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

Zacks Investment Research upgraded shares of Care.com, Inc. (NYSE:CRCM) from a hold rating to a buy rating in a research report released on Tuesday, October 17th. Zacks Investment Research currently has $18.00 target price 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. “

CRCM has been the topic of a number of other research reports. Roth Capital set a $14.00 target price on Care.com and gave the company a hold rating in a report on Thursday, August 10th. BidaskClub upgraded Care.com from a strong sell rating to a sell rating in a report on Thursday, September 28th. Finally, Stifel Nicolaus increased their target price on Care.com from $12.00 to $14.00 and gave the company a buy rating in a report on Friday, August 11th.

Care.com (NYSE CRCM) traded up $0.96 during midday trading on Tuesday, reaching $20.59. The company had a trading volume of 461,721 shares, compared to its average volume of 223,929. Care.com has a 12-month low of $7.51 and a 12-month high of $19.68. The stock has a market cap of $590.54, a P/E ratio of 53.05, a P/E/G ratio of 4.44 and a beta of 0.92.

Care.com (NYSE:CRCM) last released its quarterly earnings data on Thursday, November 2nd. The information services provider reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.10. Care.com had a return on equity of 17.27% and a net margin of 4.46%. The firm had revenue of $44.50 million during the quarter, compared to the consensus estimate of $44.22 million. During the same period last year, the business posted $0.02 EPS. Care.com’s quarterly revenue was up 9.1% on a year-over-year basis. equities research analysts forecast that Care.com will post 0.3 EPS for the current year.

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In related news, General Counsel Diane Musi sold 3,018 shares of Care.com stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $14.56, for a total value of $43,942.08. Following the transaction, the general counsel now owns 33,006 shares in the company, valued at $480,567.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David Krupinski sold 40,000 shares of Care.com stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $17.23, for a total value of $689,200.00. Following the completion of the transaction, the insider now owns 180,678 shares in the company, valued at approximately $3,113,081.94. The disclosure for this sale can be found here. Insiders have sold 106,353 shares of company stock worth $1,726,582 in the last 90 days. Insiders own 35.90% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Janus Henderson Group PLC acquired a new position in Care.com in the second quarter valued at $7,371,000. HighTower Advisors LLC acquired a new position in Care.com in the first quarter valued at $137,000. Teachers Advisors LLC boosted its holdings in Care.com by 72.0% in the first quarter. Teachers Advisors LLC now owns 85,486 shares of the information services provider’s stock valued at $1,069,000 after acquiring an additional 35,771 shares during the last quarter. American Century Companies Inc. boosted its holdings in Care.com by 26.1% in 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 acquiring an additional 42,815 shares during the last quarter. Finally, Pier Capital LLC purchased a new position in Care.com in the second quarter valued at about $5,686,000. Hedge funds and other institutional investors own 74.28% of the company’s stock.

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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