Control4 (CTRL) Cut to “Strong Sell” at BidaskClub

BidaskClub lowered shares of Control4 (NASDAQ:CTRL) from a sell rating to a strong sell rating in a research note released on Wednesday.

A number of other research firms have also recently weighed in on CTRL. Dougherty & Co restated a neutral rating on shares of Control4 in a research note on Monday, February 12th. Raymond James Financial reiterated an outperform rating and set a $30.00 price objective on shares of Control4 in a research report on Monday, March 19th. Cowen reiterated a buy rating on shares of Control4 in a research report on Tuesday, January 9th. Zacks Investment Research cut Control4 from a buy rating to a hold rating in a research report on Wednesday, January 3rd. Finally, Imperial Capital increased their price objective on Control4 from $28.00 to $30.00 and gave the stock an in-line rating in a research report on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $29.13.

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NASDAQ:CTRL opened at $21.48 on Wednesday. Control4 has a 1-year low of $14.63 and a 1-year high of $35.99. The firm has a market capitalization of $558.93, a P/E ratio of 28.64, a price-to-earnings-growth ratio of 2.53 and a beta of -0.42.

Control4 (NASDAQ:CTRL) last posted its quarterly earnings results on Thursday, February 8th. The electronics maker reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $67.21 million. During the same quarter in the prior year, the business earned $0.31 EPS. The firm’s revenue for the quarter was up 19.1% on a year-over-year basis. equities analysts expect that Control4 will post 0.81 earnings per share for the current year.

Control4 declared that its board has authorized a stock repurchase program on Thursday, February 8th that permits the company to buyback $20.00 million in outstanding shares. This buyback authorization permits the electronics maker to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

In other news, SVP Bryce Judd sold 19,073 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $24.97, for a total transaction of $476,252.81. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Martin Plaehn sold 41,585 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $24.51, for a total value of $1,019,248.35. The disclosure for this sale can be found here. Insiders have sold a total of 157,335 shares of company stock worth $3,882,411 in the last quarter. Company insiders own 6.10% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CTRL. State Street Corp grew its holdings in shares of Control4 by 20.2% during the 2nd quarter. State Street Corp now owns 341,024 shares of the electronics maker’s stock worth $6,689,000 after purchasing an additional 57,425 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Control4 by 17.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,482 shares of the electronics maker’s stock worth $362,000 after purchasing an additional 2,740 shares in the last quarter. California State Teachers Retirement System grew its holdings in shares of Control4 by 9.4% during the 2nd quarter. California State Teachers Retirement System now owns 43,238 shares of the electronics maker’s stock worth $848,000 after purchasing an additional 3,700 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of Control4 by 20.0% during the 3rd quarter. First Trust Advisors LP now owns 40,998 shares of the electronics maker’s stock worth $1,208,000 after purchasing an additional 6,832 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Control4 during the 3rd quarter worth $1,383,000. 77.61% of the stock is currently owned by 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.

Analyst Recommendations for Control4 (NASDAQ:CTRL)

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