Control4 (CTRL) Upgraded to “Hold” by Zacks Investment Research

Control4 (CTRL) Upgraded to “Hold” by Zacks Investment Research

Zacks Investment Research upgraded shares of Control4 (NASDAQ:CTRL) from a strong sell rating to a hold rating in a research report sent to investors on Wednesday.

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 research analysts have also recently commented on the stock. Dougherty & Co reaffirmed a neutral rating on shares of Control4 in a research report on Monday, February 12th. Maxim Group raised shares of Control4 from a hold rating to a buy rating and increased their price target for the stock from $33.00 to $36.00 in a research report on Friday, February 9th. BidaskClub cut shares of Control4 from a sell rating to a strong sell rating in a research report on Monday, February 5th. Imperial Capital increased their price target on shares of Control4 from $28.00 to $30.00 and gave the stock an in-line rating in a research report on Tuesday, January 23rd. Finally, Cowen reissued a buy rating on shares of Control4 in a research report on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $30.67.

Control4 (NASDAQ:CTRL) opened at $25.03 on Wednesday. Control4 has a 1 year low of $14.39 and a 1 year high of $35.99. The company has a market cap of $646.60, a PE ratio of 33.82, a price-to-earnings-growth ratio of 2.11 and a beta of -0.60.

Control4 (NASDAQ:CTRL) last posted its earnings results on Thursday, February 8th. The electronics maker reported $0.40 EPS for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.05. Control4 had a net margin of 6.53% and a return on equity of 12.74%. The company had revenue of $68.34 million for the quarter, compared to analysts’ expectations of $67.21 million. During the same quarter in the prior year, the company posted $0.31 earnings per share. Control4’s revenue for the quarter was up 19.1% compared to the same quarter last year. research analysts predict that Control4 will post 0.79 earnings per share for the current fiscal year.

Control4 announced that its Board of Directors has initiated a stock buyback program on Thursday, February 8th that allows the company to buyback $20.00 million in outstanding shares. This buyback authorization allows the electronics maker to buy shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.

In related news, insider Greg Bishop sold 2,178 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $25.58, for a total transaction of $55,713.24. Following the sale, the insider now directly owns 15,962 shares in the company, valued at $408,307.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Eric Anderson sold 14,384 shares of the company’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. Following the sale, the senior vice president now owns 17,388 shares in the company, valued at $531,029.52. The disclosure for this sale can be found here. Insiders have sold 91,314 shares of company stock worth $2,588,722 in the last three months. Corporate insiders own 6.10% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in CTRL. Legal & General Group Plc increased its stake in shares of Control4 by 11.7% during the second 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 during the period. Advisory Services Network LLC increased its stake in shares of Control4 by 160.7% during the fourth quarter. Advisory Services Network LLC now owns 3,910 shares of the electronics maker’s stock worth $116,000 after buying an additional 2,410 shares during the period. Victory Capital Management Inc. purchased a new stake in shares of Control4 during the third quarter worth approximately $130,000. LS Investment Advisors LLC increased its stake in shares of Control4 by 866.5% during the fourth quarter. LS Investment Advisors LLC now owns 5,992 shares of the electronics maker’s stock worth $178,000 after buying an additional 5,372 shares during the period. Finally, Teachers Retirement System of The State of Kentucky purchased a new stake in shares of Control4 during the third quarter worth approximately $183,000. Hedge funds and other institutional investors own 75.53% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Control4 (CTRL) Upgraded to “Hold” by Zacks Investment Research” was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of US & international copyright laws. The original version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/02/18/control4-ctrl-upgraded-to-hold-by-zacks-investment-research.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.

Get a free copy of the Zacks research report on Control4 (CTRL)

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Analyst Recommendations for Control4 (NASDAQ:CTRL)

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Zacks Investment Research upgraded shares of Control4 (NASDAQ:CTRL) from a strong sell rating to a hold rating in a report published on Wednesday.

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. “

CTRL has been the topic of several other reports. Cowen set a $30.00 price target on shares of Control4 and gave the company a buy rating in a research note on Wednesday, November 1st. Maxim Group upgraded shares of Control4 from a hold rating to a buy rating and increased their price target for the company from $33.00 to $36.00 in a research note on Friday, February 9th. BidaskClub lowered shares of Control4 from a sell rating to a strong sell rating in a research note on Monday, February 5th. UBS Group lowered shares of Control4 from an outperform rating to a market perform rating in a research note on Friday, November 3rd. Finally, Imperial Capital increased their price target on shares of Control4 from $28.00 to $30.00 and gave the company an in-line rating in a research note on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $30.67.

Control4 (NASDAQ CTRL) opened at $25.03 on Wednesday. The company has a market cap of $646.60, a P/E ratio of 33.82, a price-to-earnings-growth ratio of 2.11 and a beta of -0.60. Control4 has a one year low of $14.39 and a one year high of $35.99.

Control4 (NASDAQ:CTRL) last announced its quarterly earnings results on Thursday, February 8th. The electronics maker reported $0.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.05. The company had revenue of $68.34 million for the quarter, compared to analyst estimates of $67.21 million. Control4 had a net margin of 6.53% and a return on equity of 12.74%. The firm’s revenue was up 19.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.31 earnings per share. analysts expect that Control4 will post 0.79 EPS for the current fiscal year.

Control4 declared that its Board of Directors has initiated a share repurchase program on Thursday, February 8th that allows the company to buyback $20.00 million in outstanding shares. This buyback authorization allows the electronics maker to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

In other news, CEO Martin Plaehn sold 41,585 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $24.51, for a total transaction of $1,019,248.35. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jeremy A. Jaech sold 12,801 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $34.48, for a total transaction of $441,378.48. Following the transaction, the director now owns 31,002 shares in the company, valued at $1,068,948.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 91,314 shares of company stock worth $2,588,722. Insiders own 6.10% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in CTRL. Stifel Financial Corp purchased a new position in shares of Control4 during the third quarter worth approximately $12,680,000. Dimensional Fund Advisors LP lifted its holdings in shares of Control4 by 100.4% during the second quarter. Dimensional Fund Advisors LP now owns 802,857 shares of the electronics maker’s stock worth $15,744,000 after purchasing an additional 402,208 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Control4 by 37.5% during the fourth quarter. Bank of New York Mellon Corp now owns 1,355,094 shares of the electronics maker’s stock worth $40,328,000 after purchasing an additional 369,236 shares during the period. Allianz Asset Management GmbH lifted its holdings in shares of Control4 by 1,275.0% during the fourth quarter. Allianz Asset Management GmbH now owns 314,865 shares of the electronics maker’s stock worth $9,370,000 after purchasing an additional 291,965 shares during the period. Finally, Penserra Capital Management LLC lifted its holdings in shares of Control4 by 258.5% during the fourth quarter. Penserra Capital Management LLC now owns 309,644 shares of the electronics maker’s stock worth $9,215,000 after purchasing an additional 223,267 shares during the period. Institutional investors and hedge funds own 75.53% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Control4 (CTRL) Upgraded to “Hold” by Zacks Investment Research” was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this story on another site, it was copied illegally and republished in violation of US & international trademark & copyright law. The correct version of this story can be read at https://www.dispatchtribunal.com/2018/02/18/control4-ctrl-upgraded-to-hold-by-zacks-investment-research.html.

About Control4

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.

Get a free copy of the Zacks research report on Control4 (CTRL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.

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