Zacks Investment Research upgraded shares of Control4 (NASDAQ:CTRL) from a hold rating to a buy rating in a research note issued to investors on Tuesday morning, Zacks.com reports. They currently have $27.00 price objective on the electronics maker’s stock.
According to Zacks, “Control4 Corporation is engaged in providing automation and control solutions for the connected home. The Company offers home operating system that interacts with various music, video, lighting, temperature, security, and communications. It also provides 4Sight subscription services, which allow consumers to control and monitor their homes remotely from their smartphone, tablet, or laptop. Control4 Corporation is headquartered in Salt Lake City, Utah. “
A number of other brokerages have also recently commented on CTRL. DA Davidson cut shares of Control4 from a buy rating to a neutral rating and cut their target price for the company from $33.00 to $24.00 in a report on Thursday, May 9th. Roth Capital set a $10.00 target price on shares of Savara and gave the company a hold rating in a report on Tuesday, May 14th. Cowen reaffirmed a hold rating on shares of PDL BioPharma in a report on Thursday, May 9th. Maxim Group cut shares of Control4 from a buy rating to a hold rating in a report on Monday, May 13th. Finally, ValuEngine raised shares of VESTAS WIND SYS/ADR from a hold rating to a buy rating in a report on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $27.57.
Shares of Control4 stock traded up $0.01 during trading on Tuesday, reaching $23.83. The company’s stock had a trading volume of 1,964 shares, compared to its average volume of 281,248. The stock has a 50-day moving average price of $23.73. The company has a market capitalization of $638.64 million, a price-to-earnings ratio of 24.83, a PEG ratio of 2.25 and a beta of 0.40. Control4 has a fifty-two week low of $15.59 and a fifty-two week high of $37.62. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.74 and a current ratio of 3.89.
Control4 (NASDAQ:CTRL) last announced its earnings results on Thursday, May 9th. The electronics maker reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.17. The business had revenue of $60.43 million for the quarter, compared to analysts’ expectations of $61.64 million. Control4 had a net margin of 14.94% and a return on equity of 12.56%. The company’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.21 EPS. As a group, sell-side analysts anticipate that Control4 will post 0.71 EPS for the current year.
In other Control4 news, Director Robert Born sold 3,570 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $23.64, for a total value of $84,394.80. Following the transaction, the director now directly owns 17,867 shares of the company’s stock, valued at approximately $422,375.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Phil Molyneux sold 23,374 shares of the business’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $23.74, for a total transaction of $554,898.76. Following the completion of the transaction, the director now directly owns 42,347 shares in the company, valued at $1,005,317.78. The disclosure for this sale can be found here. Insiders sold a total of 28,944 shares of company stock worth $686,674 over the last three months. 2.90% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in CTRL. Louisiana State Employees Retirement System purchased a new position in shares of Control4 during the 2nd quarter valued at approximately $238,000. Syquant Capital Sas bought a new position in Control4 during the second quarter worth $7,050,000. Marshall Wace North America L.P. lifted its stake in Control4 by 53.6% during the first quarter. Marshall Wace North America L.P. now owns 7,634 shares of the electronics maker’s stock worth $129,000 after purchasing an additional 2,663 shares during the last quarter. WCM Investment Management LLC lifted its stake in Control4 by 79.9% during the first quarter. WCM Investment Management LLC now owns 205,900 shares of the electronics maker’s stock worth $3,486,000 after purchasing an additional 91,437 shares during the last quarter. Finally, Meitav Dash Investments Ltd. lifted its stake in Control4 by 171.8% during the first quarter. Meitav Dash Investments Ltd. now owns 29,000 shares of the electronics maker’s stock worth $478,000 after purchasing an additional 18,330 shares during the last quarter. 79.87% of the stock is currently owned by institutional investors.
Control4 Company Profile
Control4 Corporation provides smart home and business solutions in the United States, Australia, Canada, China, Germany, the United Kingdom, and internationally. The company offers Control4 solution that functions as the operating system of the home, integrating audio, video, lighting, temperature, security, communications, and other devices into a unified automation solution.
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