Control4 Corp. (CTRL) Rating Increased 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 report issued to clients and investors 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. “
CTRL has been the subject of a number of other research reports. TheStreet raised shares of Control4 Corp. from a “sell” rating to a “hold” rating in a research note on Monday, August 1st. Needham & Company LLC reissued a “hold” rating on shares of Control4 Corp. in a research note on Friday, June 10th. Seven investment analysts have rated the stock with a hold rating, Control4 Corp. 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 during mid-day trading on Friday. The stock had a trading volume of 438,285 shares. The company has a market cap of $286.12 million, a P/E ratio of 38.26 and a beta of -1.09. The firm’s 50-day moving average price is $11.43 and its 200 day moving average price is $9.03. Control4 Corp. has a 12 month low of $5.41 and a 12 month high of $12.60.
Control4 Corp. (NASDAQ:CTRL) last released its earnings results on Thursday, August 4th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. The business earned $53.20 million during the quarter, compared to analysts’ expectations of $50.44 million. Control4 Corp. had a net margin of 4.22% and a return on equity of 1.15%. The company’s quarterly revenue was up 19.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.16 earnings per share. On average, equities research analysts anticipate that Control4 Corp. will post $0.74 earnings per share for the current fiscal year.
In related news, SVP Jefferson Dungan sold 20,032 shares of the business’s stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $10.82, for a total transaction of $216,746.24. Following the transaction, the senior vice president now directly owns 48,076 shares in the company, valued at $520,182.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 6.10% of the company’s stock.
A number of institutional investors have recently bought and sold shares of CTRL. BlackRock Advisors LLC raised its position in Control4 Corp. by 37.5% in the second quarter. BlackRock Advisors LLC now owns 14,351 shares of the company’s stock valued at $117,000 after buying an additional 3,914 shares during the last quarter. BlackRock Inc. raised 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 valued at $121,000 after buying an additional 13,604 shares during the last quarter. First Trust Advisors LP raised its position in Control4 Corp. by 7.7% in the second quarter. First Trust Advisors LP now owns 16,571 shares of the company’s stock valued at $135,000 after buying an additional 1,189 shares during the last quarter. FNY Managed Accounts LLC purchased a new position in Control4 Corp. during the second quarter valued at $184,000. Finally, Genesee Valley Trust Co. raised its position in Control4 Corp. by 8.3% in the second quarter. Genesee Valley Trust Co. now owns 23,725 shares of the company’s stock valued at $194,000 after buying an additional 1,825 shares during the last quarter. Institutional investors own 74.84% of the company’s stock.
About Control4 Corp.
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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