New York State Common Retirement Fund grew its stake in shares of Care.com Inc (NYSE:CRCM) by 205.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 35,184 shares of the information services provider’s stock after buying an additional 23,684 shares during the period. New York State Common Retirement Fund’s holdings in Care.com were worth $559,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Thompson Davis & CO. Inc. purchased a new position in Care.com during the second quarter worth $102,000. D.A. Davidson & CO. purchased a new stake in shares of Care.com in the second quarter valued at $139,000. Zacks Investment Management purchased a new stake in shares of Care.com in the second quarter valued at $174,000. Wells Fargo & Company MN grew its position in shares of Care.com by 13.8% in the second quarter. Wells Fargo & Company MN now owns 11,711 shares of the information services provider’s stock valued at $176,000 after purchasing an additional 1,420 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in shares of Care.com by 47.6% in the second quarter. The Manufacturers Life Insurance Company now owns 11,801 shares of the information services provider’s stock valued at $179,000 after purchasing an additional 3,805 shares during the period. 74.29% of the stock is owned by institutional investors.
In other Care.com news, General Counsel Diane Musi sold 15,000 shares of the business’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $18.86, for a total transaction of $282,900.00. Following the completion of the sale, the general counsel now owns 51,888 shares of the company’s stock, valued at $978,607.68. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider David Krupinski sold 1,806 shares of the business’s stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $19.12, for a total value of $34,530.72. Following the sale, the insider now directly owns 181,108 shares of the company’s stock, valued at approximately $3,462,784.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 273,054 shares of company stock valued at $4,812,789. Company insiders own 24.70% of the company’s stock.
Shares of Care.com Inc (NYSE:CRCM) opened at $19.49 on Friday. The company has a market capitalization of $586.33, a price-to-earnings ratio of 243.63, a PEG ratio of 2.85 and a beta of 1.05. Care.com Inc has a 1 year low of $8.05 and a 1 year high of $20.88.
Care.com (NYSE:CRCM) last announced its quarterly earnings data on Thursday, November 2nd. The information services provider reported $0.18 EPS for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.10. The business had revenue of $44.50 million during the quarter, compared to the consensus estimate of $44.22 million. Care.com had a return on equity of 17.27% and a net margin of 4.46%. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.02 earnings per share. analysts predict that Care.com Inc will post 0.31 earnings per share for the current fiscal year.
A number of equities research analysts have recently commented on the company. Zacks Investment Research downgraded Care.com from a “buy” rating to a “hold” rating in a research report on Thursday, October 19th. TheStreet raised Care.com from a “c” rating to a “b-” rating in a research report on Friday, November 17th. Finally, BidaskClub raised Care.com from a “sell” rating to a “hold” rating in a research report on Thursday, October 5th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Care.com currently has a consensus rating of “Buy” and an average price target of $17.67.
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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.
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