44.22 million. Care.com had a return on equity of 17.27% and a net margin of 4.46%. The business’s revenue was up 9.1% compared to the same quarter last year. During the same period last year, the company earned $0.02 earnings per share. sell-side analysts predict that Care.com Inc will post 0.31 earnings per share for the current fiscal year.
CRCM has been the topic of a number of recent research reports. BidaskClub lowered Care.com from a “sell” rating to a “strong sell” rating in a research report on Friday, September 22nd. Zacks Investment Research raised Care.com from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Monday, October 9th. Finally, Roth Capital raised Care.com from a “neutral” rating to a “buy” rating and lifted their target price for the company from $14.00 to $18.00 in a research report on Thursday, November 2nd. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $17.67.
A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Care.com by 6.6% in the second quarter. Vanguard Group Inc. now owns 1,029,498 shares of the information services provider’s stock valued at $15,545,000 after purchasing an additional 63,848 shares in the last quarter. Renaissance Technologies LLC grew its stake in Care.com by 17.3% in the second quarter. Renaissance Technologies LLC now owns 1,014,600 shares of the information services provider’s stock valued at $15,320,000 after purchasing an additional 149,300 shares in the last quarter. Lord Abbett & CO. LLC bought a new position in Care.com in the second quarter valued at approximately $10,313,000. Janus Henderson Group PLC bought a new position in Care.com in the second quarter valued at approximately $7,371,000. Finally, State Street Corp grew its stake in Care.com by 5.5% in the second quarter. State Street Corp now owns 298,023 shares of the information services provider’s stock valued at $4,504,000 after purchasing an additional 15,490 shares in the last quarter. Hedge funds and other institutional investors own 74.29% of the company’s stock.
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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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