Stock Traders Buy Large Volume of Call Options on Care.com (CRCM)

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Care.com Inc (NYSE:CRCM) was the target of some unusual options trading on Tuesday. Traders acquired 974 call options on the company. This represents an increase of 1,704% compared to the typical volume of 54 call options.

In related news, General Counsel Diane Musi sold 5,055 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $19.95, for a total value of $100,847.25. Following the completion of the sale, the general counsel now directly owns 35,603 shares in the company, valued at $710,279.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Sheila Lirio Marcelo sold 55,046 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $19.92, for a total transaction of $1,096,516.32. Following the sale, the insider now directly owns 1,159,486 shares in the company, valued at approximately $23,096,961.12. The disclosure for this sale can be found here. Insiders sold 120,234 shares of company stock valued at $2,469,420 over the last 90 days. 30.90% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Oppenheimer Asset Management Inc. bought a new position in shares of Care.com during the 4th quarter worth about $31,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Care.com during the 4th quarter worth about $43,000. BNP Paribas Arbitrage SA boosted its position in shares of Care.com by 82,800.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,145 shares of the information services provider’s stock worth $82,000 after purchasing an additional 4,140 shares in the last quarter. Great West Life Assurance Co. Can bought a new position in shares of Care.com during the 4th quarter worth about $96,000. Finally, Metropolitan Life Insurance Co. NY boosted its position in shares of Care.com by 263.6% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 5,337 shares of the information services provider’s stock worth $103,000 after purchasing an additional 3,869 shares in the last quarter. 70.53% of the stock is currently owned by institutional investors and hedge funds.

Shares of CRCM opened at $16.32 on Thursday. The firm has a market cap of $615.45 million, a price-to-earnings ratio of 45.33, a PEG ratio of 5.33 and a beta of 1.19. Care.com has a 12 month low of $15.37 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 Zacks’ consensus estimate of $0.10 by $0.16. The business had revenue of $49.80 million for the quarter, compared to analysts’ expectations of $49.95 million. Care.com had a net margin of 27.51% and a return on equity of 11.86%. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.32 earnings per share. On average, equities research analysts expect that Care.com will post 0.2 EPS for the current fiscal year.

A number of brokerages have commented on CRCM. ValuEngine cut shares of Care.com from a “buy” rating to a “hold” rating in a research report on Wednesday. BTIG Research cut shares of Care.com from a “buy” rating to a “neutral” rating and set a $17.83 price target on the stock. in a research report on Monday, April 1st. Zacks Investment Research cut shares of Care.com from a “buy” rating to a “hold” rating in a research report on Friday, March 8th. Finally, 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 research report on Thursday, February 14th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $22.97.

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Care.com Company 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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