Stock analysts at DA Davidson assumed coverage on shares of Control4 (NASDAQ:CTRL) in a research note issued on Friday, March 16th, Marketbeat reports. The firm set a “buy” rating and a $30.00 price target on the electronics maker’s stock. DA Davidson’s price target indicates a potential upside of 44.44% from the stock’s previous close.
Several other equities research analysts also recently issued reports on CTRL. BidaskClub downgraded Control4 from a “buy” rating to a “hold” rating in a report on Thursday, December 7th. Zacks Investment Research downgraded Control4 from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Cowen reiterated a “buy” rating on shares of Control4 in a report on Tuesday, January 9th. Imperial Capital boosted their price objective on Control4 from $28.00 to $30.00 and gave the company an “in-line” rating in a report on Tuesday, January 23rd. Finally, Maxim Group upgraded Control4 from a “hold” rating to a “buy” rating and boosted their price objective for the company from $33.00 to $36.00 in a report on Friday, February 9th. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company’s stock. Control4 presently has an average rating of “Buy” and an average target price of $29.13.
NASDAQ:CTRL traded down $0.38 on Friday, reaching $20.77. The company’s stock had a trading volume of 308,264 shares, compared to its average volume of 346,704. Control4 has a 12-month low of $15.05 and a 12-month high of $35.99. The company has a market capitalization of $540.46, a P/E ratio of 27.69, a P/E/G ratio of 2.45 and a beta of -0.31.
Control4 (NASDAQ:CTRL) last posted its quarterly earnings data on Thursday, February 8th. The electronics maker reported $0.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.05. The firm had revenue of $68.34 million for the quarter, compared to the consensus estimate of $67.21 million. Control4 had a return on equity of 12.74% and a net margin of 6.53%. The company’s quarterly revenue was up 19.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.31 EPS. equities analysts expect that Control4 will post 0.81 EPS for the current year.
Control4 declared that its board has approved a stock buyback program on Thursday, February 8th that authorizes the company to buyback $20.00 million in shares. This buyback authorization authorizes the electronics maker to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.
In other news, SVP Bryce Judd sold 20,833 shares of the company’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $23.48, for a total transaction of $489,158.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Greg Bishop sold 2,178 shares of the company’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $25.58, for a total value of $55,713.24. Following the transaction, the insider now directly owns 15,962 shares of the company’s stock, valued at $408,307.96. The disclosure for this sale can be found here. Insiders have sold a total of 158,377 shares of company stock valued at $3,904,668 over the last three months. 6.10% of the stock is currently owned by insiders.
Several large investors have recently added to or reduced their stakes in the company. Penbrook Management LLC acquired a new position in shares of Control4 during the 4th quarter worth about $555,000. MetLife Investment Advisors LLC acquired a new position in shares of Control4 during the 4th quarter worth about $316,000. Gotham Asset Management LLC acquired a new position in shares of Control4 during the 4th quarter worth about $241,000. Municipal Employees Retirement System of Michigan boosted its position in shares of Control4 by 202.7% during the 4th quarter. Municipal Employees Retirement System of Michigan now owns 22,100 shares of the electronics maker’s stock worth $657,000 after acquiring an additional 14,800 shares in the last quarter. Finally, Millennium Management LLC acquired a new position in shares of Control4 during the 4th quarter worth about $642,000. 77.61% of the stock is owned by institutional investors and hedge funds.
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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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