Care.com, Inc. (NYSE:CRCM) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.15-0.16 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.16. The company issued revenue guidance of $43.6-44.1 million, compared to the consensus revenue estimate of $43.88 million.Care.com also updated its FY18 guidance to $0.65 EPS.
Care.com (NYSE:CRCM) last issued its earnings results on Monday, October 30th. The information services provider reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.10. Care.com had a net margin of 3.66% and a return on equity of 10.98%. The business had revenue of $44.50 million for the quarter, compared to analyst estimates of $44.22 million. During the same period in the previous year, the business earned $0.02 EPS. The firm’s revenue was up 9.1% on a year-over-year basis.
Several analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Care.com from a buy rating to a hold rating in a research report on Thursday, October 19th. Roth Capital set a $14.00 target price on shares of Care.com and gave the company a hold rating in a research report on Thursday, August 10th. BidaskClub upgraded shares of Care.com from a strong sell rating to a sell rating in a research report on Thursday, September 28th. Finally, Stifel Nicolaus lifted their target price on shares of Care.com from $12.00 to $14.00 and gave the company a buy rating in a research report on Friday, August 11th.
In other Care.com 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 value of $182,874.27. Following the transaction, the general counsel now directly owns 35,328 shares in the company, valued at $558,535.68. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider David Krupinski sold 20,000 shares of the business’s stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $16.24, for a total transaction of $324,800.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 56,353 shares of company stock worth $888,182. Company insiders own 24.70% of the company’s stock.
A hedge fund recently raised its stake in Care.com stock. The Manufacturers Life Insurance Company raised its position in Care.com, Inc. (NYSE:CRCM) by 47.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,801 shares of the information services provider’s stock after buying an additional 3,805 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Care.com were worth $179,000 as of its most recent SEC filing. 73.75% of the stock is owned by hedge funds and other institutional investors.
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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