Published On: Tue, Sep 13th, 2016

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Shares of Care.com Inc (NASDAQ:CRCM) have been given a consensus broker rating score of 2.67 (Hold) from the six brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Care.com’s rating score has improved by 2.9% from 90 days ago as a result of various analysts’ ratings changes.
Brokerages have set a one year consensus price objective of $10.80 for the company and are anticipating that the company will post ($0.07) EPS for the current quarter, according to Zacks. Zacks has also given Care.com an industry rank of 226 out of 265 based on the ratings given to related companies.
A number of analysts have recently issued reports on the stock. Morgan Stanley reissued a “hold” rating on shares of Care.com in a research report on Thursday, June 30th. Roth Capital began coverage on shares of Care.com in a research report on Friday. They set a “neutral” rating and a $10.50 price objective on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $12.00 price objective (up previously from $9.00) on shares of Care.com in a research report on Thursday, June 30th. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of Care.com in a research report on Thursday, June 30th. Finally, Zacks Investment Research lowered shares of Care.com from a “buy” rating to a “hold” rating in a research report on Tuesday, June 28th.

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In other news, major shareholder Matrix Partners Vii Lp Et Al sold 3,684,645 shares of Care.com stock in a transaction that occurred on Wednesday, June 29th. The shares were sold at an average price of $8.25, for a total value of $30,398,321.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Institutional investors have recently added to or reduced their stakes in the stock. American Century Companies Inc. purchased a new position in Care.com during the second quarter worth approximately $278,000. Bridgeway Capital Management Inc. purchased a new position in Care.com during the second quarter worth approximately $1,070,000. Parametric Portfolio Associates LLC raised its position in Care.com by 22.4% in the second quarter. Parametric Portfolio Associates LLC now owns 18,031 shares of the company’s stock worth $211,000 after buying an additional 3,300 shares in the last quarter. Citadel Advisors LLC raised its position in Care.com by 88.7% in the second quarter. Citadel Advisors LLC now owns 41,098 shares of the company’s stock worth $480,000 after buying an additional 19,321 shares in the last quarter. Finally, Spark Investment Management LLC raised its position in Care.com by 49.0% in the second quarter. Spark Investment Management LLC now owns 50,500 shares of the company’s stock worth $589,000 after buying an additional 16,600 shares in the last quarter.
Shares of Care.com (NASDAQ:CRCM) traded down 1.71% on Tuesday, hitting $9.75. 21,892 shares of the stock traded hands. The stock has a 50-day moving average price of $10.66 and a 200 day moving average price of $8.62. The stock’s market cap is $278.85 million. Care.com has a 12-month low of $4.89 and a 12-month high of $12.00.
Care.com (NASDAQ:CRCM) last posted its quarterly earnings results on Wednesday, July 27th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by $0.01. The firm had revenue of $38.20 million for the quarter, compared to analyst estimates of $37.97 million. Care.com’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period last year, the business earned ($0.12) earnings per share. On average, analysts anticipate that Care.com will post $0.17 earnings per share for the current fiscal year.
Care.com Company Profile
Care.com, Inc is an online marketplace for finding and managing family care. The Company has approximately 18.4 million members, including over 10.3 million families and approximately 8.1 million caregivers, spanning over 20 countries. Its consumer matching solutions allow families to search for, qualify, vet, connect with and select caregivers.
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