Control4 Corp (CTRL) Given Average Rating of “Buy” by Brokerages

Control4 Corp (NASDAQ:CTRL) has been assigned a consensus recommendation of “Buy” from the ten analysts that are covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $22.83.

A number of brokerages have issued reports on CTRL. Maxim Group reissued a “hold” rating and issued a $33.00 target price on shares of Control4 in a research report on Friday, November 3rd. UBS Group lowered Control4 from an “outperform” rating to a “market perform” rating in a report on Friday, November 3rd. Zacks Investment Research raised Control4 from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a report on Wednesday, November 8th. BidaskClub raised Control4 from a “hold” rating to a “buy” rating in a report on Wednesday, December 20th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $30.00 target price on shares of Control4 in a report on Friday, November 3rd.

In other news, CEO Martin Plaehn sold 117,137 shares of the stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $33.02, for a total transaction of $3,867,863.74. Following the completion of the sale, the chief executive officer now owns 169,257 shares in the company, valued at $5,588,866.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Eric Anderson sold 14,384 shares of the 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 sale, the senior vice president now owns 17,388 shares of the company’s stock, valued at approximately $531,029.52. The disclosure for this sale can be found here. Insiders sold 389,534 shares of company stock valued at $12,639,835 in the last 90 days. 6.10% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Cornerstone Capital Management Holdings LLC. purchased a new position in Control4 during the third quarter worth about $1,834,000. Russell Investments Group Ltd. increased its holdings in Control4 by 58.7% in the third quarter. Russell Investments Group Ltd. now owns 95,657 shares of the electronics maker’s stock valued at $2,818,000 after buying an additional 35,365 shares in the last quarter. State Street Corp increased its holdings in Control4 by 20.2% in the second quarter. State Street Corp now owns 341,024 shares of the electronics maker’s stock valued at $6,689,000 after buying an additional 57,425 shares in the last quarter. PEAK6 Investments L.P. increased its holdings in Control4 by 386.0% in the third quarter. PEAK6 Investments L.P. now owns 93,172 shares of the electronics maker’s stock valued at $2,745,000 after buying an additional 74,000 shares in the last quarter. Finally, Lord Abbett & CO. LLC increased its holdings in Control4 by 11.3% in the second quarter. Lord Abbett & CO. LLC now owns 800,964 shares of the electronics maker’s stock valued at $15,707,000 after buying an additional 81,180 shares in the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.

Shares of Control4 (NASDAQ CTRL) traded up $0.12 during midday trading on Friday, reaching $30.87. The company’s stock had a trading volume of 390,100 shares, compared to its average volume of 440,875. The stock has a market capitalization of $777.24, a price-to-earnings ratio of 58.25, a price-to-earnings-growth ratio of 2.55 and a beta of -0.51. Control4 has a 52 week low of $10.60 and a 52 week high of $35.99.

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

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About Control4

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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