Care.com, Inc. (CRCM) Holdings Lifted by Marathon Capital Management

Marathon Capital Management lifted its position in Care.com, Inc. (NYSE:CRCM) by 0.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 261,450 shares of the information services provider’s stock after buying an additional 600 shares during the period. Care.com makes up about 1.9% of Marathon Capital Management’s investment portfolio, making the stock its 6th biggest position. Marathon Capital Management owned approximately 0.89% of Care.com worth $3,948,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Teachers Advisors LLC boosted its stake in shares of Care.com by 69.2% in the 4th quarter. Teachers Advisors LLC now owns 49,715 shares of the information services provider’s stock worth $426,000 after buying an additional 20,339 shares during the last quarter. Koch Industries Inc. purchased a new position in Care.com during the first quarter valued at $175,000. HighTower Advisors LLC purchased a new position in Care.com during the first quarter valued at $137,000. Symmetry Peak Management LLC purchased a new position in Care.com during the first quarter valued at $250,000. Finally, American Century Companies Inc. lifted its position in Care.com by 26.1% during the second quarter. American Century Companies Inc. now owns 206,900 shares of the information services provider’s stock valued at $3,124,000 after purchasing an additional 42,815 shares in the last quarter. Hedge funds and other institutional investors own 73.68% of the company’s stock.

Several equities analysts recently weighed in on the company. BidaskClub downgraded Care.com from a “sell” rating to a “strong sell” rating in a research report on Friday. Stifel Nicolaus lifted their target price 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 report on Thursday, August 10th. Finally, Zacks Investment Research cut Care.com from a “buy” rating to a “hold” rating in a report on Friday, July 21st. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $15.00.

In other news, insider David Krupinski sold 4,175 shares of the company’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $14.71, for a total value of $61,414.25. Following the completion of the transaction, the insider now directly owns 176,284 shares in the company, valued at $2,593,137.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael Echenberg sold 6,329 shares of the company’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $14.56, for a total transaction of $92,150.24. Following the completion of the transaction, the chief financial officer now owns 18,876 shares of the company’s stock, valued at $274,834.56. The disclosure for this sale can be found here. Insiders sold 24,673 shares of company stock valued at $360,728 in the last three months. Company insiders own 24.70% of the company’s stock.

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Shares of Care.com, Inc. (NYSE:CRCM) opened at 14.43 on Friday. The company has a market capitalization of $429.57 million, a PE ratio of 577.20 and a beta of 0.92. The stock has a 50 day moving average price of $14.80 and a 200 day moving average price of $13.96. Care.com, Inc. has a one year low of $7.51 and a one year high of $16.50.

Care.com (NYSE:CRCM) last released its quarterly earnings data on Thursday, August 10th. The information services provider reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.15. Care.com had a net margin of 3.66% and a return on equity of 10.98%. The company had revenue of $42.00 million during the quarter, compared to analyst estimates of $41.34 million. During the same quarter in the prior year, the business earned ($0.03) earnings per share. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. On average, equities research analysts predict that Care.com, Inc. will post $0.40 earnings per share for the current year.

Care.com Profile

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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