BidaskClub lowered shares of Control4 (NASDAQ:CTRL) from a buy rating to a hold rating in a report issued on Thursday morning.
Several other equities analysts have also issued reports on CTRL. Needham & Company LLC reaffirmed a buy rating and issued a $25.00 price target (up from $22.00) on shares of Control4 in a report on Wednesday, August 9th. Zacks Investment Research raised shares of Control4 from a hold rating to a buy rating and set a $25.00 price target on the stock in a report on Wednesday, August 9th. Maxim Group reiterated a hold rating and set a $33.00 price objective on shares of Control4 in a research note on Friday, November 3rd. Cowen set a $30.00 price objective on shares of Control4 and gave the stock a buy rating in a research note on Wednesday, November 1st. Finally, UBS downgraded shares of Control4 from an outperform rating to a market perform rating in a research note on Friday, November 3rd. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Control4 currently has an average rating of Buy and an average target price of $25.50.
Control4 (NASDAQ:CTRL) traded down $0.79 during midday trading on Thursday, reaching $30.24. 482,792 shares of the company’s stock traded hands, compared to its average volume of 494,940. Control4 has a fifty-two week low of $10.08 and a fifty-two week high of $35.99. The stock has a market capitalization of $771.27, a price-to-earnings ratio of 47.09, a P/E/G ratio of 2.99 and a beta of -0.51.
Control4 (NASDAQ:CTRL) last released its quarterly earnings results on Thursday, November 2nd. The electronics maker reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.20. Control4 had a net margin of 5.96% and a return on equity of 11.63%. The business had revenue of $64.70 million for the quarter, compared to analyst estimates of $63.59 million. During the same period in the previous year, the company earned $0.26 earnings per share. The business’s revenue for the quarter was up 17.2% on a year-over-year basis. equities research analysts anticipate that Control4 will post 0.68 earnings per share for the current fiscal year.
In related news, CEO Martin Plaehn sold 222,000 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $32.25, for a total transaction of $7,159,500.00. Following the completion of the transaction, the chief executive officer now directly owns 169,257 shares in the company, valued at $5,458,538.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Greg Bishop sold 2,254 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $32.90, for a total transaction of $74,156.60. Following the transaction, the insider now owns 15,961 shares of the company’s stock, valued at $525,116.90. The disclosure for this sale can be found here. Insiders have sold 360,766 shares of company stock valued at $11,761,260 over the last quarter. Insiders own 6.10% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp lifted its position in Control4 by 35.1% during the third quarter. Bank of New York Mellon Corp now owns 985,858 shares of the electronics maker’s stock valued at $29,043,000 after purchasing an additional 256,073 shares during the period. Dimensional Fund Advisors LP lifted its position in Control4 by 14.0% during the third quarter. Dimensional Fund Advisors LP now owns 915,412 shares of the electronics maker’s stock valued at $26,968,000 after purchasing an additional 112,555 shares during the period. Renaissance Technologies LLC lifted its position in Control4 by 38.3% during the second quarter. Renaissance Technologies LLC now owns 850,400 shares of the electronics maker’s stock valued at $16,676,000 after purchasing an additional 235,700 shares during the period. Vanguard Group Inc. lifted its position in Control4 by 6.2% during the second quarter. Vanguard Group Inc. now owns 849,627 shares of the electronics maker’s stock valued at $16,661,000 after purchasing an additional 49,595 shares during the period. Finally, Lord Abbett & CO. LLC lifted its position in Control4 by 11.3% during the second quarter. Lord Abbett & CO. LLC now owns 800,964 shares of the electronics maker’s stock valued at $15,707,000 after purchasing an additional 81,180 shares during the period. Institutional investors own 77.34% of the company’s stock.
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Control4 Corporation (Control4) is a provider of smart home and business solutions. The Company’s smart home and small business solutions provide consumers with the ability to integrate audio, video, lighting, temperature, security, communications, network management and other functionalities into a unified automation solution, customized to match their lifestyles and business needs.
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