Morgan Stanley Maintains Inc to Equal-weight with Price Target $9.50

Brokerage firm Morgan Stanley Maintains its rating on Inc(NYSE:CRCM). In a research note issued to the investors, the brokerage major Raises the price-target to $9.50 per share. The shares have been rated Equal-weight. The rating by Morgan Stanley was issued on Jul 28, 2016. Inc (CRCM) shares turned negative on Thursdays trading session with the shares closing down -0.03 points or -0.27% at a volume of 69,274. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $11.05. The peak price level was also seen at $11.05 while the days lowest was $10.8. Finally the shares closed at $10.88. The 52-week high of the shares is $12 while the 52-week low is $4.89. According to the latest information available, the market cap of the company is $311 M. Inc(CRCM) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $38.18M. Analysts had an estimated revenue of $38.00M. Earnings per share were $-0.03. Analysts had estimated an EPS of $-0.02.

Several Insider Transactions has been reported to the SEC. On Jun 14, 2016, Sheila Lirio Marcelo (President and CEO) sold 10,440 shares at $8.64 per share price.Also, 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked * Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.