Shares of Control4 Corp (NASDAQ:CTRL) have been given a consensus recommendation of “Hold” by the eleven research firms that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $33.00.
A number of research analysts have weighed in on CTRL shares. Cowen set a $40.00 target price on shares of Control4 and gave the stock a “buy” rating in a research note on Monday, September 10th. DA Davidson raised their target price on shares of Control4 to $38.00 and gave the stock a “buy” rating in a research note on Thursday, September 6th. BidaskClub lowered shares of Control4 from a “hold” rating to a “sell” rating in a research note on Tuesday, October 9th. Zacks Investment Research raised shares of Control4 from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research note on Wednesday, September 26th. Finally, Imperial Capital lowered shares of Control4 from an “outperform” rating to an “in-line” rating and set a $32.00 target price on the stock. in a research note on Tuesday, August 28th.
In other news, SVP Susan Cashen sold 7,071 shares of Control4 stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $36.84, for a total transaction of $260,495.64. Following the sale, the senior vice president now owns 2,049 shares of the company’s stock, valued at approximately $75,485.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Joshua D. Ellis sold 716 shares of Control4 stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $35.18, for a total transaction of $25,188.88. Following the sale, the general counsel now directly owns 2,186 shares in the company, valued at approximately $76,903.48. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 39,127 shares of company stock worth $988,874. Corporate insiders own 6.10% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. Rehmann Capital Advisory Group purchased a new stake in shares of Control4 during the 3rd quarter valued at approximately $536,000. Marshall Wace LLP acquired a new stake in Control4 in the 3rd quarter valued at approximately $3,727,000. Vanguard Group Inc. increased its holdings in Control4 by 9.1% in the 3rd quarter. Vanguard Group Inc. now owns 1,705,172 shares of the electronics maker’s stock valued at $58,538,000 after purchasing an additional 142,606 shares during the last quarter. Morgan Stanley increased its holdings in Control4 by 29.6% in the 3rd quarter. Morgan Stanley now owns 378,565 shares of the electronics maker’s stock valued at $12,996,000 after purchasing an additional 86,573 shares during the last quarter. Finally, Legal & General Group Plc increased its holdings in Control4 by 35.3% in the 3rd quarter. Legal & General Group Plc now owns 55,720 shares of the electronics maker’s stock valued at $1,910,000 after purchasing an additional 14,541 shares during the last quarter. 84.30% of the stock is currently owned by hedge funds and other institutional investors.
Control4 stock traded down $0.73 during midday trading on Monday, reaching $19.77. The company had a trading volume of 277,646 shares, compared to its average volume of 355,952. Control4 has a 12-month low of $19.58 and a 12-month high of $37.62. The firm has a market capitalization of $547.52 million, a PE ratio of 26.36, a P/E/G ratio of 1.90 and a beta of 0.27.
Control4 (NASDAQ:CTRL) last released its earnings results on Thursday, November 1st. The electronics maker reported $0.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.02. Control4 had a net margin of 7.22% and a return on equity of 14.94%. The business had revenue of $71.59 million for the quarter, compared to analyst estimates of $71.52 million. During the same period last year, the company posted $0.35 EPS. The business’s revenue was up 10.9% on a year-over-year basis. On average, equities analysts anticipate that Control4 will post 0.94 EPS for the current fiscal year.
Control4 Corp. engages in the provision of automation and control solutions. It offers networking systems to control lighting, entertainment, security, energy and other connected devices. The firm builds secure infrastructure to provide cloud-base services which includes remote customer system access.
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