Care.com Inc (NASDAQ:CRCM) received a $10.00 target price from stock analysts at Roth Capital in a note issued to investors on Wednesday. The brokerage currently has a “hold” rating on the stock. Roth Capital’s target price indicates a potential upside of 12.11% from the stock’s current price.
Several other analysts also recently commented on CRCM. TheStreet raised shares of Care.com from a “sell” rating to a “hold” rating in a report on Tuesday, November 1st. Morgan Stanley upped their price objective on shares of Care.com from $6.00 to $9.50 and gave the company an “equal weight” rating in a report on Thursday, July 28th. Zacks Investment Research raised shares of Care.com from a “sell” rating to a “hold” rating in a report on Tuesday, September 27th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $13.00 price objective (up from $12.00) on shares of Care.com in a report on Thursday, July 28th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $10.83.
Shares of Care.com (NASDAQ:CRCM) traded down 0.89% during mid-day trading on Wednesday, reaching $8.92. 30,084 shares of the company’s stock were exchanged. The stock has a market capitalization of $257.07 million and a PE ratio of 91.96. The company’s 50 day moving average is $8.89 and its 200 day moving average is $9.67. Care.com has a 1-year low of $4.90 and a 1-year high of $12.00.
Care.com (NASDAQ:CRCM) last released its earnings results on Tuesday, November 1st. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.04. The company had revenue of $40.80 million for the quarter, compared to analysts’ expectations of $40.14 million. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.18) EPS. Equities research analysts anticipate that Care.com will post $0.15 EPS for the current fiscal year.
In related news, CFO Michael Echenberg sold 3,872 shares of the stock in a transaction on Monday, September 12th. The shares were sold at an average price of $9.83, for a total transaction of $38,061.76. Following the sale, the chief financial officer now directly owns 18,368 shares of the company’s stock, valued at $180,557.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider David Krupinski sold 6,000 shares of the stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $10.36, for a total transaction of $62,160.00. Following the sale, the insider now directly owns 180,428 shares in the company, valued at $1,869,234.08. The disclosure for this sale can be found here.
Hedge funds have recently made changes to their positions in the company. Parametric Portfolio Associates LLC increased its stake in shares of 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 during the period. Citadel Advisors LLC increased its stake in shares of 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 during the period. Spark Investment Management LLC increased its stake in shares of 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 during the period. Board of Trustees of The Leland Stanford Junior University purchased a new stake in shares of Care.com during the second quarter worth about $231,000. Finally, Dynamic Technology Lab Private Ltd increased its stake in shares of Care.com by 1.8% in the second quarter. Dynamic Technology Lab Private Ltd now owns 11,645 shares of the company’s stock worth $136,000 after buying an additional 211 shares during the period.
Care.com Company Profile