Control4 (CTRL) Raised to “Hold” at Zacks Investment Research

Control4 (NASDAQ:CTRL) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued to 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. “

Several other equities research analysts have also recently commented on the company. Dougherty & Co reaffirmed a “neutral” rating on shares of Control4 in a research note on Monday. Maxim Group raised Control4 from a “hold” rating to a “buy” rating and raised their target price for the stock from $33.00 to $36.00 in a research note on Friday, February 9th. BidaskClub cut Control4 from a “sell” rating to a “strong sell” rating in a research note on Monday, February 5th. Imperial Capital raised their price objective on Control4 from $28.00 to $30.00 and gave the company an “in-line” rating in a research note on Tuesday, January 23rd. Finally, Cowen reissued a “buy” rating on shares of Control4 in a research note on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. Control4 presently has a consensus rating of “Hold” and an average price target of $30.67.

Control4 (NASDAQ CTRL) traded up $0.33 during midday trading on Wednesday, reaching $24.76. The company had a trading volume of 482,364 shares, compared to its average volume of 657,090. Control4 has a fifty-two week low of $13.95 and a fifty-two week high of $35.99. The firm has a market capitalization of $639.62, a PE ratio of 41.97, a P/E/G ratio of 2.13 and a beta of -0.60.

Control4 (NASDAQ:CTRL) last released its earnings results on Thursday, February 8th. The electronics maker reported $0.40 EPS for the quarter, topping the consensus estimate of $0.35 by $0.05. Control4 had a return on equity of 12.74% and a net margin of 6.53%. The business had revenue of $68.34 million during the quarter, compared to analysts’ expectations of $67.21 million. During the same quarter last year, the firm posted $0.31 earnings per share. The firm’s revenue was up 19.1% on a year-over-year basis. equities analysts expect that Control4 will post 0.77 EPS for the current year.

Control4 announced that its Board of Directors has approved a share buyback plan on Thursday, February 8th that permits the company to repurchase $20.00 million in shares. This repurchase authorization permits the electronics maker to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

In other Control4 news, Director Jeremy A. Jaech sold 12,801 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $34.48, for a total value of $441,378.48. Following the completion of the sale, the director now owns 31,002 shares of the company’s stock, valued at $1,068,948.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Greg Bishop sold 2,254 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $32.90, for a total value of $74,156.60. Following the completion of the sale, the insider now directly owns 15,961 shares of the company’s stock, valued at approximately $525,116.90. The disclosure for this sale can be found here. Insiders sold 50,397 shares of company stock valued at $1,612,471 in the last three months. Insiders own 6.10% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Cornerstone Capital Management Holdings LLC. acquired a new stake in Control4 in the third quarter valued at approximately $1,834,000. Schwab Charles Investment Management Inc. boosted its position in shares of Control4 by 39.1% during the third quarter. Schwab Charles Investment Management Inc. now owns 101,652 shares of the electronics maker’s stock valued at $2,995,000 after buying an additional 28,565 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Control4 by 58.7% during 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 during the last quarter. American International Group Inc. boosted its position in shares of Control4 by 23.6% during the third quarter. American International Group Inc. now owns 18,720 shares of the electronics maker’s stock valued at $551,000 after buying an additional 3,577 shares during the last quarter. Finally, PEAK6 Investments L.P. boosted its position in shares of Control4 by 386.0% during 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 during the last quarter. 75.53% of the stock is owned by hedge funds and other institutional investors.

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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.

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