Control4 Corp (NASDAQ:CTRL) insider Greg Bishop sold 2,178 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $25.58, for a total transaction of $55,713.24. Following the completion of the sale, the insider now owns 15,962 shares of the company’s stock, valued at $408,307.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Control4 Corp (NASDAQ CTRL) opened at $25.03 on Monday. Control4 Corp has a fifty-two week low of $14.39 and a fifty-two week high of $35.99. The stock has a market cap of $646.61, a PE ratio of 33.82, a price-to-earnings-growth ratio of 2.11 and a beta of -0.60.
Control4 (NASDAQ:CTRL) last released its quarterly earnings results on Thursday, February 8th. The electronics maker reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.05. Control4 had a net margin of 6.53% and a return on equity of 12.74%. The company had revenue of $68.34 million during the quarter, compared to analysts’ expectations of $67.21 million. During the same period in the prior year, the company earned $0.31 earnings per share. The business’s quarterly revenue was up 19.1% compared to the same quarter last year. equities analysts forecast that Control4 Corp will post 0.79 EPS for the current fiscal year.
Control4 announced that its board has initiated a share buyback plan on Thursday, February 8th that permits the company to buyback $20.00 million in shares. This buyback authorization permits the electronics maker to purchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
A number of hedge funds have recently added to or reduced their stakes in the business. MetLife Investment Advisors LLC bought a new stake in Control4 during the fourth quarter valued at about $316,000. Gotham Asset Management LLC bought a new stake in shares of Control4 in the fourth quarter valued at about $241,000. Municipal Employees Retirement System of Michigan lifted its stake in shares of Control4 by 202.7% in the fourth quarter. Municipal Employees Retirement System of Michigan now owns 22,100 shares of the electronics maker’s stock valued at $657,000 after buying an additional 14,800 shares during the period. Millennium Management LLC bought a new stake in shares of Control4 in the fourth quarter valued at about $642,000. Finally, Paloma Partners Management Co bought a new stake in shares of Control4 in the fourth quarter valued at about $837,000. Institutional investors own 76.03% of the company’s stock.
A number of brokerages recently issued reports on CTRL. Zacks Investment Research upgraded shares of Control4 from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 14th. BidaskClub cut shares of Control4 from a “hold” rating to a “sell” rating in a report on Friday, January 26th. Dougherty & Co restated a “neutral” rating on shares of Control4 in a report on Monday, February 12th. Cowen restated a “buy” rating on shares of Control4 in a report on Tuesday, January 9th. Finally, Maxim Group upgraded shares of Control4 from a “hold” rating to a “buy” rating and upped their price target for the company from $33.00 to $36.00 in a report on Friday, February 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $30.67.
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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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