Zacks Investment Research Lowers Control4 (NASDAQ:CTRL) to Hold

Zacks Investment Research downgraded shares of Control4 (NASDAQ:CTRL) from a buy rating to a hold rating in a research report released on Wednesday morning, Zacks.com reports.

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. “

A number of other analysts have also recently weighed in on CTRL. Roth Capital set a $10.00 target price on shares of Savara and gave the stock a hold rating in a research note on Tuesday, May 14th. BidaskClub raised shares of Misonix from a buy rating to a strong-buy rating in a research note on Wednesday, July 3rd. ValuEngine raised shares of VESTAS WIND SYS/ADR from a hold rating to a buy rating in a research note on Thursday, May 9th. DA Davidson cut shares of Control4 from a buy rating to a neutral rating and decreased their target price for the stock from $33.00 to $24.00 in a research note on Thursday, May 9th. Finally, Maxim Group cut shares of Control4 from a buy rating to a hold rating in a research note on Monday, May 13th. One analyst has rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. Control4 currently has an average rating of Hold and an average price target of $27.57.

Shares of CTRL opened at $23.80 on Wednesday. Control4 has a one year low of $15.59 and a one year high of $37.62. The firm has a market capitalization of $637.82 million, a P/E ratio of 24.79, a P/E/G ratio of 2.25 and a beta of 0.40. The company has a current ratio of 3.89, a quick ratio of 2.74 and a debt-to-equity ratio of 0.04. The company’s 50 day moving average price is $23.71.

Control4 (NASDAQ:CTRL) last announced its quarterly earnings data on Thursday, May 9th. The electronics maker reported $0.13 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.17. The business had revenue of $60.43 million during the quarter, compared to the consensus estimate of $61.64 million. Control4 had a net margin of 14.94% and a return on equity of 12.56%. The company’s revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.21 earnings per share. Equities analysts expect that Control4 will post 0.71 earnings per share for the current year.

In related news, Director Phil Molyneux sold 23,374 shares of the business’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $23.74, for a total value of $554,898.76. Following the sale, the director now owns 42,347 shares of the company’s stock, valued at $1,005,317.78. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Robert Born sold 3,570 shares of the business’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $23.64, for a total transaction of $84,394.80. Following the completion of the sale, the director now directly owns 17,867 shares in the company, valued at approximately $422,375.88. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,944 shares of company stock worth $686,674. Insiders own 2.90% of the company’s stock.

Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. grew its stake in shares of Control4 by 0.3% in the fourth quarter. BlackRock Inc. now owns 3,946,426 shares of the electronics maker’s stock worth $69,457,000 after purchasing an additional 11,819 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Control4 by 6.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,197,634 shares of the electronics maker’s stock worth $21,078,000 after purchasing an additional 73,302 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Control4 by 3.6% in the fourth quarter. Bank of America Corp DE now owns 655,915 shares of the electronics maker’s stock worth $11,543,000 after purchasing an additional 22,555 shares during the last quarter. Spark Investment Management LLC grew its stake in shares of Control4 by 67.3% in the first quarter. Spark Investment Management LLC now owns 526,800 shares of the electronics maker’s stock worth $8,918,000 after purchasing an additional 212,000 shares during the last quarter. Finally, Stifel Financial Corp grew its stake in shares of Control4 by 36.2% in the fourth quarter. Stifel Financial Corp now owns 417,888 shares of the electronics maker’s stock worth $7,334,000 after purchasing an additional 111,016 shares during the last quarter. 78.94% of the stock is currently owned by institutional investors.

Control4 Company Profile

Control4 Corporation provides smart home and business solutions in the United States, Australia, Canada, China, Germany, the United Kingdom, 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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