Care.com (NYSE:CRCM) Stock Rating Lowered by TheStreet

Care.com (NYSE:CRCM) was downgraded by analysts at TheStreet from a “c” rating to a “d+” rating in a research note issued on Wednesday, TheStreetRatingsTable reports.

Several other brokerages have also weighed in on CRCM. Roth Capital reaffirmed a “neutral” rating and set a $10.00 price objective (down previously from $17.00) on shares of Care.com in a research report on Tuesday. Craig Hallum reaffirmed a “hold” rating and set a $9.00 price objective (down previously from $15.00) on shares of Care.com in a research report on Wednesday. BTIG Research reaffirmed a “hold” rating on shares of Care.com in a research report on Wednesday, June 26th. Zacks Investment Research raised shares of Care.com from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research report on Tuesday, July 9th. Finally, ValuEngine raised shares of Care.com from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $13.17.

CRCM traded down $0.09 during midday trading on Wednesday, hitting $8.76. 1,385,203 shares of the company’s stock traded hands, compared to its average volume of 744,201. The stock has a market capitalization of $251.04 million, a P/E ratio of 24.33 and a beta of 0.92. The company’s fifty day moving average price is $11.26. The company has a current ratio of 2.85, a quick ratio of 2.75 and a debt-to-equity ratio of 0.20. Care.com has a one year low of $7.61 and a one year high of $25.81.

Care.com (NYSE:CRCM) last issued its quarterly earnings data on Tuesday, August 6th. The information services provider reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.01. The firm had revenue of $51.00 million for the quarter, compared to analyst estimates of $52.20 million. Care.com had a negative net margin of 7.61% and a positive return on equity of 7.81%. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.14 earnings per share.

In other news, CFO Michael Echenberg sold 7,621 shares of the firm’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $14.37, for a total value of $109,513.77. Following the sale, the chief financial officer now owns 49,869 shares in the company, valued at $716,617.53. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Sheila Lirio Marcelo sold 9,805 shares of the firm’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $14.37, for a total transaction of $140,897.85. Following the completion of the sale, the chief executive officer now owns 1,221,974 shares in the company, valued at approximately $17,559,766.38. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,273 shares of company stock worth $305,693. Corporate insiders own 28.10% of the company’s stock.

Several institutional investors have recently made changes to their positions in CRCM. JPMorgan Chase & Co. grew its stake in shares of Care.com by 5,040.1% in the second quarter. JPMorgan Chase & Co. now owns 249,964 shares of the information services provider’s stock worth $2,749,000 after acquiring an additional 245,101 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Care.com by 100.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 423,460 shares of the information services provider’s stock worth $8,177,000 after acquiring an additional 212,393 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Care.com by 34,879.4% in the first quarter. PNC Financial Services Group Inc. now owns 188,889 shares of the information services provider’s stock worth $3,733,000 after acquiring an additional 188,349 shares during the last quarter. Clark Estates Inc. NY acquired a new stake in shares of Care.com in the second quarter worth $1,454,000. Finally, SG Americas Securities LLC grew its stake in shares of Care.com by 130.3% in the second quarter. SG Americas Securities LLC now owns 222,227 shares of the information services provider’s stock worth $2,440,000 after acquiring an additional 125,731 shares during the last quarter. Institutional investors and hedge funds own 85.94% of the company’s stock.

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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