Control4 Corporation (CTRL) Hits New 52-Week High at $28.03
Control4 Corporation (NASDAQ:CTRL)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $28.03 and last traded at $28.01, with a volume of 252,898 shares trading hands. The stock had previously closed at $27.50.
Several equities analysts have issued reports on the stock. BidaskClub cut shares of Control4 Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Needham & Company LLC restated a “buy” rating and set a $22.00 target price on shares of Control4 Corporation in a research note on Wednesday, May 31st. Zacks Investment Research raised shares of Control4 Corporation from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Wednesday, August 9th. Finally, Cowen and Company raised shares of Control4 Corporation from a “market perform” rating to an “outperform” rating and upped their price target for the company from $22.00 to $30.00 in a research report on Friday, September 8th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $21.88.
The company’s 50 day moving average is $24.09 and its 200-day moving average is $19.52. The firm has a market capitalization of $690.10 million, a PE ratio of 67.720 and a beta of -0.62.
Control4 Corporation (NASDAQ:CTRL) last released its earnings results on Thursday, August 3rd. The electronics maker reported $0.32 EPS for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.09. Control4 Corporation had a return on equity of 10.77% and a net margin of 4.70%. The firm had revenue of $61.40 million during the quarter, compared to the consensus estimate of $60.70 million. During the same quarter in the previous year, the company posted $0.23 earnings per share. The company’s revenue was up 15.4% compared to the same quarter last year. On average, equities research analysts expect that Control4 Corporation will post $1.04 earnings per share for the current fiscal year.
In related news, SVP Susan Cashen sold 1,768 shares of Control4 Corporation stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $22.87, for a total transaction of $40,434.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mark Novakovich sold 2,168 shares of Control4 Corporation stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $22.87, for a total value of $49,582.16. Following the sale, the chief financial officer now directly owns 18,495 shares of the company’s stock, valued at approximately $422,980.65. The disclosure for this sale can be found here. Insiders have sold 8,546 shares of company stock valued at $194,603 in the last ninety days. Corporate insiders own 6.10% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the stock. Hancock Holding Co. acquired a new position in Control4 Corporation in the first quarter valued at approximately $189,000. Airain ltd acquired a new position in Control4 Corporation in the first quarter valued at approximately $411,000. Gerber Kawasaki Wealth & Investment Management acquired a new position in Control4 Corporation in the second quarter valued at approximately $2,463,000. EAM Investors LLC lifted its holdings in Control4 Corporation by 17.2% in the first quarter. EAM Investors LLC now owns 55,851 shares of the electronics maker’s stock valued at $882,000 after acquiring an additional 8,179 shares during the period. Finally, TFS Capital LLC acquired a new position in Control4 Corporation in the first quarter valued at approximately $176,000. 74.27% of the stock is owned by hedge funds and other institutional investors.
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Control4 Corporation Company Profile
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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