Control4 Corporation (CTRL) Rating Reiterated by Maxim Group
Control4 Corporation (NASDAQ:CTRL)‘s stock had its “hold” rating restated by research analysts at Maxim Group in a research note issued to investors on Friday. They currently have a $33.00 price target on the electronics maker’s stock. Maxim Group’s price objective suggests a potential upside of 4.66% from the company’s current price.
Other analysts have also issued research reports about the company. Cowen and Company set a $30.00 price objective on Control4 Corporation and gave the company a “buy” rating in a research note on Wednesday. BidaskClub lowered Control4 Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 22nd. Needham & Company LLC restated a “buy” rating and issued a $27.00 price objective (up previously from $25.00) on shares of Control4 Corporation in a research note on Monday, September 11th. Zacks Investment Research upgraded Control4 Corporation from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Wednesday, August 9th. Finally, UBS AG lowered Control4 Corporation from an “outperform” rating to a “market perform” rating in a research note on Friday. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Control4 Corporation currently has a consensus rating of “Buy” and an average target price of $24.00.
Shares of Control4 Corporation (CTRL) traded up $3.12 during midday trading on Friday, reaching $31.53. The company had a trading volume of 3,046,125 shares, compared to its average volume of 527,875. Control4 Corporation has a 1 year low of $10.08 and a 1 year high of $34.10. The firm has a market capitalization of $783.71, a PE ratio of 48.51, a PEG ratio of 3.54 and a beta of -0.57.
Control4 Corporation (NASDAQ:CTRL) last released its quarterly earnings data on Thursday, November 2nd. The electronics maker reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.20. The firm had revenue of $64.70 million for the quarter, compared to analyst estimates of $63.59 million. Control4 Corporation had a return on equity of 12.00% and a net margin of 5.96%. The business’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.26 earnings per share. equities analysts forecast that Control4 Corporation will post 0.59 earnings per share for the current year.
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In other news, insider Greg Bishop sold 2,254 shares of the stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $22.83, for a total transaction of $51,458.82. Following the transaction, the insider now owns 14,295 shares in the company, valued at $326,354.85. The sale was disclosed in a filing with the SEC, which is available 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 stock was sold at an average price of $22.55, for a total value of $53,127.80. Following the transaction, the director now owns 15,433 shares in the company, valued at approximately $348,014.15. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,546 shares of company stock worth $194,603. 6.10% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Legal & General Group Plc increased its stake in shares of Control4 Corporation by 11.7% during the second quarter. Legal & General Group Plc now owns 5,506 shares of the electronics maker’s stock worth $107,000 after purchasing an additional 577 shares during the period. UBS Group AG increased its stake in shares of Control4 Corporation by 6.3% during the first quarter. UBS Group AG now owns 7,727 shares of the electronics maker’s stock worth $122,000 after purchasing an additional 458 shares during the period. Victory Capital Management Inc. bought a new position in shares of Control4 Corporation during the third quarter worth approximately $130,000. American International Group Inc. increased its stake in shares of Control4 Corporation by 7.1% during the first quarter. American International Group Inc. now owns 12,377 shares of the electronics maker’s stock worth $195,000 after purchasing an additional 822 shares during the period. Finally, Voya Investment Management LLC bought a new position in shares of Control4 Corporation during the second quarter worth approximately $213,000. Institutional investors own 74.37% 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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