Care.com (CRCM) Issues Earnings Results

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Care.com (NYSE:CRCM) posted its earnings results on Thursday. The information services provider reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.19, MarketWatch Earnings reports. Care.com had a net margin of 5.87% and a return on equity of 15.34%. The business had revenue of $49.20 million during the quarter, compared to the consensus estimate of $49.22 million. During the same quarter in the previous year, the firm posted $0.18 EPS. The firm’s revenue was up 10.6% on a year-over-year basis.

Shares of Care.com stock opened at $18.11 on Friday. The firm has a market cap of $562.76 million, a PE ratio of 67.07, a price-to-earnings-growth ratio of 5.71 and a beta of 1.25. Care.com has a 1-year low of $15.14 and a 1-year high of $22.95.

In other news, insider David Krupinski sold 10,000 shares of Care.com stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $19.21, for a total transaction of $192,100.00. Following the transaction, the insider now owns 138,181 shares in the company, valued at approximately $2,654,457.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Michael Echenberg sold 9,269 shares of Care.com stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $19.89, for a total transaction of $184,360.41. Following the transaction, the chief financial officer now owns 33,125 shares in the company, valued at approximately $658,856.25. The disclosure for this sale can be found here. Insiders have sold a total of 209,819 shares of company stock worth $4,345,231 in the last quarter. Corporate insiders own 30.90% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its stake in shares of Care.com by 10.2% during the 3rd quarter. BlackRock Inc. now owns 2,022,304 shares of the information services provider’s stock valued at $44,713,000 after buying an additional 187,622 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of Care.com by 34.7% during the 2nd quarter. Renaissance Technologies LLC now owns 1,642,500 shares of the information services provider’s stock valued at $34,295,000 after buying an additional 423,300 shares in the last quarter. Acadian Asset Management LLC lifted its stake in shares of Care.com by 7.9% during the 3rd quarter. Acadian Asset Management LLC now owns 867,016 shares of the information services provider’s stock valued at $19,171,000 after buying an additional 63,113 shares in the last quarter. Millennium Management LLC lifted its stake in shares of Care.com by 24.2% during the 1st quarter. Millennium Management LLC now owns 653,228 shares of the information services provider’s stock valued at $10,628,000 after buying an additional 127,147 shares in the last quarter. Finally, Granahan Investment Management Inc. MA lifted its stake in shares of Care.com by 9.3% during the 2nd quarter. Granahan Investment Management Inc. MA now owns 429,349 shares of the information services provider’s stock valued at $8,965,000 after buying an additional 36,612 shares in the last quarter. Institutional investors own 79.22% of the company’s stock.

A number of equities research analysts have commented on CRCM shares. Zacks Investment Research raised shares of Care.com from a “sell” rating to a “hold” rating in a research report on Monday, October 1st. ValuEngine raised shares of Care.com from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 21st. Finally, Craig Hallum set a $24.00 target price on shares of Care.com and gave the stock a “buy” rating in a research report on Tuesday, July 31st. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $22.00.

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About Care.com

Care.com, Inc operates an online marketplace for finding and managing family care in the United States and internationally. The company helps families to address their lifecycle of care needs, including 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 enables caregivers to find full-time and part-time employment opportunities.

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Earnings History for Care.com (NYSE:CRCM)

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