Control4 (CTRL) Downgraded by BidaskClub

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

Other equities analysts have also issued reports about the company. Zacks Investment Research raised Control4 from a hold rating to a buy rating and set a $39.00 target price on the stock in a research report on Wednesday, September 26th. Cowen set a $40.00 target price on Control4 and gave the stock a buy rating in a research report on Monday, September 10th. DA Davidson upped their target price on Control4 to $38.00 and gave the stock a buy rating in a research report on Thursday, September 6th. ValuEngine lowered Control4 from a buy rating to a hold rating in a research report on Tuesday, October 2nd. Finally, Imperial Capital set a $24.00 target price on Control4 and gave the stock a hold rating in a research report on Tuesday, November 6th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. Control4 has an average rating of Hold and a consensus price target of $33.75.

Control4 stock opened at $18.29 on Thursday. The company has a market cap of $488.49 million, a price-to-earnings ratio of 24.39, a price-to-earnings-growth ratio of 1.69 and a beta of 0.27. Control4 has a 52-week low of $18.25 and a 52-week high of $37.62.

Control4 (NASDAQ:CTRL) last posted its quarterly earnings results on Thursday, November 1st. The electronics maker reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.02. The firm had revenue of $71.59 million for the quarter, compared to analysts’ expectations of $71.52 million. Control4 had a return on equity of 14.94% and a net margin of 7.22%. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.35 EPS. On average, sell-side analysts anticipate that Control4 will post 0.94 earnings per share for the current fiscal year.

In other news, CEO Martin Plaehn sold 9,744 shares of the company’s stock in a transaction that occurred on Tuesday, November 20th. The stock was sold at an average price of $20.36, for a total transaction of $198,387.84. Following the transaction, the chief executive officer now directly owns 112,779 shares of the company’s stock, valued at $2,296,180.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Susan Cashen sold 7,522 shares of the company’s stock in a transaction that occurred on Tuesday, November 6th. The stock was sold at an average price of $23.07, for a total value of $173,532.54. Following the transaction, the senior vice president now directly owns 5,022 shares in the company, valued at $115,857.54. The disclosure for this sale can be found here. Insiders have sold 38,411 shares of company stock worth $963,685 over the last ninety days. 4.40% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in Control4 by 19.9% in the 3rd quarter. BlackRock Inc. now owns 3,934,607 shares of the electronics maker’s stock valued at $135,075,000 after buying an additional 653,664 shares during the last quarter. Vanguard Group Inc raised its position 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 buying an additional 142,606 shares during the last quarter. Vanguard Group Inc. raised its position 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 buying an additional 142,606 shares during the last quarter. Bank of New York Mellon Corp raised its position in Control4 by 0.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,368,747 shares of the electronics maker’s stock valued at $33,275,000 after buying an additional 5,806 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Control4 by 4.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,124,332 shares of the electronics maker’s stock valued at $38,598,000 after buying an additional 52,800 shares during the last quarter. 84.30% of the stock is owned by institutional investors and hedge funds.

About Control4

Control4 Corporation provides smart home and business solutions in the United States, Canada, and internationally. The company offers Control4 solution that functions as the operating system of the home, integrating audio, video, lighting, temperature, security, communications, and other devices into a unified automation solution.

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Analyst Recommendations for Control4 (NASDAQ:CTRL)

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