Cowen Reiterates Buy Rating for Control4 (CTRL)

Control4 (NASDAQ:CTRL)‘s stock had its “buy” rating reiterated by analysts at Cowen in a research report issued on Tuesday.

Several other equities research analysts have also recently weighed in on CTRL. BidaskClub cut Control4 from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Zacks Investment Research cut Control4 from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Maxim Group reaffirmed a “hold” rating and issued a $33.00 price target on shares of Control4 in a research note on Friday, November 3rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $30.00 price target on shares of Control4 in a research note on Friday, November 3rd. Finally, UBS Group cut Control4 from an “outperform” rating to a “market perform” rating in a research note on Friday, November 3rd. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $25.50.

Shares of Control4 (NASDAQ:CTRL) traded down $0.29 during mid-day trading on Tuesday, reaching $30.75. The company had a trading volume of 318,800 shares, compared to its average volume of 448,129. The stock has a market capitalization of $767.29, a PE ratio of 58.02, a price-to-earnings-growth ratio of 2.55 and a beta of -0.51. Control4 has a 12 month low of $10.60 and a 12 month high of $35.99.

Control4 (NASDAQ:CTRL) last issued its quarterly earnings results on Thursday, November 2nd. The electronics maker reported $0.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.20. The company had revenue of $64.70 million for the quarter, compared to analysts’ expectations of $63.59 million. Control4 had a return on equity of 11.63% and a net margin of 5.96%. The firm’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.26 earnings per share. equities analysts anticipate that Control4 will post 0.68 EPS for the current year.

In other Control4 news, CEO Martin Plaehn sold 222,000 shares of the business’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $32.25, for a total value of $7,159,500.00. Following the sale, the chief executive officer now directly owns 169,257 shares of the company’s stock, valued at $5,458,538.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Eric Anderson sold 14,384 shares of the business’s stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $30.54, for a total value of $439,287.36. The disclosure for this sale can be found here. Insiders sold 389,534 shares of company stock worth $12,639,835 over the last three months. Corporate insiders own 6.10% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. lifted its holdings in Control4 by 16.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 73,087 shares of the electronics maker’s stock valued at $1,434,000 after acquiring an additional 10,242 shares during the period. First Trust Advisors LP lifted its holdings in Control4 by 0.4% in the second quarter. First Trust Advisors LP now owns 34,166 shares of the electronics maker’s stock valued at $670,000 after acquiring an additional 142 shares during the period. Rhumbline Advisers lifted its holdings in Control4 by 13.8% in the second quarter. Rhumbline Advisers now owns 26,283 shares of the electronics maker’s stock valued at $515,000 after acquiring an additional 3,187 shares during the period. Bank of New York Mellon Corp lifted its holdings in Control4 by 638.2% in the second quarter. Bank of New York Mellon Corp now owns 729,785 shares of the electronics maker’s stock valued at $14,311,000 after acquiring an additional 630,921 shares during the period. Finally, Legal & General Group Plc lifted its holdings in Control4 by 11.7% in the second quarter. Legal & General Group Plc now owns 5,506 shares of the electronics maker’s stock valued at $107,000 after acquiring an additional 577 shares during the period. 77.34% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: This news story was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this news story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright and trademark law. The legal version of this news story can be read at https://www.dispatchtribunal.com/2018/01/11/cowen-reiterates-buy-rating-for-control4-ctrl.html.

Control4 Company Profile

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.

Analyst Recommendations for Control4 (NASDAQ:CTRL)

Receive News & Ratings for Control4 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Control4 and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply