Control4 Corporation (NASDAQ:CTRL) Receiving Favorable Media Coverage, Report Shows
Headlines about Control4 Corporation (NASDAQ:CTRL) have been trending positive this week, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Control4 Corporation earned a media sentiment score of 0.28 on Accern’s scale. Accern also gave news coverage about the electronics maker an impact score of 75 out of 100, indicating that recent news coverage is likely to have an effect on the stock’s share price in the next few days.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- Contrasting Universal Electronics (UEIC) and Control4 Corporation (NASDAQ:CTRL) (americanbankingnews.com)
- AU Optronics Corp. (AUO) has a worth of $3.92 per share; Control4 Corporation (CTRL) is stand at $22.86 – Stocks Gallery (stocksgallery.com)
- Taking a Deeper Look into the Moving Average For Control4 Corp (CTRL) – Evergreen Caller (evergreencaller.com)
- Ichimoku Levels Point to Positive Momentum For Control4 Corp (CTRL) – Financial News Review (finnewsreview.com)
- Control4 Corporation (NASDAQ:CTRL) Stock Traded Much Higher Than Its 50 Day Moving Average – First News 24 (firstnewspaper24.com)
Control4 Corporation (CTRL) traded up 1.34% during midday trading on Thursday, hitting $22.75. The company’s stock had a trading volume of 474,324 shares. The company has a market cap of $553.76 million, a PE ratio of 81.25 and a beta of -0.61. Control4 Corporation has a 52-week low of $8.50 and a 52-week high of $24.94. The stock has a 50 day moving average of $21.33 and a 200 day moving average of $17.04.
Control4 Corporation (NASDAQ:CTRL) last posted its quarterly earnings data on Thursday, May 4th. The electronics maker reported ($0.01) earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $50.20 million for the quarter, compared to analyst estimates of $47.29 million. During the same period in the prior year, the company posted $0.04 EPS. The firm’s revenue for the quarter was up 16.7% on a year-over-year basis. On average, equities analysts expect that Control4 Corporation will post $0.96 EPS for the current year.
Several research analysts have recently commented on CTRL shares. Needham & Company LLC reiterated a “buy” rating and set a $22.00 target price on shares of Control4 Corporation in a research note on Wednesday, May 31st. BidaskClub downgraded Control4 Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Zacks Investment Research upgraded Control4 Corporation from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Wednesday, May 10th. Singular Research initiated coverage on Control4 Corporation in a research note on Monday, April 17th. They set a “buy” rating and a $21.00 target price for the company. Finally, Maxim Group initiated coverage on Control4 Corporation in a research note on Thursday, May 11th. They issued a “hold” rating and a $19.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Control4 Corporation currently has a consensus rating of “Buy” and an average target price of $19.29.
In related news, SVP Eric Anderson sold 147,622 shares of the stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $17.78, for a total value of $2,624,719.16. Following the sale, the senior vice president now directly owns 51,597 shares of the company’s stock, valued at approximately $917,394.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Bryce Judd sold 2,551 shares of the stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $17.29, for a total transaction of $44,106.79. The disclosure for this sale can be found here. Insiders sold a total of 230,582 shares of company stock worth $4,154,215 over the last three months. 6.10% of the stock is currently owned by corporate insiders.
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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