Care.com Inc (NYSE:CRCM) General Counsel Melanie F. Goins Sells 795 Shares

Care.com Inc (NYSE:CRCM) General Counsel Melanie F. Goins sold 795 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $14.37, for a total value of $11,424.15. Following the sale, the general counsel now owns 15,520 shares of the company’s stock, valued at $223,022.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of CRCM stock traded down $0.51 during trading on Friday, reaching $13.99. The company had a trading volume of 195,732 shares, compared to its average volume of 478,606. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.75 and a current ratio of 2.75. Care.com Inc has a one year low of $13.71 and a one year high of $25.81. The company has a market capitalization of $465.39 million, a price-to-earnings ratio of 38.86 and a beta of 1.30.

Care.com (NYSE:CRCM) last issued its quarterly earnings data on Thursday, May 9th. The information services provider reported $0.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.17. Care.com had a return on equity of 7.81% and a net margin of 24.80%. The business had revenue of $53.30 million for the quarter, compared to the consensus estimate of $52.75 million. During the same period last year, the business earned $0.19 EPS. The firm’s revenue was up 12.7% compared to the same quarter last year.

CRCM has been the subject of a number of recent research reports. Roth Capital raised their price target on Care.com from $24.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, February 14th. Zacks Investment Research downgraded Care.com from a “buy” rating to a “hold” rating in a research note on Friday, March 8th. ValuEngine downgraded Care.com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 12th. BTIG Research downgraded Care.com from a “buy” rating to a “neutral” rating and set a $17.83 price target for the company. in a research note on Monday, April 1st. 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. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $19.37.

Several hedge funds have recently modified their holdings of CRCM. Oppenheimer Asset Management Inc. bought a new position in shares of Care.com in the 4th quarter valued at approximately $31,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Care.com in the 4th quarter valued at approximately $43,000. BNP Paribas Arbitrage SA raised its stake in shares of Care.com by 82,800.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,145 shares of the information services provider’s stock valued at $82,000 after acquiring an additional 4,140 shares in the last quarter. Great West Life Assurance Co. Can bought a new position in shares of Care.com in the 4th quarter valued at approximately $96,000. Finally, Metropolitan Life Insurance Co. NY raised its stake in shares of Care.com by 263.6% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 5,337 shares of the information services provider’s stock valued at $103,000 after acquiring an additional 3,869 shares in the last quarter. 86.59% of the stock is currently owned by institutional investors and hedge funds.

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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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