Inc (CRCM) is Reiterated by Needham to Buy, Raises Price Target to $ 12 Inc (CRCM) was Reiterated by Needham to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 12 from a previous price target of $9 . Needham advised their investors in a research report released on Jun 30, 2016.

On the company’s financial health, Inc reported $-0.01 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $-0.06. The company had revenue of $39.30 million for the quarter, compared to analysts expectations of $38.02 million. The company’s revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.33 EPS. Inc opened for trading at $8.35 and hit $8.51 on the upside on Wednesday, eventually ending the session at $8.47, with a gain of 2.79% or 0.23 points. The heightened volatility saw the trading volume jump to 1,02,063 shares. Company has a market cap of $276 M.

In a different news, on Jun 14, 2016, Sheila Lirio Marcelo (President and CEO) sold 10,440 shares at $8.64 per share price. According to the SEC, on Jun 14, 2016, Michael Echenberg (Chief Financial Officer) sold 13,088 shares at $8.60 per share price. On Jun 14, 2016, David Krupinski (Chief Technology Officer) sold 2,204 shares at $8.60 per share price, according to the Form-4 filing with the securities and exchange commission. Inc. is an online marketplace for finding and managing family care as well as a subscription-based social e-commerce service selling curated products designed for families. The Company’s platform provides families with a range of solutions. Its consumer matching solutions allow families to search for qualify vet connect with and select caregivers. Its platform also provides caregivers with solutions to create personal profiles describe their skills and experience and otherwise differentiate and market themselves. It also offers its members products and services to facilitate their interaction with caregivers. It serves employers by providing access to its platform including online matching backup care services care planning services and HomePay. The Company serves care-related businesses such as day care centers nanny agencies and home care agencies who wish to market their services to its care-seeking families and recruit its caregiver members. Inc

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