Municipal Employees Retirement System of Michigan lessened its holdings in Care.com Inc (NYSE:CRCM) by 82.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,540 shares of the information services provider’s stock after selling 39,050 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in Care.com were worth $128,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in CRCM. Millennium Management LLC boosted its stake in shares of Care.com by 3,299.5% during the 3rd quarter. Millennium Management LLC now owns 1,038,220 shares of the information services provider’s stock worth $10,849,000 after acquiring an additional 1,007,680 shares in the last quarter. Engine Capital Management LP purchased a new stake in shares of Care.com during the 3rd quarter worth approximately $8,311,000. Morgan Stanley boosted its stake in shares of Care.com by 597.6% during the 2nd quarter. Morgan Stanley now owns 233,052 shares of the information services provider’s stock worth $2,559,000 after acquiring an additional 199,645 shares in the last quarter. Tenzing Global Management LLC boosted its stake in shares of Care.com by 4.9% during the 3rd quarter. Tenzing Global Management LLC now owns 2,570,000 shares of the information services provider’s stock worth $26,857,000 after acquiring an additional 120,000 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Care.com during the 4th quarter worth approximately $1,535,000. 74.18% of the stock is currently owned by institutional investors.

Several equities research analysts have recently commented on the company. ValuEngine raised Care.com from a “hold” rating to a “buy” rating in a research note on Saturday, December 21st. Stifel Nicolaus boosted their price target on Care.com from $10.00 to $12.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th. Craig Hallum upped their target price on Care.com from $9.00 to $13.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th. BTIG Research lowered Care.com from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. Finally, Zacks Investment Research raised Care.com from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Thursday, January 9th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $13.00.

Shares of CRCM opened at $15.00 on Friday. The stock has a fifty day moving average of $14.99 and a two-hundred day moving average of $12.04. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.57 and a current ratio of 2.57. The company has a market capitalization of $496.95 million, a PE ratio of -16.30 and a beta of 1.02. Care.com Inc has a fifty-two week low of $7.61 and a fifty-two week high of $25.81.

In other news, insider David Krupinski sold 2,926 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $12.69, for a total transaction of $37,130.94. Following the completion of the sale, the insider now directly owns 159,737 shares in the company, valued at approximately $2,027,062.53. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Sheila Lirio Marcelo sold 9,396 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $12.69, for a total value of $119,235.24. Following the sale, the chief executive officer now owns 1,254,178 shares of the company’s stock, valued at $15,915,518.82. The disclosure for this sale can be found here. Insiders sold a total of 14,522 shares of company stock valued at $184,284 over the last quarter. 28.10% of the stock is currently owned by insiders.

Care.com Profile

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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Institutional Ownership by Quarter for Care.com (NYSE:CRCM)

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