Care.com (CRCM) Downgraded by TheStreet to C+

Care.com (NYSE:CRCM) was downgraded by equities research analysts at TheStreet from a “b-” rating to a “c+” rating in a note issued to investors on Wednesday.

A number of other equities research analysts have also weighed in on CRCM. Zacks Investment Research lowered shares of Care.com from a “buy” rating to a “hold” rating in a report on Thursday, October 19th. BidaskClub lowered shares of Care.com from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Finally, Roth Capital raised shares of Care.com from a “neutral” rating to a “buy” rating and increased their target price for the company from $14.00 to $18.00 in a research report on Thursday, November 2nd. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $17.67.

Shares of Care.com (NYSE:CRCM) traded down $0.12 during trading on Wednesday, hitting $16.78. 64,159 shares of the company traded hands, compared to its average volume of 242,783. Care.com has a one year low of $9.42 and a one year high of $20.88. The company has a market capitalization of $527.66, a PE ratio of 113.74, a price-to-earnings-growth ratio of 2.60 and a beta of 1.01.

In other Care.com news, Director J Sanford Miller sold 31,987 shares of the firm’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $17.45, for a total value of $558,173.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David Krupinski sold 3,519 shares of the firm’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $17.77, for a total transaction of $62,532.63. Following the completion of the transaction, the insider now directly owns 179,697 shares of the company’s stock, valued at $3,193,215.69. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 187,874 shares of company stock valued at $3,441,456. 24.70% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the business. Lord Abbett & CO. LLC purchased a new stake in shares of Care.com during the 2nd quarter valued at $10,313,000. Janus Henderson Group PLC purchased a new stake in shares of Care.com during the 2nd quarter valued at $7,371,000. Eagle Asset Management Inc. purchased a new position in Care.com in the 4th quarter worth $4,523,000. Teacher Retirement System of Texas purchased a new position in Care.com in the 4th quarter worth $3,549,000. Finally, Acadian Asset Management LLC raised its position in Care.com by 36.6% in the 4th quarter. Acadian Asset Management LLC now owns 688,748 shares of the information services provider’s stock worth $12,426,000 after purchasing an additional 184,687 shares during the period. 75.08% of the stock is owned by hedge funds and other institutional investors.

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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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