Control4 Corp (NASDAQ:CTRL) has been given a consensus rating of “Buy” by the ten analysts that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $25.50.
CTRL has been the topic of several recent analyst reports. Zacks Investment Research raised Control4 from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research note on Wednesday, November 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $30.00 target price on shares of Control4 in a research note on Friday, November 3rd. Cowen set a $30.00 target price on Control4 and gave the company a “buy” rating in a research note on Wednesday, November 1st. BidaskClub raised Control4 from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Maxim Group reaffirmed a “hold” rating and set a $33.00 target price on shares of Control4 in a research note on Friday, November 3rd.
Shares of Control4 (NASDAQ:CTRL) traded up $0.01 during trading on Monday, reaching $31.76. The company’s stock had a trading volume of 201,348 shares, compared to its average volume of 493,031. The company has a market cap of $801.45, a P/E ratio of 48.80, a P/E/G ratio of 3.09 and a beta of -0.51. Control4 has a 52-week low of $10.08 and a 52-week high of $35.99.
Control4 (NASDAQ:CTRL) last announced its earnings results on Thursday, November 2nd. The electronics maker reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.20. The firm had revenue of $64.70 million for the quarter, compared to the consensus estimate 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 quarter in the previous year, the business earned $0.26 EPS. equities research analysts predict that Control4 will post 0.68 EPS for the current year.
In other 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 owns 169,257 shares of the company’s stock, valued at approximately $5,458,538.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeremy A. Jaech sold 12,801 shares of the business’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $34.48, for a total value of $441,378.48. Following the completion of the sale, the director now directly owns 31,002 shares in the company, valued at approximately $1,068,948.96. The disclosure for this sale can be found here. Insiders sold a total of 360,766 shares of company stock worth $11,761,260 in the last three months. Company insiders own 6.10% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of CTRL. Legal & General Group Plc raised its stake in shares of Control4 by 11.7% in the 2nd quarter. Legal & General Group Plc now owns 5,506 shares of the electronics maker’s stock worth $107,000 after buying an additional 577 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in shares of Control4 during the third quarter worth $130,000. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Control4 during the third quarter worth $183,000. Voya Investment Management LLC acquired a new stake in shares of Control4 during the second quarter worth $213,000. Finally, Municipal Employees Retirement System of Michigan acquired a new stake in shares of Control4 during the third quarter worth $215,000. 77.34% of the stock is currently owned by institutional investors.
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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.
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