In a report released today, Darren Aftahi from Roth Capital maintained a Buy rating on Carecom (CRCM), with a price target of $21. The company’s shares opened today at $14.19, close to its 52-week low of $13.71.
Aftahi observed:
“We recently hosted CRCM’s CFO Michael Echenberg for investor meetings. Retention levels on its Care@Work business remain high, which is encouraging post recent events. While investment for improved safety and background checks will weigh on profitability near-term, we see a path to offset (either partially or fully) in 2020 and beyond. We believe most of the bad news is already priced in, and like risk/reward at current levels. Care@Work installed base very much intact, which should yield continued forward growth.”
According to TipRanks.com, Aftahi is a 5-star analyst with an average return of 14.4% and a 50.9% success rate. Aftahi covers the Technology sector, focusing on stocks such as Digital Turbine Inc, The Meet Group Inc, and Mitek Systems Inc.
Carecom has an analyst consensus of Moderate Buy, with a price target consensus of $18.67.
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The company has a one-year high of $25.81 and a one-year low of $13.71. Currently, Carecom has an average volume of 521.4K.
Based on the recent corporate insider activity of 83 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.
