Control4 Corp. (CTRL) Lifted to Hold at Zacks Investment Research
Control4 Corp. (NASDAQ:CTRL) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued on Friday.
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 equities research analysts also recently weighed in on CTRL. Needham & Company LLC reissued a “hold” rating on shares of Control4 Corp. in a report on Friday, June 10th. TheStreet raised Control4 Corp. from a “sell” rating to a “hold” rating in a report on Monday, August 1st. Seven research analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and an average target price of $8.55.
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Control4 Corp. (NASDAQ:CTRL) remained flat at $12.28 on Friday. 438,285 shares of the stock were exchanged. Control4 Corp. has a one year low of $5.41 and a one year high of $12.60. The company’s 50 day moving average price is $11.43 and its 200 day moving average price is $9.03. The company has a market cap of $286.12 million, a P/E ratio of 38.26 and a beta of -1.09.
Control4 Corp. (NASDAQ:CTRL) last posted its earnings results on Thursday, August 4th. The company reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.05. Control4 Corp. had a return on equity of 1.15% and a net margin of 4.22%. The company earned $53.20 million during the quarter, compared to the consensus estimate of $50.44 million. During the same quarter last year, the firm earned $0.16 earnings per share. The company’s revenue was up 19.3% on a year-over-year basis. Equities research analysts forecast that Control4 Corp. will post $0.74 EPS for the current year.
In related news, SVP Jefferson Dungan sold 20,032 shares of the firm’s stock in a transaction on Friday, September 16th. The stock was sold at an average price of $10.82, for a total value of $216,746.24. Following the transaction, the senior vice president now owns 48,076 shares in the company, valued at $520,182.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.10% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Schwab Charles Investment Management Inc. boosted its position in shares of Control4 Corp. by 1.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 54,547 shares of the company’s stock worth $446,000 after buying an additional 756 shares during the last quarter. G2 Investment Partners Management LLC acquired a new position in Control4 Corp. during the second quarter worth about $614,000. Parametric Portfolio Associates LLC boosted its position in Control4 Corp. by 1.2% in the second quarter. Parametric Portfolio Associates LLC now owns 27,432 shares of the company’s stock worth $224,000 after buying an additional 323 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in Control4 Corp. by 3.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 332,863 shares of the company’s stock worth $2,716,000 after buying an additional 12,491 shares in the last quarter. Finally, BlackRock Inc. boosted its position in Control4 Corp. by 1,209.2% in the second quarter. BlackRock Inc. now owns 14,729 shares of the company’s stock worth $121,000 after buying an additional 13,604 shares in the last quarter. Institutional investors own 74.84% of the company’s stock.
Control4 Corp. Company Profile
Control4 Corporation (Control4) is a provider of automation and control solutions for the connected home. The Company provides its consumers with the ability to integrate audio, video, lighting, temperature, security, communications and other functionalities into a unified home-automation solution. The Company’s solution functions as the operating system of the home, making connected devices work together to control, automate and personalize the homes and businesses of its consumers.
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