Control4 (NASDAQ:CTRL) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

A number of other equities analysts have also issued reports on the company. Zacks Investment Research raised Control4 from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a report on Wednesday, November 8th. Needham & Company LLC reissued a “buy” rating and issued a $30.00 price objective on shares of Control4 in a report on Friday, November 3rd. Maxim Group reissued a “hold” rating and issued a $33.00 price objective on shares of Control4 in a report on Friday, November 3rd. UBS lowered Control4 from an “outperform” rating to a “market perform” rating in a report on Friday, November 3rd. Finally, Cowen set a $30.00 price objective on Control4 and gave the stock a “buy” rating in a report on Wednesday, November 1st. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $25.50.

Shares of Control4 (NASDAQ CTRL) traded down $0.79 during mid-day trading on Thursday, reaching $30.24. The company had a trading volume of 482,602 shares, compared to its average volume of 532,937. Control4 has a 1-year low of $10.08 and a 1-year high of $35.99. The company has a market cap of $784.02, a price-to-earnings ratio of 47.74, a price-to-earnings-growth ratio of 3.03 and a beta of -0.51.

Control4 (NASDAQ:CTRL) last issued its quarterly earnings data on Thursday, November 2nd. The electronics maker reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.20. Control4 had a return on equity of 11.63% and a net margin of 5.96%. The business had revenue of $64.70 million during the quarter, compared to analyst estimates of $63.59 million. During the same period in the prior year, the company posted $0.26 EPS. The business’s revenue for the quarter was up 17.2% compared to the same quarter last year. equities research analysts forecast that Control4 will post 0.68 earnings per share for the current fiscal year.

In other news, insider Greg Bishop sold 2,254 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $32.90, for a total transaction of $74,156.60. Following the completion of the sale, the insider now owns 15,961 shares in the company, valued at approximately $525,116.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeremy A. Jaech sold 12,801 shares of the stock in a transaction on Monday, November 27th. The shares were sold at an average price of $34.48, for a total value of $441,378.48. Following the sale, the director now owns 31,002 shares of the company’s stock, valued at approximately $1,068,948.96. The disclosure for this sale can be found here. Insiders sold 360,766 shares of company stock valued at $11,761,260 over the last 90 days. 6.10% of the stock is currently owned by insiders.

Several large investors have recently made changes to their positions in the company. California Public Employees Retirement System lifted its position in shares of Control4 by 5.5% during the 3rd quarter. California Public Employees Retirement System now owns 58,741 shares of the electronics maker’s stock valued at $1,731,000 after acquiring an additional 3,041 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Control4 during the 3rd quarter valued at $293,000. Cornerstone Capital Management Holdings LLC. acquired a new stake in shares of Control4 during the 3rd quarter valued at $1,834,000. PEAK6 Investments L.P. lifted its position in shares of Control4 by 386.0% during the 3rd quarter. PEAK6 Investments L.P. now owns 93,172 shares of the electronics maker’s stock valued at $2,745,000 after acquiring an additional 74,000 shares during the last quarter. Finally, Stifel Financial Corp acquired a new stake in shares of Control4 during the 3rd quarter valued at $12,680,000. Institutional investors own 77.34% of the company’s stock.

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Control4 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.

Analyst Recommendations for Control4 (NASDAQ:CTRL)

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