Roth Capital Reaffirms Their Hold Rating on Carecom

By Jason Carr

In a report released today, Darren Aftahi from Roth Capital reiterated a Hold rating on Carecom (NYSE: CRCM), with a price target of $14. The company’s shares opened today at $14.93, close to its 52-week high of $16.07.

Aftahi noted:

“We believe this will be the biggest growth driver, albeit lumpy, in FY17 as we await the rollout of Care 3.0 with the potential to aid topline growth.”

According to TipRanks.com, Aftahi is a 1-star analyst with an average return of -1.2% and a 46.9% success rate. Aftahi covers the Technology sector, focusing on stocks such as The Meet Group Inc, Mitek Systems Inc, and Angie’s List Inc.

Carecom has an analyst consensus of Hold, with a price target consensus of $13.

Based on Carecom’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $43.37 million and quarterly net profit of $824K. In comparison, last year the company earned revenue of $39.27 million and had a net profit of $6.76 million.

Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CRCM in relation to earlier this year. Most recently, in March 2017, Sheila Lirio Marcelo, the President & CEO of CRCM sold 17,593 shares for a total of $186,838.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Care.com, Inc. engages in the provision of an online marketplace, which enables customers to find and manage family care through connecting families to caregivers and care giving services. It offers child care, adult and senior care, pet care, and home care. The company was founded by Sheila Lirio Marcelo, Dave Krupinski, Donna Levin and Zenobia Moochhala on October 27, 2006 and is headquartered in Waltham, MA.