Control4 Corp. (CTRL) Upgraded to “Hold” by Zacks Investment Research
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 analysts also recently issued reports about the company. Needham & Company LLC reissued a hold rating on shares of Control4 Corp. in a research report on Friday, June 10th. TheStreet upgraded Control4 Corp. from a sell rating to a hold rating in a report on Monday, August 1st. Seven analysts have rated the stock with a hold rating, The company has an average rating of Hold and a consensus price target of $8.55.
Shares of Control4 Corp. (NASDAQ:CTRL) traded down 1.3575% during trading on Friday, reaching $12.1133. 87,876 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $11.46 and a 200 day moving average price of $9.06. The company has a market capitalization of $282.24 million, a P/E ratio of 37.7361 and a beta of -1.09. Control4 Corp. has a 12-month low of $5.41 and a 12-month high of $12.60.
Control4 Corp. (NASDAQ:CTRL) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. The firm earned $53.20 million during the quarter, compared to the consensus estimate of $50.44 million. Control4 Corp. had a return on equity of 1.15% and a net margin of 4.22%. The company’s quarterly revenue was up 19.3% on a year-over-year basis. During the same period last year, the company earned $0.16 EPS. Equities analysts expect that Control4 Corp. will post $0.74 EPS for the current fiscal year.
In other Control4 Corp. news, SVP Jefferson Dungan sold 20,032 shares of Control4 Corp. stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $10.82, for a total transaction of $216,746.24. Following the transaction, the senior vice president now owns 48,076 shares of the company’s stock, valued at $520,182.32. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 6.10% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. G2 Investment Partners Management LLC purchased a new position in Control4 Corp. during the second quarter valued at approximately $614,000. Jacobs Levy Equity Management Inc. bought a new position in Control4 Corp. during the first quarter worth about $524,000. Emerald Acquisition Ltd. bought a new position in Control4 Corp. during the second quarter worth about $501,000. Renaissance Technologies LLC bought a new position in Control4 Corp. during the first quarter worth about $275,000. Finally, Royal Bank of Canada bought a new position in Control4 Corp. during the first quarter worth about $224,000. 74.84% of the stock is currently owned by institutional investors.
Control4 Corp. Company Profile
Control4 Corporation (Control4) is a provider of automation and control solutions for the connected home. The Company provides its consumers with the ability to integrate audio, video, lighting, temperature, security, communications and other functionalities into a unified home-automation solution. The Company’s solution functions as the operating system of the home, making connected devices work together to control, automate and personalize the homes and businesses of its consumers.
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