Care.com (NYSE:CRCM) will be announcing its earnings results before the market opens on Tuesday, February 27th. Analysts expect the company to announce earnings of $0.17 per share for the quarter.
Care.com (CRCM) opened at $17.35 on Tuesday. Care.com has a 12-month low of $9.42 and a 12-month high of $20.88. The firm has a market cap of $521.95, a PE ratio of 46.89, a PEG ratio of 2.57 and a beta of 1.01.
Several brokerages have commented on CRCM. Zacks Investment Research cut shares of Care.com from a “buy” rating to a “hold” rating in a report on Thursday, October 26th. TheStreet upgraded shares of Care.com from a “c” rating to a “b-” rating in a report on Friday, November 17th. Finally, Roth Capital upgraded shares of Care.com from a “neutral” rating to a “buy” rating and raised their target price for the stock from $14.00 to $18.00 in a report on Thursday, November 2nd. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $17.67.
In other news, CTO David Krupinski sold 10,000 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $18.65, for a total value of $186,500.00. Following the completion of the sale, the chief technology officer now directly owns 180,678 shares of the company’s stock, valued at $3,369,644.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael Echenberg sold 1,500 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $17.01, for a total transaction of $25,515.00. Following the completion of the sale, the chief financial officer now directly owns 15,883 shares of the company’s stock, valued at $270,169.83. The disclosure for this sale can be found here. Over the last quarter, insiders sold 159,374 shares of company stock valued at $2,910,581. Corporate insiders own 35.90% of the company’s stock.
An institutional investor recently raised its position in Care.com stock. The Manufacturers Life Insurance Company lifted its stake in Care.com Inc (NYSE:CRCM) by 47.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,801 shares of the information services provider’s stock after purchasing an additional 3,805 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Care.com were worth $179,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 73.16% 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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