Control4 (CTRL) Sets New 1-Year High at $37.62

Shares of Control4 Corp (NASDAQ:CTRL) hit a new 52-week high on Friday . The stock traded as high as $37.62 and last traded at $37.01, with a volume of 14851 shares trading hands. The stock had previously closed at $36.70.

Several analysts have recently weighed in on CTRL shares. ValuEngine upgraded Control4 from a “hold” rating to a “buy” rating in a report on Friday, August 3rd. Zacks Investment Research lowered Control4 from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. BidaskClub lowered Control4 from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 26th. Roth Capital started coverage on Control4 in a report on Wednesday, June 13th. They issued a “buy” rating and a $31.00 price objective for the company. Finally, Imperial Capital restated an “outperform” rating and issued a $30.00 price objective on shares of Control4 in a report on Monday, August 6th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $33.50.

The firm has a market cap of $946.23 million, a P/E ratio of 49.52, a price-to-earnings-growth ratio of 3.45 and a beta of -0.10.

Control4 (NASDAQ:CTRL) last announced its earnings results on Thursday, August 2nd. The electronics maker reported $0.42 EPS for the quarter, beating the consensus estimate of $0.21 by $0.21. Control4 had a return on equity of 15.03% and a net margin of 7.21%. The business had revenue of $69.20 million during the quarter, compared to the consensus estimate of $68.02 million. During the same period in the prior year, the business posted $0.32 earnings per share. Control4’s revenue was up 12.7% compared to the same quarter last year. equities research analysts anticipate that Control4 Corp will post 0.91 EPS for the current fiscal year.

In other news, SVP Bryce Judd sold 1,042 shares of the company’s stock in a transaction on Monday, July 2nd. The stock was sold at an average price of $24.11, for a total transaction of $25,122.62. Following the completion of the sale, the senior vice president now directly owns 1,042 shares of the company’s stock, valued at $25,122.62. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Susan Cashen sold 10,384 shares of the company’s stock in a transaction on Monday, June 18th. The shares were sold at an average price of $25.14, for a total value of $261,053.76. Following the sale, the senior vice president now directly owns 3,829 shares of the company’s stock, valued at $96,261.06. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 552,920 shares of company stock valued at $17,925,175. 6.10% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in CTRL. Millennium Management LLC lifted its holdings in shares of Control4 by 1,687.7% during the first quarter. Millennium Management LLC now owns 385,463 shares of the electronics maker’s stock valued at $8,280,000 after purchasing an additional 363,901 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in shares of Control4 by 53.6% during the first quarter. State of New Jersey Common Pension Fund D now owns 860,000 shares of the electronics maker’s stock valued at $18,473,000 after purchasing an additional 300,000 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Control4 by 9.9% during the second quarter. BlackRock Inc. now owns 3,280,943 shares of the electronics maker’s stock valued at $79,760,000 after purchasing an additional 294,268 shares during the last quarter. Systematic Financial Management LP lifted its stake in Control4 by 42.5% in the 2nd quarter. Systematic Financial Management LP now owns 855,095 shares of the electronics maker’s stock worth $20,787,000 after acquiring an additional 255,140 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Control4 by 15.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,081,596 shares of the electronics maker’s stock worth $23,233,000 after acquiring an additional 142,699 shares in the last quarter. 79.40% of the stock is owned by institutional investors and hedge funds.

About Control4 (NASDAQ:CTRL)

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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