Control4 Corp. (CTRL) Given Average Recommendation of “Hold” by Analysts
Control4 Corp. (NASDAQ:CTRL) has been assigned an average rating of “Hold” from the seven brokerages that are presently covering the firm. Seven analysts have rated the stock with a hold rating. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $8.25.
CTRL has been the subject of a number of recent research reports. Zacks Investment Research raised Control4 Corp. from a “hold” rating to a “buy” rating and set a $9.75 target price for the company in a research note on Wednesday, July 20th. TheStreet raised Control4 Corp. from a “sell” rating to a “hold” rating in a research report on Monday, August 1st.
Shares of Control4 Corp. (NASDAQ:CTRL) traded down 1.08% during trading on Wednesday, reaching $11.94. 108,704 shares of the company’s stock traded hands. Control4 Corp. has a one year low of $5.41 and a one year high of $12.60. The company has a 50 day moving average price of $11.49 and a 200-day moving average price of $9.12. The stock has a market cap of $278.20 million, a P/E ratio of 37.20 and a beta of -1.09.
Control4 Corp. (NASDAQ:CTRL) last issued its earnings results 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. Control4 Corp. had a return on equity of 1.15% and a net margin of 4.22%. The business earned $53.20 million during the quarter, compared to the consensus estimate of $50.44 million. During the same period last year, the company earned $0.16 EPS. The company’s revenue for the quarter was up 19.3% on a year-over-year basis. On average, equities research 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 dated Friday, September 16th. The stock was sold at an average price of $10.82, for a total value of $216,746.24. Following the completion of the transaction, the senior vice president now directly owns 48,076 shares of the company’s stock, valued at approximately $520,182.32. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 6.10% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Advisors LLC increased its position in Control4 Corp. by 37.5% in the second quarter. BlackRock Advisors LLC now owns 14,351 shares of the company’s stock valued at $117,000 after buying an additional 3,914 shares in the last quarter. BlackRock Inc. increased its position in Control4 Corp. by 1,209.2% in the second quarter. BlackRock Inc. now owns 14,729 shares of the company’s stock valued at $121,000 after buying an additional 13,604 shares in the last quarter. First Trust Advisors LP increased its position in Control4 Corp. by 7.7% in the second quarter. First Trust Advisors LP now owns 16,571 shares of the company’s stock valued at $135,000 after buying an additional 1,189 shares in the last quarter. FNY Managed Accounts LLC purchased a new position in Control4 Corp. during the second quarter valued at $184,000. Finally, Genesee Valley Trust Co. increased its position in Control4 Corp. by 8.3% in the second quarter. Genesee Valley Trust Co. now owns 23,725 shares of the company’s stock valued at $194,000 after buying an additional 1,825 shares in the last quarter. 74.84% of the stock is 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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