Carecom (CRCM) Receives a Rating Update from a Top Analyst


Stifel Nicolaus analyst Scott Devitt maintained a Hold rating on Carecom (CRCM) today and set a price target of $17. The company’s shares opened today at $16.24, close to its 52-week low of $14.79.

Devitt wrote:

“We continue to expect a topline reacceleration in 2019 driven by increased marketing investments and ongoing product enhancements as the unfavorable WSJ report doesn’t appear to be materially impacting user trends. After reducing our adj. EBITDA forecasts, our price target falls to $17, or 16.0x EV / ‘20E adj. EBITDA.”

According to TipRanks.com, Devitt is a top 100 analyst with an average return of 21.7% and a 70.7% success rate. Devitt covers the Technology sector, focusing on stocks such as Jumia Technologies AG, Lyft Inc Class A, and Eventbrite Inc.

Carecom has an analyst consensus of Moderate Buy, with a price target consensus of $25.50.

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Carecom’s market cap is currently $523.2M and has a P/E ratio of 12.82. The company has a Price to Book ratio of 3.23.

Based on the recent corporate insider activity of 85 insiders, corporate insider sentiment is negative on the stock.

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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.

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