Care.com (NYSE:CRCM) Upgraded to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Care.com (NYSE:CRCM) from a hold rating to a buy rating in a research note issued to investors on Tuesday, Zacks.com reports. Zacks Investment Research currently has $12.00 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. “

A number of other research firms have also issued reports on CRCM. Stifel Nicolaus upgraded Kimbell Royalty Partners from a hold rating to a buy rating and set a $19.00 target price for the company in a report on Thursday, May 9th. Craig Hallum upgraded Western Digital from a hold rating to a buy rating and lifted their target price for the company from $49.00 to $54.00 in a report on Wednesday, June 26th. BTIG Research set a $65.00 target price on Lennar and gave the company a buy rating in a report on Wednesday, June 26th. TheStreet lowered Trade Desk from a b- rating to a c- rating in a report on Thursday, May 9th. Finally, Roth Capital set a $33.00 target price on Stemline Therapeutics and gave the company a buy rating in a report on Friday, May 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Care.com currently has an average rating of Hold and an average price target of $17.17.

NYSE:CRCM traded up $0.21 during midday trading on Tuesday, reaching $11.39. The company had a trading volume of 637 shares, compared to its average volume of 625,238. The firm has a market cap of $360.82 million, a price-to-earnings ratio of 31.41 and a beta of 1.00. The business’s fifty day simple moving average is $13.27. Care.com has a 12-month low of $10.67 and a 12-month high of $25.81. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.75 and a quick ratio of 2.75.

Care.com (NYSE:CRCM) last released its earnings results on Thursday, May 9th. The information services provider reported $0.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.17. The firm had revenue of $53.30 million during the quarter, compared to analyst estimates of $52.75 million. Care.com had a return on equity of 7.81% and a net margin of 24.80%. Care.com’s revenue was up 12.7% compared to the same quarter last year. During the same period last year, the business posted $0.19 earnings per share.

In other Care.com news, CFO Michael Echenberg sold 7,621 shares of Care.com stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $14.37, for a total transaction of $109,513.77. Following the completion of the sale, the chief financial officer now directly owns 49,869 shares of the company’s stock, valued at approximately $716,617.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David Krupinski sold 3,052 shares of Care.com stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $14.37, for a total value of $43,857.24. Following the sale, the insider now directly owns 152,303 shares of the company’s stock, valued at $2,188,594.11. The disclosure for this sale can be found here. Insiders have sold a total of 32,509 shares of company stock valued at $489,953 over the last ninety days. 28.10% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in CRCM. Rhumbline Advisers lifted its holdings in Care.com by 46.6% in the fourth quarter. Rhumbline Advisers now owns 25,842 shares of the information services provider’s stock worth $499,000 after acquiring an additional 8,216 shares during the last quarter. BlackRock Inc. lifted its holdings in Care.com by 1.3% in the fourth quarter. BlackRock Inc. now owns 2,049,008 shares of the information services provider’s stock worth $39,567,000 after acquiring an additional 26,704 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Care.com by 8.7% in the fourth quarter. Bank of New York Mellon Corp now owns 98,699 shares of the information services provider’s stock worth $1,906,000 after acquiring an additional 7,888 shares during the last quarter. Northern Trust Corp lifted its holdings in Care.com by 0.4% in the fourth quarter. Northern Trust Corp now owns 257,480 shares of the information services provider’s stock worth $4,972,000 after acquiring an additional 1,039 shares during the last quarter. Finally, Great West Life Assurance Co. Can bought a new position in Care.com in the fourth quarter worth about $96,000. 86.59% of the stock is owned by institutional investors.

About Care.com

Care.com, Inc operates an online marketplace for finding and managing family care in the United States and internationally. The company helps families to address their lifecycle of care needs, including 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 enables caregivers to find full-time and part-time employment opportunities.

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