Control4 (NASDAQ:CTRL)‘s stock had its “buy” rating reiterated by equities researchers at Cowen in a research report issued on Tuesday, January 9th.
Other research analysts have also recently issued reports about the company. BidaskClub cut Control4 from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Zacks Investment Research lowered Control4 from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Maxim Group restated a “hold” rating and issued a $33.00 target price on shares of Control4 in a research note on Friday, November 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $30.00 price objective on shares of Control4 in a research report on Friday, November 3rd. Finally, UBS Group lowered Control4 from an “outperform” rating to a “market perform” rating in a research report on Friday, November 3rd. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $25.50.
Control4 (NASDAQ CTRL) traded up $2.76 during midday trading on Tuesday, hitting $33.11. 1,115,300 shares of the stock were exchanged, compared to its average volume of 521,655. Control4 has a 1-year low of $10.67 and a 1-year high of $35.99. The stock has a market capitalization of $820.49, a price-to-earnings ratio of 62.47, a price-to-earnings-growth ratio of 2.50 and a beta of -0.51.
Control4 (NASDAQ:CTRL) last announced its quarterly earnings results on Thursday, November 2nd. The electronics maker reported $0.35 EPS for the quarter, beating the consensus estimate of $0.15 by $0.20. The company 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 company’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.26 earnings per share. analysts anticipate that Control4 will post 0.68 EPS for the current fiscal year.
In related news, SVP Eric Anderson sold 14,384 shares of the business’s stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $30.54, for a total transaction of $439,287.36. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Martin Plaehn sold 222,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 169,257 shares in the company, valued at $5,458,538.25. The disclosure for this sale can be found here. Insiders sold a total of 389,534 shares of company stock worth $12,639,835 in the last 90 days. Company insiders own 6.10% of the company’s stock.
Several hedge funds have recently made changes to their positions in CTRL. Bank of New York Mellon Corp raised its position 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 purchasing an additional 630,921 shares during the last quarter. Stifel Financial Corp bought a new position in Control4 in the third quarter valued at about $12,680,000. Dimensional Fund Advisors LP raised its position in Control4 by 100.4% in the second quarter. Dimensional Fund Advisors LP now owns 802,857 shares of the electronics maker’s stock valued at $15,744,000 after purchasing an additional 402,208 shares during the last quarter. Renaissance Technologies LLC raised its position in Control4 by 38.3% in 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 last quarter. Finally, Principal Financial Group Inc. bought a new position in Control4 in the third quarter valued at about $4,540,000. Institutional investors and hedge funds 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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