Concourse Capital Management Exits Position in Care.com Inc (CRCM)

Care.com Inc (CRCM) : Concourse Capital Management has sold out all of its stake in Care.com Inc during the most recent quarter, according to the disclosure filed by the company on Aug 2, 2016 with the SEC. The investment management company has sold out 74,594 shares of Care.com Inc which is valued at $813,821.

Other Hedge Funds, Including , California State Teachers Retirement System reduced its stake in CRCM by selling 7,047 shares or 17.36% in the most recent quarter. The Hedge Fund company now holds 33,547 shares of CRCM which is valued at $365,998. Chicago Equity Partners added CRCM to its portfolio by purchasing 79,015 company shares during the most recent quarter which is valued at $868,375. Care.com Inc makes up approx 0.02% of Chicago Equity Partners’s portfolio. Sanders Morris Harris sold out all of its stake in CRCM during the most recent quarter. The investment firm sold 156,744 shares of CRCM which is valued $1,721,049. Kanaly Trust Co sold out all of its stake in CRCM during the most recent quarter. The investment firm sold 2,150 shares of CRCM which is valued $24,639.Howland Capital Management reduced its stake in CRCM by selling 65,000 shares or 68.42% in the most recent quarter. The Hedge Fund company now holds 30,000 shares of CRCM which is valued at $342,300. Care.com Inc makes up approx 0.03% of Howland Capital Management’s portfolio.

Care.com Inc opened for trading at $10.93 and hit $11.01 on the upside on Monday, eventually ending the session at $11.01, with a gain of 0.36% or 0.04 points. The heightened volatility saw the trading volume jump to 1,36,957 shares. Company has a market cap of $315 M.

On the company’s financial health, Care.com Inc reported $-0.03 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $-0.02. The company had revenue of $38.18 million for the quarter, 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. 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.

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