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

Stifel Nicolaus analyst Scott Devitt maintained a Hold rating on Carecom (CRCMResearch Report) today and set a price target of $10. The company’s shares opened today at $9.36, close to its 52-week low of $7.61.

Devitt said:

“We are lowering our intermediate to long-term revenue / adj. EBITDA forecasts, and remain Hold-rated with $10 PT.”

According to TipRanks.com, Devitt is a top 100 analyst with an average return of 20.7% and a 66.5% success rate. Devitt covers the Technology sector, focusing on stocks such as Jumia Technologies AG, Uber Technologies Inc, and Alphabet Inc.

The word on The Street in general, suggests a Hold analyst consensus rating for Carecom with a $11.67 average price target, which is a 24.7% upside from current levels. In a report released today, Roth Capital also downgraded the stock to Hold with a $10 price target.

See today’s analyst top recommended stocks >>

Carecom’s market cap is currently $331.9M and has a P/E ratio of 8.74. The company has a Price to Book ratio of 1.98.

Based on the recent corporate insider activity of 68 insiders, corporate insider sentiment is negative on the stock.

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.