Shares of Control4 Corp (NASDAQ:CTRL) have been assigned a consensus recommendation of “Hold” from the ten brokerages that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $24.75.
A number of analysts have recently commented on the company. Cowen lowered Control4 from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 9th. Maxim Group downgraded Control4 from a “buy” rating to a “hold” rating in a report on Monday, May 13th. ValuEngine upgraded Control4 from a “sell” rating to a “hold” rating in a report on Thursday, May 9th. Roth Capital downgraded Control4 from a “buy” rating to a “neutral” rating and set a $24.00 target price for the company. in a report on Tuesday, May 14th. Finally, BidaskClub upgraded Control4 from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 24th.
Shares of CTRL stock remained flat at $$23.91 during mid-day trading on Friday. The stock had a trading volume of 829,000 shares, compared to its average volume of 262,548. The business has a fifty day moving average price of $23.84 and a two-hundred day moving average price of $20.70. Control4 has a 12-month low of $15.59 and a 12-month high of $37.62. The stock has a market capitalization of $640.79 million, a P/E ratio of 24.91, a price-to-earnings-growth ratio of 2.26 and a beta of 0.35. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.74 and a current ratio of 3.89.
In other Control4 news, Director Robert Born sold 3,570 shares of Control4 stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $23.64, for a total value of $84,394.80. Following the completion of the sale, the director now directly owns 17,867 shares in the company, valued at $422,375.88. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Over the last quarter, insiders sold 5,570 shares of company stock valued at $131,775. 2.90% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in CTRL. Water Island Capital LLC acquired a new stake in Control4 in the second quarter valued at approximately $10,550,000. Nuveen Asset Management LLC purchased a new position in shares of Control4 during the second quarter valued at approximately $10,506,000. Gabelli Funds LLC purchased a new position in shares of Control4 during the second quarter valued at approximately $9,896,000. JPMorgan Chase & Co. boosted its position in shares of Control4 by 6,451.3% during the second quarter. JPMorgan Chase & Co. now owns 422,233 shares of the electronics maker’s stock valued at $10,033,000 after buying an additional 415,788 shares during the last quarter. Finally, Millennium Management LLC boosted its position in shares of Control4 by 2,816.3% during the fourth quarter. Millennium Management LLC now owns 414,149 shares of the electronics maker’s stock valued at $7,289,000 after buying an additional 399,948 shares during the last quarter. 77.33% of the stock is owned by hedge funds and other institutional investors.
Control4 Company Profile
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.
Further Reading: Oversold
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