Care.com (NYSE:CRCM) Trading 8.5% Higher

Shares of Care.com Inc (NYSE:CRCM) traded up 8.5% during trading on Thursday . The stock traded as high as $11.05 and last traded at $10.99, 732,703 shares were traded during trading. An increase of 31% from the average session volume of 558,011 shares. The stock had previously closed at $10.13.

Several equities analysts have commented on the company. ValuEngine upgraded Care.com from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. TheStreet downgraded Care.com from a “c” rating to a “d+” rating in a report on Wednesday, August 7th. Zacks Investment Research downgraded Care.com from a “buy” rating to a “hold” rating in a report on Friday, October 4th. Roth Capital reiterated a “neutral” rating and set a $10.00 price target (down previously from $17.00) on shares of Care.com in a report on Tuesday, August 6th. Finally, Craig Hallum reiterated a “hold” rating and set a $9.00 price target (down previously from $15.00) on shares of Care.com in a report on Wednesday, August 7th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Care.com has an average rating of “Hold” and an average price target of $12.00.

The firm’s 50 day moving average price is $10.12 and its 200-day moving average price is $12.53. The firm has a market cap of $330.60 million, a price-to-earnings ratio of 30.53, a P/E/G ratio of 134.53 and a beta of 0.95. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.85 and a quick ratio of 2.85.

Care.com (NYSE:CRCM) last announced its quarterly earnings data on Tuesday, August 6th. The information services provider reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.01. The business 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 quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the company posted $0.14 earnings per share.

In other news, insider David Krupinski sold 3,120 shares of the firm’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $9.82, for a total value of $30,638.40. Following the sale, the insider now owns 154,635 shares in the company, valued at $1,518,515.70. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Chet Kapoor acquired 60,000 shares of the stock in a transaction dated Monday, August 12th. The stock was bought at an average price of $9.09 per share, for a total transaction of $545,400.00. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 21,488 shares of company stock worth $211,012. 28.10% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its position in 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 purchasing an additional 245,101 shares during the period. Renaissance Technologies LLC lifted its position in Care.com by 17.6% in the second quarter. Renaissance Technologies LLC now owns 2,386,200 shares of the information services provider’s stock worth $26,200,000 after purchasing an additional 357,500 shares during the period. Voloridge Investment Management LLC bought a new position in Care.com in the second quarter worth $168,000. Aperio Group LLC bought a new position in shares of Care.com during the second quarter valued at $37,000. Finally, Clark Estates Inc. NY bought a new position in shares of Care.com during the second quarter valued at $1,454,000. 84.45% of the stock is owned by hedge funds and other institutional investors.

About Care.com (NYSE:CRCM)

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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