Control4 Corp (NASDAQ:CTRL) has earned an average rating of “Hold” from the eleven ratings firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $31.20.
A number of brokerages recently issued reports on CTRL. ValuEngine raised Control4 from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd. Dougherty & Co reissued a “neutral” rating on shares of Control4 in a research report on Monday, February 12th. DA Davidson began coverage on Control4 in a research report on Friday, March 16th. They issued a “buy” rating and a $30.00 target price for the company. Maxim Group raised Control4 from a “hold” rating to a “buy” rating and upped their target price for the company from $33.00 to $36.00 in a research report on Friday, February 9th. Finally, Imperial Capital raised Control4 from an “in-line” rating to an “outperform” rating and upped their target price for the company from $24.65 to $30.00 in a research report on Thursday, March 8th.
In other Control4 news, CFO Mark Novakovich sold 28,302 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $24.97, for a total transaction of $706,700.94. Following the completion of the sale, the chief financial officer now directly owns 47,235 shares of the company’s stock, valued at approximately $1,179,457.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Bryce Judd sold 19,073 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $24.97, for a total value of $476,252.81. The disclosure for this sale can be found here. Insiders have sold a total of 121,922 shares of company stock valued at $3,003,650 over the last ninety days. 6.10% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of the company. Millennium Management LLC raised its stake in shares of Control4 by 1,687.7% during the 1st quarter. Millennium Management LLC now owns 385,463 shares of the electronics maker’s stock worth $8,280,000 after buying an additional 363,901 shares in the last quarter. Cubist Systematic Strategies LLC raised its stake in shares of Control4 by 107.0% during the 1st quarter. Cubist Systematic Strategies LLC now owns 17,129 shares of the electronics maker’s stock worth $368,000 after buying an additional 8,853 shares in the last quarter. Guggenheim Capital LLC raised its stake in shares of Control4 by 6.5% during the 1st quarter. Guggenheim Capital LLC now owns 93,336 shares of the electronics maker’s stock worth $2,005,000 after buying an additional 5,714 shares in the last quarter. Barclays PLC raised its stake in shares of Control4 by 1,065.7% during the 1st quarter. Barclays PLC now owns 122,805 shares of the electronics maker’s stock worth $2,638,000 after buying an additional 112,270 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Control4 by 5.6% during the 1st quarter. Principal Financial Group Inc. now owns 182,953 shares of the electronics maker’s stock worth $3,930,000 after buying an additional 9,621 shares in the last quarter. 75.92% of the stock is owned by institutional investors and hedge funds.
Shares of Control4 traded up $0.14, reaching $24.28, during trading hours on Thursday, according to Marketbeat Ratings. The stock had a trading volume of 463,004 shares, compared to its average volume of 341,910. The stock has a market cap of $631.50 million, a PE ratio of 32.37, a price-to-earnings-growth ratio of 2.82 and a beta of -0.30. Control4 has a fifty-two week low of $17.60 and a fifty-two week high of $35.99.
Control4 (NASDAQ:CTRL) last announced its earnings results on Thursday, May 3rd. The electronics maker reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.07. The firm had revenue of $59.10 million during the quarter, compared to analysts’ expectations of $57.18 million. Control4 had a return on equity of 13.91% and a net margin of 6.35%. The business’s revenue was up 17.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.12 EPS. research analysts forecast that Control4 will post 0.82 EPS for the current year.
Control4 announced that its board has authorized a share repurchase program on Thursday, February 8th that authorizes the company to buyback $20.00 million in shares. This buyback authorization authorizes the electronics maker to purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.
Control4 Corporation provides smart home and business solutions in the United States, Canada, and internationally. The company offers Control4 solution that functions as the operating system of the home, integrating audio, video, lighting, temperature, security, communications, and other devices into a unified automation solution.
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