Care.com (CRCM) Announces Quarterly Earnings Results

Care.com (NYSE:CRCM) posted its earnings results on Thursday. The information services provider reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.19, MarketWatch Earnings reports. Care.com had a return on equity of 15.34% and a net margin of 5.87%. The firm had revenue of $49.20 million during the quarter, compared to analyst estimates of $49.22 million. During the same period in the previous year, the company earned $0.18 EPS. The company’s revenue for the quarter was up 10.6% on a year-over-year basis.

Shares of CRCM stock traded down $1.52 during trading hours on Friday, reaching $17.33. 5,577 shares of the company’s stock were exchanged, compared to its average volume of 304,694. Care.com has a fifty-two week low of $15.14 and a fifty-two week high of $22.95. The firm has a market cap of $553.69 million, a PE ratio of 64.22, a price-to-earnings-growth ratio of 5.62 and a beta of 1.25.

CRCM has been the subject of several analyst reports. Craig Hallum set a $24.00 target price on Care.com and gave the stock a “buy” rating in a report on Tuesday, July 31st. ValuEngine lowered Care.com from a “strong-buy” rating to a “buy” rating in a report on Monday, July 30th. Finally, Zacks Investment Research upgraded Care.com from a “sell” rating to a “hold” rating in a report on Monday, October 1st. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Care.com has an average rating of “Buy” and a consensus target price of $22.00.

In other news, insider David Krupinski sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $19.21, for a total transaction of $192,100.00. Following the completion of the transaction, the insider now directly owns 138,181 shares in the company, valued at $2,654,457.01. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Sheila Lirio Marcelo sold 64,925 shares of the company’s stock in a transaction that occurred on Tuesday, October 9th. The stock was sold at an average price of $21.32, for a total value of $1,384,201.00. Following the transaction, the insider now owns 1,089,633 shares of the company’s stock, valued at $23,230,975.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 209,819 shares of company stock valued at $4,345,231. Corporate insiders own 30.90% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CRCM. Northern Trust Corp grew its position in Care.com by 6.0% in the first quarter. Northern Trust Corp now owns 170,102 shares of the information services provider’s stock valued at $2,767,000 after acquiring an additional 9,554 shares during the period. BlackRock Inc. grew its position in Care.com by 2.9% in the first quarter. BlackRock Inc. now owns 1,239,238 shares of the information services provider’s stock valued at $20,159,000 after acquiring an additional 35,133 shares during the period. Principal Financial Group Inc. grew its position in Care.com by 52.4% in the first quarter. Principal Financial Group Inc. now owns 22,367 shares of the information services provider’s stock valued at $364,000 after acquiring an additional 7,694 shares during the period. UBS Group AG grew its position in Care.com by 7.9% in the first quarter. UBS Group AG now owns 54,464 shares of the information services provider’s stock valued at $886,000 after acquiring an additional 3,992 shares during the period. Finally, Jane Street Group LLC bought a new stake in Care.com in the first quarter valued at $260,000. Institutional investors and hedge funds own 79.22% of the company’s stock.

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Care.com Company Profile

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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Earnings History for Care.com (NYSE:CRCM)

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