Care.com, Inc. (NYSE:CRCM) Upgraded to “Buy” 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 research note issued to investors on Wednesday, July 12th. The brokerage presently has a $17.00 price target on the information services provider’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 9.82% 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 also recently issued reports on the company. BidaskClub downgraded Care.com from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. Roth Capital set a $14.00 price objective on Care.com and gave the company a “hold” rating in a research report on Monday, June 12th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $15.00.

Shares of Care.com (CRCM) opened at 15.48 on Wednesday. The stock’s market capitalization is $455.17 million. Care.com has a 52-week low of $7.51 and a 52-week high of $16.07. The company has a 50-day moving average price of $14.88 and a 200-day moving average price of $12.90.

Care.com (NYSE:CRCM) last announced its quarterly earnings results on Thursday, August 10th. The information services provider reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.15. The firm had revenue of $42 million for the quarter, compared to the consensus estimate of $41.34 million. Care.com had a return on equity of 3.79% and a net margin of 0.67%. The company’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the company posted ($0.03) earnings per share. On average, equities analysts anticipate that Care.com will post $0.39 earnings per share for the current year.

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In other Care.com news, insider David Krupinski sold 4,175 shares of the company’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $14.71, for a total value of $61,414.25. Following the completion of the sale, the insider now owns 176,284 shares in the company, valued at $2,593,137.64. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, General Counsel Diane Musi sold 9,990 shares of the company’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $15.48, for a total value of $154,645.20. Following the completion of the sale, the general counsel now owns 34,450 shares of the company’s stock, valued at approximately $533,286. The disclosure for this sale can be found here. In the last quarter, insiders have sold 44,095 shares of company stock valued at $651,424. 24.70% of the stock is owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Parametric Portfolio Associates LLC raised its position in Care.com by 23.6% in the first quarter. Parametric Portfolio Associates LLC now owns 23,270 shares of the information services provider’s stock worth $291,000 after buying an additional 4,442 shares during the period. Acrospire Investment Management LLC raised its position in Care.com by 250.9% in the first quarter. Acrospire Investment Management LLC now owns 12,184 shares of the information services provider’s stock worth $152,000 after buying an additional 8,712 shares during the period. Marathon Capital Management raised its position in Care.com by 6.9% in the first quarter. Marathon Capital Management now owns 260,850 shares of the information services provider’s stock worth $3,263,000 after buying an additional 16,850 shares during the period. Bank of New York Mellon Corp raised its position in Care.com by 3.8% in the first quarter. Bank of New York Mellon Corp now owns 73,022 shares of the information services provider’s stock worth $914,000 after buying an additional 2,700 shares during the period. Finally, American Century Companies Inc. raised its position in Care.com by 82.7% in the first quarter. American Century Companies Inc. now owns 164,085 shares of the information services provider’s stock worth $2,053,000 after buying an additional 74,297 shares during the period. 72.47% of the stock is owned by hedge funds and other institutional investors.

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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