Care.com (NYSE:CRCM) Upgraded at Zacks Investment Research

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Zacks Investment Research upgraded shares of Care.com (NYSE:CRCM) from a hold rating to a buy rating in a research report released on Tuesday morning, Zacks.com reports. The brokerage currently has $12.00 price objective on the information services provider’s stock.

According to Zacks, “Care.com, Inc. provides online marketplace for finding and managing family care primarily in the United States and internationally. Its platform provides care needs which consists of 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 helps caregivers find employment opportunities. Care.com, Inc. is based in Waltham, Massachusetts. “

CRCM has been the topic of a number of other research reports. Craig Hallum upgraded Western Digital from a hold rating to a buy rating and upped their target price for the stock from $49.00 to $54.00 in a research note on Wednesday, June 26th. Roth Capital set a $33.00 target price on Stemline Therapeutics and gave the stock a buy rating in a research note on Friday, May 10th. Stifel Nicolaus upgraded Kimbell Royalty Partners from a hold rating to a buy rating and set a $19.00 target price on the stock in a research note on Thursday, May 9th. BTIG Research set a $65.00 target price on Lennar and gave the stock a buy rating in a research note on Wednesday, June 26th. Finally, ValuEngine upgraded Zogenix from a buy rating to a strong-buy rating in a research note on Thursday, June 27th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $17.17.

Shares of CRCM stock traded up $0.21 during mid-day trading on Tuesday, reaching $11.39. The stock had a trading volume of 637 shares, compared to its average volume of 625,238. The business has a fifty day moving average of $13.27. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.14. The company has a market cap of $360.82 million, a price-to-earnings ratio of 31.41 and a beta of 1.00. Care.com has a 1-year low of $10.67 and a 1-year high of $25.81.

Care.com (NYSE:CRCM) last announced its quarterly earnings data on Thursday, May 9th. The information services provider reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.17. The business had revenue of $53.30 million for the quarter, compared to analyst estimates of $52.75 million. Care.com had a return on equity of 7.81% and a net margin of 24.80%. The company’s revenue was up 12.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.19 earnings per share.

In other news, insider Sheila Lirio Marcelo sold 6,888 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $16.43, for a total value of $113,169.84. Following the transaction, the insider now owns 1,098,181 shares in the company, valued at $18,043,113.83. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Diane Musi sold 1,738 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $16.35, for a total value of $28,416.30. Following the completion of the transaction, the general counsel now owns 33,865 shares in the company, valued at approximately $553,692.75. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,509 shares of company stock worth $489,953. Company insiders own 28.10% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA increased its holdings in shares of Care.com by 82,800.0% in the first quarter. BNP Paribas Arbitrage SA now owns 4,145 shares of the information services provider’s stock valued at $82,000 after purchasing an additional 4,140 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of Care.com by 192.8% in the first quarter. Oppenheimer Asset Management Inc. now owns 4,732 shares of the information services provider’s stock valued at $94,000 after purchasing an additional 3,116 shares during the last quarter. Great West Life Assurance Co. Can acquired a new stake in shares of Care.com in the fourth quarter valued at approximately $96,000. Metropolitan Life Insurance Co. NY increased its holdings in shares of Care.com by 263.6% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 5,337 shares of the information services provider’s stock valued at $103,000 after purchasing an additional 3,869 shares during the last quarter. Finally, LS Investment Advisors LLC acquired a new stake in shares of Care.com in the first quarter valued at approximately $125,000. Institutional investors and hedge funds own 86.59% of the company’s stock.

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.

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