EAM Investors LLC Has $890,000 Holdings in Care.com Inc (CRCM)

EAM Investors LLC cut its holdings in shares of Care.com Inc (NYSE:CRCM) by 20.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 40,244 shares of the information services provider’s stock after selling 10,373 shares during the period. EAM Investors LLC’s holdings in Care.com were worth $890,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Bessemer Group Inc. raised its holdings in shares of Care.com by 59.4% in the 2nd quarter. Bessemer Group Inc. now owns 11,000 shares of the information services provider’s stock valued at $230,000 after purchasing an additional 4,100 shares during the period. Principal Financial Group Inc. raised its holdings in Care.com by 52.4% in the 1st 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. Rhumbline Advisers raised its holdings in Care.com by 53.9% in the 2nd quarter. Rhumbline Advisers now owns 19,291 shares of the information services provider’s stock valued at $403,000 after acquiring an additional 6,758 shares during the period. Engineers Gate Manager LP raised its holdings in Care.com by 182.2% in the 2nd quarter. Engineers Gate Manager LP now owns 30,459 shares of the information services provider’s stock valued at $636,000 after acquiring an additional 19,665 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its holdings in Care.com by 44.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 41,000 shares of the information services provider’s stock valued at $857,000 after acquiring an additional 12,700 shares during the period. 75.63% of the stock is currently owned by hedge funds and other institutional investors.

Care.com stock opened at $17.60 on Friday. The stock has a market capitalization of $559.62 million, a price-to-earnings ratio of 76.52, a P/E/G ratio of 4.51 and a beta of 1.25. Care.com Inc has a twelve month low of $15.14 and a twelve month high of $22.95.

Care.com (NYSE:CRCM) last released its quarterly earnings results on Thursday, November 8th. The information services provider reported $0.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.19. The firm had revenue of $49.20 million for the quarter, compared to analysts’ expectations of $49.22 million. Care.com had a net margin of 6.58% and a return on equity of 13.15%. The business’s revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.18 EPS. On average, equities research analysts anticipate that Care.com Inc will post 0.26 earnings per share for the current year.

Several research analysts have weighed in on the stock. Craig Hallum set a $24.00 price target on shares of Care.com and gave the company a “buy” rating in a report on Tuesday, July 31st. ValuEngine cut shares of Care.com from a “strong-buy” rating to a “buy” rating in a report on Monday, July 30th. Zacks Investment Research cut shares of Care.com from a “hold” rating to a “sell” rating in a report on Friday, August 3rd. Finally, BTIG Research assumed coverage on shares of Care.com in a report on Tuesday, November 13th. They issued a “buy” rating and a $23.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $22.33.

In other Care.com news, insider Sheila Lirio Marcelo sold 24,268 shares of the stock in a transaction that occurred on Thursday, November 8th. The shares were sold at an average price of $19.00, for a total transaction of $461,092.00. Following the transaction, the insider now owns 1,078,976 shares in the company, valued at approximately $20,500,544. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Michael Echenberg sold 9,269 shares of the stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $19.89, for a total transaction of $184,360.41. Following the transaction, the chief financial officer now owns 33,125 shares in the company, valued at approximately $658,856.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 234,087 shares of company stock worth $4,806,323. Company insiders own 30.90% 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.

Further Reading: Fundamental Analysis

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Institutional Ownership by Quarter for Care.com (NYSE:CRCM)

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