Control4 Corporation (CTRL) Upgraded at Cowen and Company
Control4 Corporation (NASDAQ:CTRL) was upgraded by analysts at Cowen and Company from a “market perform” rating to an “outperform” rating in a research note issued to investors on Friday.
CTRL has been the topic of a number of other reports. BidaskClub lowered 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 upgraded shares of Control4 Corporation from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research note on Wednesday, August 9th. Maxim Group assumed coverage on shares of Control4 Corporation in a research note on Thursday, May 11th. They set a “hold” rating and a $19.00 target price on the stock. Finally, Imperial Capital upped their target price on shares of Control4 Corporation from $16.00 to $19.00 and gave the stock an “in-line” rating in a research note on Monday, May 15th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Control4 Corporation has an average rating of “Buy” and an average price target of $20.63.
Shares of Control4 Corporation (CTRL) traded up 2.6623% on Friday, hitting $26.4766. 234,657 shares of the stock were exchanged. Control4 Corporation has a 52-week low of $9.97 and a 52-week high of $26.58. The stock has a market cap of $658.08 million, a PE ratio of 64.5771 and a beta of -0.62. The company’s 50 day moving average is $23.54 and its 200-day moving average is $19.12.
Control4 Corporation (NASDAQ:CTRL) last released its earnings results on Thursday, August 3rd. The electronics maker reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.09. Control4 Corporation had a net margin of 4.70% and a return on equity of 10.77%. The firm had revenue of $61.40 million for the quarter, compared to analyst estimates of $60.70 million. During the same period in the prior year, the firm earned $0.23 earnings per share. The business’s quarterly revenue was up 15.4% compared to the same quarter last year. Analysts predict that Control4 Corporation will post $1.04 EPS for the current fiscal year.
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In other Control4 Corporation news, insider Greg Bishop sold 2,254 shares of the stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $22.83, for a total value of $51,458.82. Following the transaction, the insider now directly owns 14,295 shares in the company, valued at $326,354.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert Born sold 2,356 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $22.55, for a total transaction of $53,127.80. Following the completion of the transaction, the director now owns 15,433 shares in the company, valued at $348,014.15. The disclosure for this sale can be found here. Insiders sold 8,546 shares of company stock worth $194,603 over the last quarter. 6.10% of the stock is currently owned by insiders.
A number of institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC increased its stake in Control4 Corporation by 38.3% in the second quarter. Renaissance Technologies LLC now owns 850,400 shares of the electronics maker’s stock valued at $16,676,000 after purchasing an additional 235,700 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Control4 Corporation by 6.2% in the second quarter. Vanguard Group Inc. now owns 849,627 shares of the electronics maker’s stock valued at $16,661,000 after acquiring an additional 49,595 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Control4 Corporation by 100.4% in the second quarter. Dimensional Fund Advisors LP now owns 802,857 shares of the electronics maker’s stock valued at $15,744,000 after acquiring an additional 402,208 shares during the period. Lord Abbett & CO. LLC boosted its holdings in shares of Control4 Corporation by 11.3% in the second quarter. Lord Abbett & CO. LLC now owns 800,964 shares of the electronics maker’s stock valued at $15,707,000 after acquiring an additional 81,180 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Control4 Corporation by 638.2% in the second quarter. Bank of New York Mellon Corp now owns 729,785 shares of the electronics maker’s stock valued at $14,311,000 after acquiring an additional 630,921 shares during the period. Institutional investors own 74.27% of the company’s stock.
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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