Control4 (CTRL) Rating Lowered to Hold at Zacks Investment Research

Control4 (NASDAQ:CTRL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

According to Zacks, “Control4 Corporation is engaged in providing automation and control solutions for the connected home. The Company offers home operating system that interacts with various music, video, lighting, temperature, security, and communications. It also provides 4Sight subscription services, which allow consumers to control and monitor their homes remotely from their smartphone, tablet, or laptop. Control4 Corporation is headquartered in Salt Lake City, Utah. “

Other research analysts have also recently issued research reports about the stock. Cowen set a $30.00 target price on shares of Control4 and gave the company a “buy” rating in a research note on Wednesday, November 1st. Needham & Company LLC restated a “buy” rating and set a $27.00 target price (up previously from $25.00) on shares of Control4 in a research note on Monday, September 11th. BidaskClub upgraded shares of Control4 from a “hold” rating to a “buy” rating in a research note on Wednesday, December 20th. Maxim Group restated a “hold” rating and set a $33.00 target price on shares of Control4 in a research note on Friday, November 3rd. Finally, UBS Group cut shares of Control4 from an “outperform” rating to a “market perform” rating in a research note on Friday, November 3rd. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Control4 presently has an average rating of “Buy” and an average price target of $25.50.

Control4 (NASDAQ:CTRL) traded up $0.48 on Wednesday, hitting $30.35. 478,079 shares of the company were exchanged, compared to its average volume of 495,159. Control4 has a 52 week low of $10.30 and a 52 week high of $35.99. The stock has a market cap of $754.37, a PE ratio of 57.26, a price-to-earnings-growth ratio of 2.45 and a beta of -0.51.

Control4 (NASDAQ:CTRL) last released its earnings results on Thursday, November 2nd. The electronics maker reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.20. Control4 had a net margin of 5.96% and a return on equity of 11.63%. The company had revenue of $64.70 million for the quarter, compared to analysts’ expectations of $63.59 million. During the same quarter in the previous year, the company earned $0.26 EPS. Control4’s revenue for the quarter was up 17.2% on a year-over-year basis. equities research analysts predict that Control4 will post 0.68 EPS for the current fiscal year.

In other news, CEO Martin Plaehn sold 222,000 shares of the business’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $32.25, for a total value of $7,159,500.00. Following the sale, the chief executive officer now directly owns 169,257 shares in the company, valued at approximately $5,458,538.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Eric Anderson sold 14,384 shares of the business’s stock in a transaction dated Friday, December 28th. The stock was sold at an average price of $30.54, for a total transaction of $439,287.36. Following the completion of the sale, the senior vice president now owns 17,388 shares in the company, valued at $531,029.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 389,534 shares of company stock worth $12,639,835. Corporate insiders own 6.10% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Legal & General Group Plc increased its holdings in shares of Control4 by 11.7% in the 2nd quarter. Legal & General Group Plc now owns 5,506 shares of the electronics maker’s stock worth $107,000 after buying an additional 577 shares during the last quarter. Victory Capital Management Inc. bought a new stake in shares of Control4 in the 3rd quarter worth about $130,000. Teachers Retirement System of The State of Kentucky bought a new stake in shares of Control4 in the 3rd quarter worth about $183,000. Voya Investment Management LLC bought a new stake in shares of Control4 in the 2nd quarter worth about $213,000. Finally, Municipal Employees Retirement System of Michigan bought a new stake in shares of Control4 in the 3rd quarter worth about $215,000. Hedge funds and other 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.

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