Control4 Corp. (CTRL) Given Average Recommendation of “Hold” by Analysts
Control4 Corp. (NASDAQ:CTRL) has been given an average rating of “Hold” by the seven research firms that are presently covering the stock. Seven equities research analysts have rated the stock with a hold recommendation. The average twelve-month target price among brokerages that have covered the stock in the last year is $8.25.
Several equities research analysts recently issued reports on the stock. TheStreet raised shares of Control4 Corp. from a “sell” rating to a “hold” rating in a research report on Monday, August 1st. Zacks Investment Research raised shares of Control4 Corp. from a “strong sell” rating to a “hold” rating in a research report on Friday, October 7th.
Shares of Control4 Corp. (NASDAQ:CTRL) traded down 1.08% during trading on Wednesday, hitting $11.94. The stock had a trading volume of 108,704 shares. The firm has a market cap of $278.20 million, a price-to-earnings ratio of 37.20 and a beta of -1.09. The stock has a 50-day moving average of $11.49 and a 200 day moving average of $9.12. Control4 Corp. has a 12-month low of $5.41 and a 12-month high of $12.60.
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Control4 Corp. (NASDAQ:CTRL) last released its earnings results on Thursday, August 4th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.05. Control4 Corp. had a net margin of 4.22% and a return on equity of 1.15%. The business had revenue of $53.20 million for the quarter, compared to analysts’ expectations of $50.44 million. During the same period last year, the company earned $0.16 earnings per share. The company’s quarterly revenue was up 19.3% on a year-over-year basis. On average, analysts predict 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 firm’s stock in a transaction that occurred on Friday, September 16th. The shares were 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 6.10% of the stock is currently owned by corporate insiders.
Several hedge funds have recently bought and sold shares of CTRL. Parametric Portfolio Associates LLC raised its stake 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. Schwab Charles Investment Management Inc. raised its stake in 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 in the last quarter. First Trust Advisors LP raised its stake in Control4 Corp. by 7.7% in the second quarter. First Trust Advisors LP now owns 16,571 shares of the company’s stock worth $135,000 after buying an additional 1,189 shares in the last quarter. Genesee Valley Trust Co. raised its stake in Control4 Corp. by 8.3% in the second quarter. Genesee Valley Trust Co. now owns 23,725 shares of the company’s stock worth $194,000 after buying an additional 1,825 shares in the last quarter. Finally, BlackRock Advisors LLC raised its stake in Control4 Corp. by 37.5% in the second quarter. BlackRock Advisors LLC now owns 14,351 shares of the company’s stock worth $117,000 after buying an additional 3,914 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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