Roth Capital analyst Darren Aftahi maintained a Buy rating on Carecom (NYSE: CRCM) today and set a price target of $24. The company’s shares opened today at $17.70.
Aftahi observed:
“We expect 3Q results to be mostly in-line when CRCM reports BMO on 11/8. We anticipate moderate revenue acceleration across all segments, although other revenue begins to face tougher comps, while remaining the fastest grower. While family growth is moderated, we expect a slight y/y uptick in ARPUs, while recent acquihires should be a tailwind for ARPU growth and help drive incremental value to families longer term. With the recent pullback, valuation is reasonable relative to projected CF growth. 3Q expectations. We look for 3Q18 sales/adj. EBITDA/Non-GAAP EPS for CRCM of ~$49.2M/$5.5M/$0.12, relatively in-line with consensus estimates of ~$49.2M/$5.8M/0.12, respectively, and at the midpoint of management’s revenue and adj. EBITDA guidance ranges (of ~$49M-$49.3M and ~$5.25M- $5.75M).”
According to TipRanks.com, Aftahi is a 5-star analyst with an average return of 9.1% and a 50.5% success rate. Aftahi covers the Technology sector, focusing on stocks such as Digital Turbine Inc, The Meet Group Inc, and Mitek Systems Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Carecom with a $24 average price target.
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Carecom’s market cap is currently $549.8M and has a P/E ratio of 88. The company has a Price to Book ratio of 5.37.
Based on the recent corporate insider activity of 127 insiders, corporate insider sentiment is neutral 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.
