Care.com, Inc. (NYSE:CRCM) Upgraded by Zacks Investment Research to “Buy”

Care.com, Inc. (NYSE:CRCM) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Wednesday, November 8th. The firm presently has a $21.00 target price on the information services provider’s stock. Zacks Investment Research‘s price target suggests a potential upside of 12.66% from the company’s current price.

According to Zacks, “Care.com, Inc. provides online marketplace for finding and managing family care primarily in the United States and internationally. Its platform provides care needs which consists of 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 helps caregivers find employment opportunities. Care.com, Inc. is based in Waltham, Massachusetts. “

A number of other analysts have also weighed in on the company. BidaskClub lowered Care.com from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Roth Capital raised Care.com from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $14.00 to $18.00 in a research report on Thursday, November 2nd. Finally, Stifel Nicolaus upped their price objective on Care.com from $12.00 to $14.00 and gave the stock a “buy” rating in a research report on Friday, August 11th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company. Care.com currently has a consensus rating of “Buy” and a consensus target price of $17.67.

Shares of Care.com (NYSE CRCM) traded up $0.08 during midday trading on Wednesday, reaching $18.64. The company’s stock had a trading volume of 629,904 shares, compared to its average volume of 222,386. The stock has a market capitalization of $558.34, a price-to-earnings ratio of 50.16, a price-to-earnings-growth ratio of 4.03 and a beta of 0.92. Care.com has a 52 week low of $8.01 and a 52 week high of $20.88.

Care.com (NYSE:CRCM) last announced its earnings results on Thursday, November 2nd. The information services provider reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.10. Care.com had a return on equity of 17.27% and a net margin of 4.46%. The company had revenue of $44.50 million for the quarter, compared to analyst estimates of $44.22 million. During the same quarter in the previous year, the company earned $0.02 earnings per share. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. equities research analysts predict that Care.com will post 0.31 EPS for the current fiscal year.

In other Care.com news, CEO Sheila Lirio Marcelo sold 13,000 shares of the company’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $18.96, for a total value of $246,480.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Diane Musi sold 3,018 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 $43,942.08. Following the completion of the transaction, the general counsel now owns 33,006 shares of the company’s stock, valued at approximately $480,567.36. The disclosure for this sale can be found here. In the last quarter, insiders have sold 169,353 shares of company stock valued at $2,896,522. Insiders own 24.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp boosted its stake in shares of Care.com by 3.8% during the first quarter. Bank of New York Mellon Corp now owns 73,022 shares of the information services provider’s stock worth $914,000 after buying an additional 2,700 shares during the period. Parametric Portfolio Associates LLC boosted its stake in shares of Care.com by 23.6% during the first quarter. Parametric Portfolio Associates LLC now owns 23,270 shares of the information services provider’s stock worth $291,000 after buying an additional 4,442 shares during the period. American International Group Inc. boosted its stake in shares of Care.com by 6.3% during the first quarter. American International Group Inc. now owns 9,782 shares of the information services provider’s stock worth $122,000 after buying an additional 583 shares during the period. Teachers Advisors LLC boosted its stake in shares of Care.com by 72.0% during the first quarter. Teachers Advisors LLC now owns 85,486 shares of the information services provider’s stock worth $1,069,000 after buying an additional 35,771 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its stake in shares of Care.com by 65.1% during the first quarter. TIAA CREF Investment Management LLC now owns 134,750 shares of the information services provider’s stock worth $1,686,000 after buying an additional 53,155 shares during the period. Institutional investors own 73.64% of the company’s stock.

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Care.com Company 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.

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