Breaking Short Interest: What’s Propelling Carecom Incorporated (NYSE:CRCM) After Higher Shorts Reported?

November 30, 2016 - By Darrin Black   ·   0 Comments

Breaking Short Interest: What’s Propelling Carecom Incorporated (NYSE:CRCM) After Higher Shorts Reported?

The stock of Carecom Incorporated (NYSE:CRCM) registered an increase of 0.67% in short interest. CRCM’s total short interest was 708,000 shares in November as published by FINRA. Its up 0.67% from 703,300 shares, reported previously. With 78,100 shares average volume, it will take short sellers 9 days to cover their CRCM’s short positions. The short interest to Carecom Incorporated’s float is 4.21%. About 961 shares traded hands. Care.com Inc (NYSE:CRCM) has risen 41.79% since April 27, 2016 and is uptrending. It has outperformed by 36.56% the S&P500.

Care.com, Inc. is an online marketplace for finding and managing family care. The company has a market cap of $243.96 million. The Firm has approximately 18.4 million members, including over 10.3 million families and approximately 8.1 million caregivers, spanning over 20 countries. It currently has negative earnings. The Company’s consumer matching solutions allow families to search for, qualify, vet, connect with and select caregivers.

Insitutional Activity: The institutional sentiment increased to 1.78 in 2016 Q2. Its up 0.20, from 1.58 in 2016Q1. The ratio increased, as 4 funds sold all Care.com Inc shares owned while 20 reduced positions. 17 funds bought stakes while 21 increased positions. They now own 16.03 million shares or 9.14% less from 17.64 million shares in 2016Q1.
Jacobs Levy Equity Inc last reported 0.01% of its portfolio in the stock. Granite Inv Limited Company has 162,915 shares for 0.15% of their US portfolio. Granahan Invest Mgmt Ma last reported 642,095 shares in the company. Schwab Charles Inv Mngmt reported 23,800 shares or 0% of all its holdings. Moreover, Driehaus Cap Management Ltd Liability Corporation has 0.06% invested in Care.com Inc (NYSE:CRCM) for 150,000 shares. Tiaa Cref Invest Ltd Liability accumulated 0% or 60,723 shares. Millennium Management Ltd reported 100,863 shares or 0% of all its holdings. State Street Corp has 228,551 shares for 0% of their US portfolio. Chicago Equity Limited Liability Company last reported 79,015 shares in the company. Royal Natl Bank Of Canada has 0% invested in the company for 297 shares. Rhumbline Advisers reported 15,788 shares or 0% of all its holdings. Lafitte Cap Mngmt Ltd Partnership last reported 4.23% of its portfolio in the stock. The New York-based Penbrook Mngmt Limited Com has invested 1.44% in Care.com Inc (NYSE:CRCM). Wells Fargo & Company Mn, a California-based fund reported 6,749 shares. Institutional Venture Mgmt Xiii Limited accumulated 21.95% or 2.49M shares.

Insider Transactions: Since June 9, 2016, the stock had 0 buys, and 15 sales for $31.17 million net activity. On Thursday, June 9 Musi Diane sold $15,665 worth of the stock or 1,824 shares. Krupinski David sold $19,069 worth of Care.com Inc (NYSE:CRCM) on Thursday, June 9. The insider Echenberg Michael sold $38,066. MATRIX PARTNERS VII LP ET AL sold $30.40 million worth of Care.com Inc (NYSE:CRCM) on Wednesday, June 29. $90,869 worth of Care.com Inc (NYSE:CRCM) was sold by Marcelo Sheila Lirio.

Care.com Inc (NYSE:CRCM) Ratings Coverage

Out of 6 analysts covering Care.com (NYSE:CRCM), 2 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 33% are positive. Care.com has been the topic of 6 analyst reports since November 18, 2015 according to StockzIntelligence Inc. The rating was initiated by Loop Capital with “Buy” on Friday, August 5. The rating was initiated by Roth Capital on Friday, September 9 with “Neutral”. The stock of Care.com Inc (NYSE:CRCM) has “Neutral” rating given on Wednesday, February 24 by JP Morgan. The stock of Care.com Inc (NYSE:CRCM) earned “Hold” rating by Topeka Capital Markets on Wednesday, November 18. Needham maintained Care.com Inc (NYSE:CRCM) on Thursday, June 30 with “Buy” rating. Morgan Stanley initiated Care.com Inc (NYSE:CRCM) rating on Thursday, February 4. Morgan Stanley has “Equal-Weight” rating and $5.50 price target.

CRCM Company Profile

Care.com, Inc., incorporated on October 27, 2006, is an online marketplace for finding and managing family care. The Firm has approximately 18.4 million members, including over 10.3 million families and approximately 8.1 million caregivers, spanning over 20 countries. The Company’s consumer matching solutions allow families to search for, qualify, vet, connect with and select caregivers. It also provides caregivers with solutions to create personal profiles, describe their skills and experience, and otherwise differentiate and market themselves in a fragmented marketplace. In addition to consumer matching solutions, the Company offers its members services and products to facilitate their interaction with caregivers. The Firm serves employers by providing access to certain of its services and products to employer-sponsored families. In addition, the Company serves care-related businesses, such as day care centers, nanny agencies and home care agencies, willing to market their services to the Company’s care-seeking families and recruit its caregiver members. The Company’s platform also enables caregivers to find jobs and manage their careers, businesses to recruit employees and advertise their business profiles, and employers to offer their employees family care-related benefits. The Firm helps families address their particular lifecycle of care needs, which includes child care, senior care, special needs care and other non-medical family care needs, such as pet care, tutoring and housekeeping. In the process, it also helps caregivers find full-time and part-time employment opportunities.

More recent Care.com Inc (NYSE:CRCM) news were published by: Bloomberg.com which released: “Google Capital Makes First Public Company Investment in Care.com” on June 29, 2016. Also Marketwatch.com published the news titled: “Care.com shares soar as Google Capital takes major stake” on June 29, 2016. Investorplace.com‘s news article titled: “Alphabet Inc: Google Capital Owns a Piece of Care.com Inc, What Now? (GOOG, CRCM)” with publication date: July 01, 2016 was also an interesting one.

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By Darrin Black

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