Zacks Investment Research upgraded shares of Control4 (NASDAQ:CTRL) from a hold rating to a buy rating in a report released on Tuesday morning, Zacks.com reports. Zacks Investment Research currently has $27.00 target price on the electronics maker’s stock.
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 issued reports on the stock. BidaskClub upgraded shares of Misonix from a buy rating to a strong-buy rating in a report on Wednesday, July 3rd. Maxim Group cut shares of Control4 from a buy rating to a hold rating in a report on Monday, May 13th. Cowen restated a hold rating on shares of PDL BioPharma in a report on Thursday, May 9th. ValuEngine upgraded shares of VESTAS WIND SYS/ADR from a hold rating to a buy rating in a report on Thursday, May 9th. Finally, Roth Capital set a $10.00 price target on shares of Savara and gave the stock a hold rating in a report on Tuesday, May 14th. One equities research analyst has rated the stock with a sell rating and nine have given a hold rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $27.57.
Shares of NASDAQ CTRL opened at $23.82 on Tuesday. The firm has a market capitalization of $638.24 million, a PE ratio of 24.81, a P/E/G ratio of 2.24 and a beta of 0.40. The firm’s 50-day simple moving average is $23.71. Control4 has a 1 year low of $15.59 and a 1 year high of $37.62. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.89 and a quick ratio of 2.74.
Control4 (NASDAQ:CTRL) last issued its quarterly earnings data on Thursday, May 9th. The electronics maker reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.17. The firm had revenue of $60.43 million during the quarter, compared to analysts’ expectations of $61.64 million. Control4 had a net margin of 14.94% and a return on equity of 12.56%. The business’s revenue was up 2.2% on a year-over-year basis. During the same period last year, the company earned $0.21 earnings per share. On average, research analysts forecast that Control4 will post 0.71 EPS for the current year.
In other Control4 news, Director Robert Born sold 3,570 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $23.64, for a total value of $84,394.80. Following the transaction, the director now directly owns 17,867 shares in the company, valued at $422,375.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Phil Molyneux sold 23,374 shares of the business’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $23.74, for a total transaction of $554,898.76. Following the completion of the transaction, the director now owns 42,347 shares in the company, valued at $1,005,317.78. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 28,944 shares of company stock worth $686,674. 2.90% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Syquant Capital Sas bought a new stake in Control4 during the 2nd quarter worth approximately $7,050,000. Marshall Wace North America L.P. raised its holdings in Control4 by 53.6% in the first quarter. Marshall Wace North America L.P. now owns 7,634 shares of the electronics maker’s stock worth $129,000 after purchasing an additional 2,663 shares in the last quarter. WCM Investment Management LLC raised its holdings in Control4 by 79.9% in the first quarter. WCM Investment Management LLC now owns 205,900 shares of the electronics maker’s stock worth $3,486,000 after purchasing an additional 91,437 shares in the last quarter. Meitav Dash Investments Ltd. raised its holdings in Control4 by 171.8% in the first quarter. Meitav Dash Investments Ltd. now owns 29,000 shares of the electronics maker’s stock worth $478,000 after purchasing an additional 18,330 shares in the last quarter. Finally, AlphaCrest Capital Management LLC bought a new position in Control4 in the first quarter worth about $334,000. Hedge funds and other institutional investors own 78.94% of the company’s stock.
Control4 Corporation provides smart home and business solutions in the United States, Australia, Canada, China, Germany, the United Kingdom, 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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