Care.com (CRCM) Rating Lowered to C+ at TheStreet
Other research analysts also recently issued reports about the company. Zacks Investment Research downgraded Care.com from a buy rating to a hold rating in a research note on Thursday, October 19th. BidaskClub downgraded Care.com from a buy rating to a hold rating in a research note on Wednesday, October 18th. Finally, Roth Capital upgraded Care.com from a neutral rating to a buy rating and lifted their target price for the stock from $14.00 to $18.00 in a research note on Thursday, November 2nd. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has an average rating of Buy and an average target price of $17.67.
Care.com (NYSE CRCM) opened at $16.94 on Wednesday. Care.com has a one year low of $9.42 and a one year high of $20.88. The company has a market capitalization of $510.82, a P/E ratio of 211.75, a PEG ratio of 2.50 and a beta of 1.01.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC bought a new stake in Care.com in the 2nd quarter valued at $7,371,000. JPMorgan Chase & Co. bought a new stake in shares of Care.com during the 3rd quarter valued at $1,457,000. Foundry Partners LLC bought a new stake in shares of Care.com during the 3rd quarter valued at $2,700,000. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Care.com during the 3rd quarter valued at $530,000. Finally, Hamilton Lane Advisors LLC bought a new stake in shares of Care.com during the 4th quarter valued at $1,217,000. Institutional investors and hedge funds own 75.08% 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.
Receive News & Ratings for Care.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Care.com and related companies with MarketBeat.com's FREE daily email newsletter.