Traders Purchase Large Volume of Care.com Call Options (CRCM)

Care.com Inc (NYSE:CRCM) was the target of unusually large options trading activity on Tuesday. Stock traders bought 974 call options on the company. This is an increase of approximately 1,704% compared to the typical volume of 54 call options.

A number of equities research analysts have issued reports on CRCM shares. BTIG Research lowered shares of Care.com from a “buy” rating to a “neutral” rating and set a $17.83 target price on the stock. in a report on Monday, April 1st. Roth Capital increased their price objective 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. Craig Hallum dropped their price objective on shares of Care.com from $28.00 to $18.00 and set a “buy” rating on the stock in a research report on Friday, May 10th. ValuEngine downgraded shares of Care.com from a “buy” rating to a “hold” rating in a research report on Monday, April 15th. Finally, Zacks Investment Research downgraded shares of Care.com from a “buy” rating to a “hold” rating in a research report on Friday, March 8th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $19.37.

In other news, General Counsel Diane Musi sold 1,738 shares of the company’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 transaction, the general counsel now directly owns 33,865 shares in the company, valued at approximately $553,692.75. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Michael Echenberg sold 2,610 shares of the company’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $16.35, for a total transaction of $42,673.50. Following the completion of the transaction, the chief financial officer now owns 42,178 shares in the company, valued at $689,610.30. The disclosure for this sale can be found here. Insiders have sold 90,234 shares of company stock valued at $1,758,120 in the last three months. Corporate insiders own 28.10% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. grew its position in Care.com by 98.4% during the 1st quarter. BlackRock Inc. now owns 4,065,302 shares of the information services provider’s stock worth $80,329,000 after purchasing an additional 2,016,294 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Care.com by 24.0% in the 1st quarter. Renaissance Technologies LLC now owns 2,028,700 shares of the information services provider’s stock worth $40,087,000 after acquiring an additional 393,000 shares during the period. Portolan Capital Management LLC lifted its stake in shares of Care.com by 5.5% in the 4th quarter. Portolan Capital Management LLC now owns 1,903,264 shares of the information services provider’s stock worth $36,752,000 after acquiring an additional 99,331 shares during the period. Vanguard Group Inc lifted its stake in shares of Care.com by 10.0% in the 3rd quarter. Vanguard Group Inc now owns 1,485,984 shares of the information services provider’s stock worth $32,855,000 after acquiring an additional 135,103 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of Care.com by 10.0% in the 3rd quarter. Vanguard Group Inc. now owns 1,485,984 shares of the information services provider’s stock worth $32,855,000 after acquiring an additional 135,103 shares during the period. 86.59% of the stock is currently owned by institutional investors.

Shares of NYSE CRCM traded up $0.22 during mid-day trading on Thursday, reaching $14.51. The company had a trading volume of 431,216 shares, compared to its average volume of 493,488. Care.com has a 52-week low of $13.71 and a 52-week high of $25.81. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.75 and a quick ratio of 2.75. The company has a market capitalization of $472.58 million, a price-to-earnings ratio of 40.31 and a beta of 1.19.

Care.com (NYSE:CRCM) last issued its quarterly earnings data on Thursday, May 9th. The information services provider reported $0.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.17. Care.com had a net margin of 24.80% and a return on equity of 7.81%. The company had revenue of $53.30 million for the quarter, compared to the consensus estimate of $52.75 million. During the same period last year, the firm posted $0.19 EPS. Care.com’s revenue for the quarter was up 12.7% on a year-over-year basis.

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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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