Control4 Corporation (NASDAQ:CTRL) Lowered to Buy at BidaskClub
BidaskClub cut shares of Control4 Corporation (NASDAQ:CTRL) from a strong-buy rating to a buy rating in a report issued on Tuesday morning.
Several other equities research analysts also recently weighed in on the stock. Singular Research started coverage on shares of Control4 Corporation in a research report on Monday, April 17th. They set a buy rating and a $21.00 price target for the company. Zacks Investment Research raised shares of Control4 Corporation from a hold rating to a buy rating and set a $20.00 price target for the company in a research report on Wednesday, May 10th. Maxim Group started coverage on shares of Control4 Corporation in a research report on Thursday, May 11th. They set a hold rating and a $19.00 price target for the company. Imperial Capital raised their price target on shares of Control4 Corporation from $16.00 to $19.00 and gave the company an in-line rating in a research report on Monday, May 15th. Finally, Needham & Company LLC reissued a buy rating and set a $22.00 price target on shares of Control4 Corporation in a research report on Wednesday, May 31st. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of Buy and an average target price of $19.29.
Shares of Control4 Corporation (CTRL) traded down 0.35% during trading on Tuesday, hitting $22.86. The stock had a trading volume of 246,024 shares. Control4 Corporation has a 52-week low of $8.50 and a 52-week high of $24.94. The firm has a market cap of $556.44 million, a PE ratio of 81.35 and a beta of -0.65. The stock has a 50 day moving average of $21.13 and a 200 day moving average of $16.79.
Control4 Corporation (NASDAQ:CTRL) last announced its quarterly earnings results on Thursday, May 4th. The electronics maker reported ($0.01) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.07. The company had revenue of $50.20 million during the quarter, compared to the consensus estimate of $47.29 million. Control4 Corporation had a net margin of 3.31% and a return on equity of 7.58%. The firm’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.04 earnings per share. On average, equities analysts anticipate that Control4 Corporation will post $0.96 EPS for the current year.
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In related news, SVP Eric Anderson sold 147,622 shares of the firm’s stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $17.78, for a total value of $2,624,719.16. Following the sale, the senior vice president now owns 51,597 shares in the company, valued at $917,394.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Bryce Judd sold 2,551 shares of the firm’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $17.29, for a total transaction of $44,106.79. The disclosure for this sale can be found here. Insiders sold 230,582 shares of company stock worth $4,154,215 in the last 90 days. 6.10% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of the company. Renaissance Technologies LLC boosted its position in shares of Control4 Corporation by 135.8% in the first quarter. Renaissance Technologies LLC now owns 614,700 shares of the electronics maker’s stock valued at $9,706,000 after buying an additional 354,000 shares in the last quarter. Driehaus Capital Management LLC acquired a new position in shares of Control4 Corporation during the first quarter valued at $4,147,000. Acadian Asset Management LLC acquired a new position in shares of Control4 Corporation during the second quarter valued at $4,519,000. Dimensional Fund Advisors LP boosted its position in shares of Control4 Corporation by 110.7% in the first quarter. Dimensional Fund Advisors LP now owns 400,649 shares of the electronics maker’s stock valued at $6,326,000 after buying an additional 210,530 shares in the last quarter. Finally, Horizon Investment Services LLC acquired a new position in shares of Control4 Corporation during the first quarter valued at $1,991,000. Institutional investors own 75.15% of the company’s stock.
About Control4 Corporation
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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