Care.com, Inc. (CRCM) Upgraded to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Care.com, Inc. (NYSE:CRCM) from a hold rating to a buy rating in a report released on Monday. Zacks Investment Research currently has $18.00 price target on the information services provider’s stock.

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 brokerages also recently issued reports on CRCM. BidaskClub downgraded Care.com from a sell rating to a strong sell rating in a research note on Friday, September 22nd. Roth Capital set a $14.00 target price on Care.com and gave the stock a hold rating in a research note on Thursday, August 3rd. Finally, Stifel Nicolaus increased their target price on Care.com from $12.00 to $14.00 and gave the stock a buy rating in a research note on Friday, August 11th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $15.33.

Care.com (NYSE:CRCM) last issued its earnings results on Thursday, August 10th. The information services provider reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.15. The business had revenue of $42.00 million during the quarter, compared to the consensus estimate of $41.34 million. Care.com had a return on equity of 10.98% and a net margin of 3.66%. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the prior year, the business posted ($0.03) EPS.

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In related news, insider David Krupinski sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $16.24, for a total value of $324,800.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Michael Echenberg sold 6,329 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $14.56, for a total value of $92,150.24. Following the completion of the sale, the chief financial officer now owns 18,876 shares in the company, valued at approximately $274,834.56. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,498 shares of company stock worth $594,713. Insiders own 24.70% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Teachers Advisors LLC grew its holdings 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 acquiring an additional 20,339 shares during the period. Koch Industries Inc. acquired a new stake in shares of Care.com in the 1st quarter worth approximately $175,000. HighTower Advisors LLC acquired a new stake in shares of Care.com in the 1st quarter worth approximately $137,000. Symmetry Peak Management LLC acquired a new stake in shares of Care.com in the 1st quarter worth approximately $250,000. Finally, American Century Companies Inc. grew its holdings in shares of Care.com by 26.1% in the 2nd quarter. American Century Companies Inc. now owns 206,900 shares of the information services provider’s stock worth $3,124,000 after acquiring an additional 42,815 shares during the period. Institutional investors and hedge funds own 73.68% of the company’s stock.

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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