Control4 Corporation (CTRL) Research Coverage Started at Maxim Group
Equities research analysts at Maxim Group started coverage on shares of Control4 Corporation (NASDAQ:CTRL) in a research note issued to investors on Thursday, May 11th, Marketbeat.com reports. The firm set a “hold” rating and a $19.00 price target on the electronics maker’s stock. Maxim Group’s price objective indicates a potential downside of 1.81% from the stock’s current price.
CTRL has been the subject of a number of other reports. Imperial Capital lifted their price target on shares of Control4 Corporation from $16.00 to $19.00 and gave the company an “in-line” rating in a research report on Monday, May 8th. S&P Equity Research raised shares of Control4 Corporation from a “market perform” rating to an “outperform” rating and set a $17.00 price objective on the stock in a research note on Friday, February 10th. Singular Research started coverage on shares of Control4 Corporation in a research note on Monday, April 17th. They issued a “buy” rating and a $21.00 price objective on the stock. Zacks Investment Research cut shares of Control4 Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, February 16th. Finally, Raymond James Financial, Inc. raised shares of Control4 Corporation from a “market perform” rating to an “outperform” rating and set a $17.00 target price on the stock in a research note on Friday, February 10th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Control4 Corporation presently has a consensus rating of “Buy” and an average target price of $19.29.
Shares of Control4 Corporation (CTRL) traded down 0.77% during midday trading on Thursday, reaching $19.35. The company’s stock had a trading volume of 432,429 shares. Control4 Corporation has a 12 month low of $7.79 and a 12 month high of $21.19. The stock’s 50-day moving average is $18.56 and its 200 day moving average is $14.63. The stock has a market capitalization of $471.00 million, a P/E ratio of 68.86 and a beta of -0.65.
Control4 Corporation (NASDAQ:CTRL) last issued its quarterly earnings data on Thursday, May 4th. The electronics maker reported ($0.01) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.07. Control4 Corporation had a net margin of 3.31% and a return on equity of 7.58%. The firm had revenue of $50.20 million during the quarter, compared to the consensus estimate of $47.29 million. During the same period last year, the business posted $0.04 earnings per share. The business’s revenue for the quarter was up 16.7% compared to the same quarter last year. On average, analysts expect that Control4 Corporation will post $0.95 earnings per share for the current fiscal year.
In other news, SVP Jefferson Dungan sold 28,044 shares of the company’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $19.98, for a total transaction of $560,319.12. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Greg Bishop sold 12,500 shares of the company’s stock in a transaction dated Wednesday, March 29th. The shares were sold at an average price of $16.00, for a total transaction of $200,000.00. Following the transaction, the insider now owns 26,795 shares in the company, valued at approximately $428,720. The disclosure for this sale can be found here. In the last 90 days, insiders sold 243,082 shares of company stock worth $4,354,215. 6.10% of the stock is owned by company insiders.
Several large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. purchased a new stake in shares of Control4 Corporation during the third quarter worth about $1,293,000. Hancock Holding Co. purchased a new stake in shares of Control4 Corporation during the first quarter worth about $189,000. Two Sigma Investments LP increased its stake in shares of Control4 Corporation by 64.9% in the fourth quarter. Two Sigma Investments LP now owns 114,938 shares of the electronics maker’s stock worth $1,172,000 after buying an additional 45,223 shares during the last quarter. Renaissance Technologies LLC increased its position in Control4 Corporation by 55.5% in the fourth quarter. Renaissance Technologies LLC now owns 260,700 shares of the electronics maker’s stock worth $2,659,000 after buying an additional 93,000 shares in the last quarter. Finally, G2 Investment Partners Management LLC increased its position in Control4 Corporation by 20.2% in the third quarter. G2 Investment Partners Management LLC now owns 90,385 shares of the electronics maker’s stock worth $1,110,000 after buying an additional 15,176 shares in the last quarter. 75.06% of the stock is owned by institutional investors.
About Control4 Corporation
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.
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