Control4 Corporation (NASDAQ:CTRL) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, November 8th. The firm currently has a $37.00 target price on the electronics maker’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 11.85% from the company’s current price.
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. “
Other equities analysts also recently issued research reports about the company. Maxim Group reiterated a “hold” rating and set a $33.00 price target on shares of Control4 Corporation in a report on Friday, November 3rd. UBS AG downgraded Control4 Corporation from an “outperform” rating to a “market perform” rating in a report on Friday, November 3rd. Needham & Company LLC reiterated a “buy” rating and set a $30.00 price target on shares of Control4 Corporation in a report on Friday, November 3rd. Cowen and Company set a $30.00 price target on Control4 Corporation and gave the company a “buy” rating in a report on Wednesday, November 1st. Finally, BidaskClub downgraded shares of Control4 Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 22nd. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Control4 Corporation has a consensus rating of “Buy” and a consensus target price of $25.50.
Control4 Corporation (NASDAQ:CTRL) traded down $1.36 during mid-day trading on Wednesday, reaching $33.08. 919,800 shares of the company’s stock were exchanged, compared to its average volume of 492,340. The stock has a market capitalization of $822.23, a price-to-earnings ratio of 50.89, a PEG ratio of 3.23 and a beta of -0.57. Control4 Corporation has a 52 week low of $10.08 and a 52 week high of $34.73.
Control4 Corporation (NASDAQ:CTRL) last released its quarterly earnings data on Thursday, November 2nd. The electronics maker reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.20. Control4 Corporation had a return on equity of 11.63% and a net margin of 5.96%. The firm had revenue of $64.70 million for the quarter, compared to the consensus estimate of $63.59 million. During the same quarter in the prior year, the company posted $0.26 earnings per share. The firm’s revenue was up 17.2% on a year-over-year basis. analysts anticipate that Control4 Corporation will post 0.68 earnings per share for the current fiscal year.
In related news, insider Greg Bishop sold 2,254 shares of Control4 Corporation stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $32.90, for a total value of $74,156.60. Following the completion of the sale, the insider now directly owns 15,961 shares in the company, valued at $525,116.90. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Martin Plaehn sold 222,000 shares of Control4 Corporation stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $32.25, for a total value of $7,159,500.00. Following the completion of the sale, the chief executive officer now owns 169,257 shares of the company’s stock, valued at $5,458,538.25. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 342,661 shares of company stock valued at $11,143,418. 6.10% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of the company. Legal & General Group Plc lifted its holdings in shares of Control4 Corporation by 11.7% during the 2nd quarter. Legal & General Group Plc now owns 5,506 shares of the electronics maker’s stock valued at $107,000 after purchasing an additional 577 shares in the last quarter. UBS Group AG lifted its stake in Control4 Corporation by 6.3% in the 1st quarter. UBS Group AG now owns 7,727 shares of the electronics maker’s stock valued at $122,000 after acquiring an additional 458 shares in the last quarter. Victory Capital Management Inc. bought a new stake in Control4 Corporation in the 3rd quarter valued at approximately $130,000. Teachers Retirement System of The State of Kentucky bought a new stake in Control4 Corporation in the 3rd quarter valued at approximately $183,000. Finally, American International Group Inc. lifted its stake in Control4 Corporation by 7.1% in the 1st quarter. American International Group Inc. now owns 12,377 shares of the electronics maker’s stock valued at $195,000 after acquiring an additional 822 shares in the last quarter. Institutional investors own 74.75% of the company’s stock.
Control4 Corporation 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.