Care.com (NYSE:CRCM) Given New $13.00 Price Target at Craig Hallum

Care.com (NYSE:CRCM) had its price target hoisted by Craig Hallum from $9.00 to $13.00 in a research report released on Thursday, The Fly reports. Craig Hallum currently has an in-line rating on the information services provider’s stock.

Several other equities analysts also recently issued reports on the stock. Roth Capital reissued a neutral rating and set a $10.00 price target (down from $17.00) on shares of Care.com in a report on Tuesday, August 6th. BTIG Research raised shares of Care.com from a neutral rating to a buy rating and set a $13.00 price target for the company in a report on Wednesday, August 14th. ValuEngine raised shares of Care.com from a sell rating to a hold rating in a report on Thursday, August 1st. TheStreet downgraded shares of Care.com from a c rating to a d+ rating in a report on Wednesday, August 7th. Finally, Stifel Nicolaus lifted their price target on shares of Care.com from $10.00 to $12.00 and gave the company a hold rating in a report on Wednesday. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $11.80.

Shares of NYSE:CRCM traded up $0.07 during midday trading on Thursday, reaching $11.96. 290,774 shares of the company’s stock were exchanged, compared to its average volume of 553,129. The company’s 50 day simple moving average is $10.74 and its two-hundred day simple moving average is $11.95. The firm has a market capitalization of $391.87 million, a PE ratio of 33.22, a price-to-earnings-growth ratio of 159.47 and a beta of 0.97. Care.com has a 12 month low of $7.61 and a 12 month high of $25.81. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.85 and a current ratio of 2.85.

Care.com (NYSE:CRCM) last released its quarterly earnings data on Wednesday, November 6th. The information services provider reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.15. Care.com had a negative net margin of 7.61% and a positive return on equity of 7.81%. The company had revenue of $53.29 million during the quarter, compared to the consensus estimate of $52.23 million. During the same period last year, the firm earned $0.18 EPS. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year.

In other news, insider David Krupinski sold 3,120 shares of the business’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 of the company’s stock, valued at $1,518,515.70. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Sheila Lirio Marcelo sold 17,090 shares of the business’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $9.82, for a total transaction of $167,823.80. Following the completion of the sale, the chief executive officer now directly owns 1,228,970 shares in the company, valued at approximately $12,068,485.40. The disclosure for this sale can be found here. Insiders sold 21,488 shares of company stock valued at $211,012 in the last quarter. Corporate insiders own 28.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Arizona State Retirement System raised its position in Care.com by 2.7% during the second quarter. Arizona State Retirement System now owns 41,311 shares of the information services provider’s stock worth $454,000 after acquiring an additional 1,089 shares in the last quarter. Texas Permanent School Fund raised its position in Care.com by 6.1% during the third quarter. Texas Permanent School Fund now owns 19,179 shares of the information services provider’s stock worth $200,000 after acquiring an additional 1,105 shares in the last quarter. State of Tennessee Treasury Department raised its position in Care.com by 4.4% during the third quarter. State of Tennessee Treasury Department now owns 28,654 shares of the information services provider’s stock worth $300,000 after acquiring an additional 1,200 shares in the last quarter. Comerica Bank raised its position in Care.com by 8.0% during the third quarter. Comerica Bank now owns 25,825 shares of the information services provider’s stock worth $288,000 after acquiring an additional 1,913 shares in the last quarter. Finally, Bank of America Corp DE raised its position in Care.com by 4.8% during the second quarter. Bank of America Corp DE now owns 52,715 shares of the information services provider’s stock worth $578,000 after acquiring an additional 2,411 shares in the last quarter. 83.96% of the stock is currently owned by hedge funds and other institutional investors.

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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