Care.com (CRCM) Getting Somewhat Favorable News Coverage, Study Finds

Media coverage about Care.com (NYSE:CRCM) has been trending somewhat positive on Saturday, Accern Sentiment reports. The research firm rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Care.com earned a news sentiment score of 0.07 on Accern’s scale. Accern also gave press coverage about the information services provider an impact score of 43.5440929436275 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Several analysts have commented on the company. TheStreet raised Care.com from a “c” rating to a “b-” rating in a report on Friday, November 17th. Zacks Investment Research raised Care.com from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Monday, October 9th. Roth Capital raised Care.com from a “neutral” rating to a “buy” rating and raised their price objective for the company from $14.00 to $18.00 in a report on Thursday, November 2nd. Finally, BidaskClub lowered Care.com from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. Care.com has a consensus rating of “Buy” and a consensus target price of $17.67.

Care.com (NYSE CRCM) traded down $0.06 during midday trading on Friday, hitting $18.62. The stock had a trading volume of 166,811 shares, compared to its average volume of 415,874. The stock has a market capitalization of $561.96, a P/E ratio of 124.14, a PEG ratio of 4.06 and a beta of 1.05. Care.com has a 1-year low of $8.05 and a 1-year high of $20.88.

Care.com (NYSE:CRCM) last released its earnings results on Thursday, November 2nd. The information services provider reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.10. The business had revenue of $44.50 million for 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 quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.02 earnings per share. research analysts forecast that Care.com will post 0.31 earnings per share for the current fiscal year.

In related news, General Counsel Diane Musi sold 3,192 shares of Care.com stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $17.77, for a total transaction of $56,721.84. Following the transaction, the general counsel now owns 36,240 shares in the company, valued at $643,984.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director I. Duncan Robertson sold 6,500 shares of Care.com stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $19.88, for a total value of $129,220.00. Following the transaction, the director now owns 10,689 shares in the company, valued at approximately $212,497.32. The disclosure for this sale can be found here. In the last 90 days, insiders sold 246,248 shares of company stock worth $4,311,958. Company insiders own 24.70% of the company’s stock.

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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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