Control4 Corporation (CTRL) Given Average Rating of “Buy” by Brokerages
Control4 Corporation (NASDAQ:CTRL) has received an average rating of “Buy” from the eleven brokerages that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $21.63.
CTRL has been the subject of a number of research reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $22.00 target price on shares of Control4 Corporation in a report on Wednesday, May 31st. BidaskClub cut shares of Control4 Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Zacks Investment Research raised shares of Control4 Corporation from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a report on Wednesday, August 9th. Cowen and Company set a $22.00 target price on shares of Control4 Corporation and gave the company a “hold” rating in a report on Friday, August 4th. Finally, Imperial Capital upped their target price on shares of Control4 Corporation from $16.00 to $19.00 and gave the company an “in-line” rating in a report on Monday, May 15th.
Shares of Control4 Corporation (CTRL) traded up 2.40% during midday trading on Friday, reaching $26.41. The company’s stock had a trading volume of 773,009 shares. The stock has a market capitalization of $656.42 million, a price-to-earnings ratio of 64.41 and a beta of -0.62. Control4 Corporation has a 52 week low of $9.97 and a 52 week high of $26.92. The company has a 50 day moving average of $23.63 and a 200-day moving average of $19.18.
Control4 Corporation (NASDAQ:CTRL) last announced its earnings results on Thursday, August 3rd. The electronics maker reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.09. Control4 Corporation had a net margin of 4.70% and a return on equity of 10.77%. The business had revenue of $61.40 million during the quarter, compared to analysts’ expectations of $60.70 million. During the same period in the prior year, the company earned $0.23 earnings per share. The business’s revenue was up 15.4% compared to the same quarter last year. Equities research analysts predict that Control4 Corporation will post $1.04 earnings per share for the current year.
In other news, SVP Susan Cashen sold 1,768 shares of the business’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $22.87, for a total transaction of $40,434.16. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert Born sold 2,356 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $22.55, for a total transaction of $53,127.80. Following 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. Over the last quarter, insiders have sold 8,546 shares of company stock worth $194,603. Company insiders own 6.10% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Hancock Holding Co. acquired a new position in shares of Control4 Corporation during the first quarter worth about $189,000. Airain ltd acquired a new position in shares of Control4 Corporation during the first quarter worth about $411,000. EAM Investors LLC increased its stake in shares of Control4 Corporation by 17.2% during the first quarter. EAM Investors LLC now owns 55,851 shares of the electronics maker’s stock worth $882,000 after acquiring an additional 8,179 shares during the period. TFS Capital LLC acquired a new position in shares of Control4 Corporation during the first quarter worth about $176,000. Finally, AXA acquired a new position in shares of Control4 Corporation during the first quarter worth about $204,000. Institutional investors and hedge funds own 74.27% of the company’s stock.
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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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