Care.com Inc (CRCM) reported quarterly earnings results on Wednesday, Jul-27-2016. The company reported $-0.03 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $-0.02. The company posted revenue of $38.18 million in the period, compared to analysts expectations of $37.97 million. The company’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.12 EPS.
Many Wall Street Analysts have commented on Care.com Inc. Company shares were Reiterated by Needham on Jun 30, 2016 to “Buy”, Firm has raised the Price Target to $ 12 from a previous price target of $9 .
Care.com Inc opened for trading at $11.04 and hit $11.25 on the upside on Thursday, eventually ending the session at $11.07, with a gain of 0.82% or 0.09 points. The heightened volatility saw the trading volume jump to 1,13,343 shares. Company has a market cap of $361 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.
Care.com 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 Care.com 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.