Russell Investments Group Ltd. raised its position in Care.com, Inc. (NYSE:CRCM) by 90.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,500 shares of the information services provider’s stock after purchasing an additional 24,000 shares during the quarter. Russell Investments Group Ltd. owned 0.17% of Care.com worth $763,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. American International Group Inc. raised its position in Care.com by 6.3% in the 1st quarter. American International Group Inc. now owns 9,782 shares of the information services provider’s stock worth $122,000 after purchasing an additional 583 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in Care.com in the 1st quarter worth about $137,000. HighTower Advisors LLC purchased a new stake in Care.com in the 1st quarter worth about $137,000. Koch Industries Inc. purchased a new stake in Care.com in the 1st quarter worth about $175,000. Finally, Symmetry Peak Management LLC purchased a new stake in Care.com in the 1st quarter worth about $250,000. 74.55% of the stock is currently owned by institutional investors.
Shares of Care.com, Inc. (NYSE:CRCM) traded up 0.84% during trading on Friday, reaching $14.49. 213,443 shares of the company’s stock were exchanged. The stock has a market cap of $431.35 million, a P/E ratio of 579.60 and a beta of 0.92. Care.com, Inc. has a 12-month low of $7.51 and a 12-month high of $16.50. The company has a 50 day moving average of $14.81 and a 200 day moving average of $13.84.
Care.com (NYSE:CRCM) last released its quarterly earnings results on Thursday, August 10th. The information services provider reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.15. The business had revenue of $42.00 million for the quarter, compared to the consensus estimate of $41.34 million. Care.com had a net margin of 3.66% and a return on equity of 10.98%. The business’s revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.03) EPS. Equities research analysts anticipate that Care.com, Inc. will post $0.41 EPS for the current year.
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A number of analysts recently weighed in on CRCM shares. Zacks Investment Research raised shares of Care.com from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research report on Wednesday, July 19th. BidaskClub lowered shares of Care.com from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. Roth Capital set a $14.00 target price on shares of Care.com and gave the stock a “hold” rating in a research note on Monday, June 12th. Finally, Stifel Nicolaus upped their target price on shares of Care.com from $12.00 to $14.00 and gave the stock a “buy” rating in a research note on Friday, August 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $15.00.
In other news, General Counsel Diane Musi sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $14.70, for a total value of $29,400.00. Following the sale, the general counsel now directly owns 32,593 shares of the company’s stock, valued at approximately $479,117.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Michael Echenberg sold 6,329 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $14.56, for a total transaction of $92,150.24. Following the completion of the sale, the chief financial officer now directly owns 18,876 shares in the company, valued at $274,834.56. The disclosure for this sale can be found here. Insiders sold a total of 24,673 shares of company stock worth $360,728 over the last three months. Insiders own 24.70% of the company’s stock.
Care.com Company Profile
Care.com, Inc is an online marketplace for finding and managing family care. As of December 31, 2016, the Company had 22.8 million members, including 12.9 million families and 9.9 million caregivers, spanning 19 countries. Its consumer matching solutions allow families to search for, qualify, vet, connect with and select caregivers.
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