Goldman Sachs Group Inc. Boosts Position in Care.com, Inc. (CRCM)

Goldman Sachs Group Inc. increased its position in shares of Care.com, Inc. (NYSE:CRCM) by 240.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 151,096 shares of the information services provider’s stock after buying an additional 106,676 shares during the quarter. Goldman Sachs Group Inc. owned 0.51% of Care.com worth $2,281,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Russell Investments Group Ltd. boosted its position in Care.com by 143.1% during the first quarter. Russell Investments Group Ltd. now owns 26,500 shares of the information services provider’s stock valued at $331,000 after purchasing an additional 15,600 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Care.com by 3.8% during the first quarter. Bank of New York Mellon Corp now owns 73,022 shares of the information services provider’s stock valued at $914,000 after purchasing an additional 2,700 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in Care.com by 23.6% during the first quarter. Parametric Portfolio Associates LLC now owns 23,270 shares of the information services provider’s stock valued at $291,000 after purchasing an additional 4,442 shares during the last quarter. American International Group Inc. boosted its position in Care.com by 6.3% during the first quarter. American International Group Inc. now owns 9,782 shares of the information services provider’s stock valued at $122,000 after purchasing an additional 583 shares during the last quarter. Finally, Teachers Advisors LLC boosted its position in Care.com by 72.0% during the first quarter. Teachers Advisors LLC now owns 85,486 shares of the information services provider’s stock valued at $1,069,000 after purchasing an additional 35,771 shares during the last quarter. Institutional investors and hedge funds own 73.75% of the company’s stock.

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In other news, insider David Krupinski sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $16.24, for a total value of $324,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Diane Musi sold 3,018 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $14.56, for a total value of $43,942.08. Following the completion of the transaction, the general counsel now directly owns 33,006 shares of the company’s stock, valued at $480,567.36. The disclosure for this sale can be found here. Insiders have sold a total of 56,353 shares of company stock valued at $888,182 over the last three months. Corporate insiders own 24.70% of the company’s stock.

Care.com, Inc. (NYSE CRCM) opened at 15.12 on Tuesday. Care.com, Inc. has a 12 month low of $7.51 and a 12 month high of $16.92. The company’s 50-day moving average price is $15.40 and its 200 day moving average price is $14.81. The firm has a market capitalization of $450.11 million, a PE ratio of 604.80 and a beta of 0.94.

Care.com (NYSE:CRCM) last issued its quarterly earnings data 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 firm had revenue of $42.00 million during the quarter, compared to analyst estimates of $41.34 million. Care.com had a return on equity of 10.98% and a net margin of 3.66%. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the previous year, the company posted ($0.03) EPS. On average, equities research analysts predict that Care.com, Inc. will post $0.40 earnings per share for the current year.

Several research analysts recently commented on CRCM shares. Zacks Investment Research raised Care.com from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research report on Wednesday, July 12th. Stifel Nicolaus increased their price target on Care.com from $12.00 to $14.00 and gave the company a “buy” rating in a research report on Friday, August 11th. Roth Capital set a $14.00 price target on Care.com and gave the company a “hold” rating in a research report on Thursday, August 10th. Finally, BidaskClub raised Care.com from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $15.00.

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.

Institutional Ownership by Quarter for Care.com (NYSE:CRCM)

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