Control4 Corp (CTRL) Research Coverage Started at Singular Research
Singular Research initiated coverage on shares of Control4 Corp (NASDAQ:CTRL) in a research note published on Monday morning. The firm issued a buy rating and a $21.00 price target on the electronics maker’s stock.
Several other brokerages also recently commented on CTRL. TheStreet raised Control4 Corp to a buy rating in a research note on Tuesday, December 20th. Imperial Capital boosted their target price on Control4 Corp from $12.00 to $16.00 and gave the stock a line rating in a research note on Tuesday, February 14th. Zacks Investment Research downgraded Control4 Corp from a buy rating to a hold rating in a research note on Friday, February 10th. Raymond James Financial, Inc. raised Control4 Corp from a market perform rating to an outperform rating and set a $17.00 target price for the company in a research note on Friday, February 10th. Finally, S&P Equity Research raised Control4 Corp from a market perform rating to an outperform rating and set a $17.00 target price for the company in a research note on Friday, February 10th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $16.80.
Control4 Corp (NASDAQ:CTRL) opened at 16.58 on Monday. Control4 Corp has a 52 week low of $7.01 and a 52 week high of $16.86. The stock has a 50 day moving average of $15.26 and a 200-day moving average of $12.68. The firm has a market cap of $396.79 million, a PE ratio of 31.28 and a beta of -0.97.
Control4 Corp (NASDAQ:CTRL) last issued its earnings results on Thursday, February 9th. The electronics maker reported $0.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.07. The firm earned $57.40 million during the quarter, compared to the consensus estimate of $54.55 million. Control4 Corp had a return on equity of 7.50% and a net margin of 6.20%. The business’s quarterly revenue was up 33.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.07 earnings per share. Analysts expect that Control4 Corp will post $0.94 earnings per share for the current year.
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In other news, SVP Jefferson Dungan sold 41,734 shares of the company’s stock in a transaction that occurred on Tuesday, February 14th. The stock was sold at an average price of $14.81, for a total value of $618,080.54. Following the completion of the transaction, the senior vice president now owns 28,044 shares of the company’s stock, valued at $415,331.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Greg Bishop sold 4,167 shares of the company’s stock in a transaction that occurred on Tuesday, February 14th. The shares were sold at an average price of $14.34, for a total value of $59,754.78. Following the completion of the transaction, the insider now directly owns 14,295 shares of the company’s stock, valued at approximately $204,990.30. The disclosure for this sale can be found here. Insiders sold 131,074 shares of company stock valued at $1,977,678 in the last ninety days. 6.10% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Metropolitan Life Insurance Co. NY increased its position in Control4 Corp by 18.4% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 15,450 shares of the electronics maker’s stock valued at $158,000 after buying an additional 2,406 shares in the last quarter. Wells Fargo & Company MN increased its position in Control4 Corp by 173.0% in the third quarter. Wells Fargo & Company MN now owns 15,121 shares of the electronics maker’s stock valued at $186,000 after buying an additional 9,582 shares in the last quarter. Bank of Montreal Can increased its position in Control4 Corp by 2,566.4% in the first quarter. Bank of Montreal Can now owns 13,332 shares of the electronics maker’s stock valued at $210,000 after buying an additional 12,832 shares in the last quarter. Highbridge Capital Management LLC purchased a new position in Control4 Corp during the fourth quarter valued at about $219,000. Finally, CENTRAL TRUST Co purchased a new position in Control4 Corp during the third quarter valued at about $246,000. 65.00% of the stock is owned by institutional investors.
About Control4 Corp
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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