Insider Buying: Care.com Inc (NYSE:CRCM) Director Buys 27,500 Shares of Stock

Care.com Inc (NYSE:CRCM) Director George Bell bought 27,500 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were purchased at an average price of $9.00 per share, for a total transaction of $247,500.00. Following the transaction, the director now owns 47,190 shares of the company’s stock, valued at approximately $424,710. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

NYSE:CRCM traded up $0.23 during trading hours on Tuesday, reaching $9.33. 526,600 shares of the company were exchanged, compared to its average volume of 567,201. The company has a current ratio of 2.85, a quick ratio of 2.85 and a debt-to-equity ratio of 0.20. The stock has a market cap of $287.02 million, a price-to-earnings ratio of 25.92, a price-to-earnings-growth ratio of 116.80 and a beta of 0.92. Care.com Inc has a 52-week low of $7.61 and a 52-week high of $25.81. The company’s 50 day moving average is $10.76.

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

Several hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC raised its stake in shares of Care.com by 17.6% in the 2nd quarter. Renaissance Technologies LLC now owns 2,386,200 shares of the information services provider’s stock valued at $26,200,000 after acquiring an additional 357,500 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Care.com by 100.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 423,460 shares of the information services provider’s stock valued at $8,177,000 after acquiring an additional 212,393 shares during the period. Geode Capital Management LLC raised its stake in shares of Care.com by 19.7% in the 4th quarter. Geode Capital Management LLC now owns 297,261 shares of the information services provider’s stock valued at $5,739,000 after acquiring an additional 48,963 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Care.com by 1.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 287,110 shares of the information services provider’s stock valued at $3,152,000 after acquiring an additional 3,372 shares during the period. Finally, Northern Trust Corp raised its stake in shares of Care.com by 3.6% in the 2nd quarter. Northern Trust Corp now owns 276,092 shares of the information services provider’s stock valued at $3,031,000 after acquiring an additional 9,641 shares during the period. 85.99% of the stock is currently owned by institutional investors and hedge funds.

CRCM has been the topic of a number of recent analyst reports. BTIG Research reaffirmed a “hold” rating on shares of Care.com in a research note on Wednesday, June 26th. ValuEngine raised shares of Care.com from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Craig Hallum reaffirmed a “hold” rating and set a $9.00 price target (down previously from $15.00) on shares of Care.com in a research note on Wednesday, August 7th. Zacks Investment Research downgraded shares of Care.com from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $17.00 price target on shares of Care.com in a research note on Thursday, May 9th. Six research analysts have rated the stock with a hold rating, Care.com currently has an average rating of “Hold” and a consensus target price of $13.17.

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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Insider Buying and Selling by Quarter for Care.com (NYSE:CRCM)

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