Panagora Asset Management Inc. lessened its stake in Care.com Inc (NYSE:CRCM) by 87.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,828 shares of the information services provider’s stock after selling 212,636 shares during the quarter. Panagora Asset Management Inc. owned about 0.09% of Care.com worth $338,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Aperio Group LLC acquired a new position in shares of Care.com in the second quarter valued at about $37,000. BNP Paribas Arbitrage SA increased its holdings in Care.com by 82,800.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,145 shares of the information services provider’s stock worth $82,000 after acquiring an additional 4,140 shares during the last quarter. Mason Street Advisors LLC purchased a new stake in Care.com in the 1st quarter worth about $165,000. Oregon Public Employees Retirement Fund purchased a new stake in Care.com in the 1st quarter worth about $201,000. Finally, Menta Capital LLC purchased a new stake in Care.com in the 2nd quarter worth about $118,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

A number of analysts recently weighed in on CRCM shares. ValuEngine upgraded Care.com from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Craig Hallum reissued a “hold” rating and issued a $9.00 target price (down previously from $15.00) on shares of Care.com in a report on Wednesday, August 7th. BTIG Research raised Care.com from a “neutral” rating to a “buy” rating and set a $13.00 target price on the stock in a report on Wednesday, August 14th. Zacks Investment Research downgraded Care.com from a “buy” rating to a “hold” rating in a report on Monday, August 12th. Finally, Roth Capital reissued a “neutral” rating and issued a $10.00 target price (down previously from $17.00) on shares of Care.com in a report on Tuesday, August 6th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Care.com currently has an average rating of “Hold” and an average price target of $12.20.

In related news, insider David Krupinski sold 3,120 shares of the company’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $9.82, for a total value of $30,638.40. Following the completion of the transaction, the insider now owns 154,635 shares of the company’s stock, valued at approximately $1,518,515.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director George Bell purchased 27,500 shares of Care.com stock in a transaction that occurred on Friday, August 9th. The stock was acquired at an average cost of $9.00 per share, with a total value of $247,500.00. Following the acquisition, the director now directly owns 47,190 shares in the company, valued at approximately $424,710. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 21,488 shares of company stock valued at $211,012. 28.10% of the stock is currently owned by corporate insiders.

Shares of NYSE CRCM traded down $0.07 during trading on Friday, hitting $10.26. The company had a trading volume of 6,846 shares, compared to its average volume of 586,725. The stock has a 50 day simple moving average of $10.00 and a 200 day simple moving average of $14.56. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.85 and a current ratio of 2.85. Care.com Inc has a 12 month low of $7.61 and a 12 month high of $25.81. The firm has a market capitalization of $328.30 million, a P/E ratio of 28.44, a price-to-earnings-growth ratio of 133.60 and a beta of 0.98.

Care.com (NYSE:CRCM) last posted its quarterly earnings data on Tuesday, August 6th. The information services provider reported $0.09 EPS for the quarter, topping the consensus estimate of $0.08 by $0.01. Care.com had a positive return on equity of 7.81% and a negative net margin of 7.61%. The firm had revenue of $51.00 million for the quarter, compared to the consensus estimate of $52.20 million. During the same quarter last year, the company earned $0.14 earnings per share. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year.

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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Institutional Ownership by Quarter for Care.com (NYSE:CRCM)

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