ValuEngine downgraded shares of Care.com (NYSE:CRCM) from a strong-buy rating to a buy rating in a report issued on Tuesday.

Other equities analysts also recently issued reports about the stock. Roth Capital upped their price target on shares of Care.com from $24.00 to $30.00 and gave the company a buy rating in a report on Thursday, February 14th. BTIG Research upped their price target on shares of Care.com to $26.00 and gave the company a buy rating in a report on Friday, January 18th. Finally, Zacks Investment Research raised shares of Care.com from a hold rating to a buy rating and set a $23.00 price objective for the company in a research report on Monday, January 7th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $24.60.

Shares of NYSE:CRCM opened at $19.39 on Tuesday. The stock has a market cap of $633.50 million, a P/E ratio of 53.86, a PEG ratio of 6.32 and a beta of 1.34. Care.com has a 12 month low of $15.14 and a 12 month high of $25.81.

Care.com (NYSE:CRCM) last issued its quarterly earnings results on Thursday, March 7th. The information services provider reported $0.26 EPS for the quarter, beating the consensus estimate of $0.10 by $0.16. The company had revenue of $49.80 million for the quarter, compared to the consensus estimate of $49.95 million. Care.com had a net margin of 27.51% and a return on equity of 11.86%. The firm’s revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.32 EPS. On average, equities analysts predict that Care.com will post 0.2 earnings per share for the current fiscal year.

In other Care.com news, insider Sheila Lirio Marcelo sold 55,046 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $19.92, for a total value of $1,096,516.32. Following the completion of the sale, the insider now directly owns 1,159,486 shares of the company’s stock, valued at approximately $23,096,961.12. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Diane Musi sold 29,800 shares of the business’s stock in a transaction dated Wednesday, December 26th. The shares were sold at an average price of $18.40, for a total transaction of $548,320.00. Following the completion of the sale, the general counsel now directly owns 26,925 shares of the company’s stock, valued at $495,420. The disclosure for this sale can be found here. Over the last three months, insiders sold 212,531 shares of company stock valued at $4,300,223. 30.90% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in CRCM. Northern Trust Corp lifted its stake in Care.com by 34.1% in the second quarter. Northern Trust Corp now owns 228,182 shares of the information services provider’s stock valued at $4,764,000 after purchasing an additional 58,080 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Care.com by 6.7% during the third quarter. JPMorgan Chase & Co. now owns 121,584 shares of the information services provider’s stock worth $2,688,000 after acquiring an additional 7,627 shares in the last quarter. Eagle Asset Management Inc. lifted its position in shares of Care.com by 1.0% during the third quarter. Eagle Asset Management Inc. now owns 322,536 shares of the information services provider’s stock worth $7,131,000 after acquiring an additional 3,261 shares in the last quarter. Group One Trading L.P. lifted its position in shares of Care.com by 224.7% during the third quarter. Group One Trading L.P. now owns 12,845 shares of the information services provider’s stock worth $284,000 after acquiring an additional 23,145 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Care.com by 6.2% during the third quarter. Bank of New York Mellon Corp now owns 90,811 shares of the information services provider’s stock worth $2,007,000 after acquiring an additional 5,299 shares in the last quarter. 83.73% of the stock is 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.

Further Reading: Ex-Dividend

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