Control4 Corp (CTRL) Stock Rating Reaffirmed by Needham & Company LLC
Control4 Corp (NASDAQ:CTRL)‘s stock had its “buy” rating reiterated by equities researchers at Needham & Company LLC in a research report issued on Friday. They currently have a $30.00 price objective on the electronics maker’s stock. Needham & Company LLC’s price objective would suggest a potential downside of 4.85% from the company’s previous close.
A number of other research analysts have also weighed in on the company. Zacks Investment Research lowered Control4 Corp from a “strong-buy” rating to a “hold” rating in a report on Monday, July 10th. Cowen and Company raised Control4 Corp from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $22.00 to $30.00 in a report on Friday, September 8th. BidaskClub lowered Control4 Corp from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. UBS Group AG (USA) lowered Control4 Corp from an “outperform” rating to a “market perform” rating in a report on Friday. Finally, Maxim Group restated a “hold” rating and issued a $33.00 price target on shares of Control4 Corp in a research note on Friday. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Control4 Corp currently has a consensus rating of “Buy” and an average price target of $24.00.
Control4 Corp (CTRL) traded up $3.88 during mid-day trading on Friday, hitting $31.53. The company had a trading volume of 488,842 shares, compared to its average volume of 527,875. The firm has a market cap of $783.70 million, a price-to-earnings ratio of 42.54, a PEG ratio of 3.11 and a beta of -0.57. Control4 Corp has a 1-year low of $9.97 and a 1-year high of $34.10.
Control4 Corp (NASDAQ:CTRL) last posted its earnings results on Thursday, November 2nd. The electronics maker reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.20. The business had revenue of $64.70 million for the quarter, compared to analyst estimates of $63.59 million. Control4 Corp had a return on equity of 12.00% and a net margin of 5.96%. The firm’s revenue was up 17.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.26 EPS. sell-side analysts predict that Control4 Corp will post 0.59 EPS for the current fiscal year.
In other news, Director Robert Born sold 2,356 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $22.55, for a total transaction of $53,127.80. Following the completion of the sale, the director now directly owns 15,433 shares in the company, valued at approximately $348,014.15. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Susan Cashen sold 1,768 shares of the company’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $22.87, for a total value of $40,434.16. The disclosure for this sale can be found here. Insiders sold a total of 8,546 shares of company stock valued at $194,603 over the last 90 days. 6.10% of the stock is currently owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. bought a new stake in shares of Control4 Corp during the 3rd quarter valued at $130,000. Legal & General Group Plc lifted its position in shares of Control4 Corp by 11.7% during the 2nd quarter. Legal & General Group Plc now owns 5,506 shares of the electronics maker’s stock valued at $107,000 after acquiring an additional 577 shares during the period. UBS Group AG lifted its position in shares of Control4 Corp by 6.3% during the 1st quarter. UBS Group AG now owns 7,727 shares of the electronics maker’s stock valued at $122,000 after acquiring an additional 458 shares during the period. BNP Paribas Arbitrage SA lifted its position in shares of Control4 Corp by 293.5% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 10,341 shares of the electronics maker’s stock valued at $305,000 after acquiring an additional 7,713 shares during the period. Finally, Voya Investment Management LLC bought a new stake in shares of Control4 Corp during the 2nd quarter valued at $213,000. Hedge funds and other institutional investors own 74.37% of the company’s stock.
Control4 Corp 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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