Control4 Corporation (CTRL) Lifted to “Outperform” at Cowen and Company
Cowen and Company upgraded shares of Control4 Corporation (NASDAQ:CTRL) from a market perform rating to an outperform rating in a report released on Friday, Marketbeat reports. Cowen and Company currently has $30.00 price target on the electronics maker’s stock, up from their prior price target of $22.00.
Other equities research analysts also recently issued reports about the company. BidaskClub downgraded Control4 Corporation from a strong-buy rating to a buy rating in a research report on Tuesday, August 22nd. Needham & Company LLC reiterated a buy rating and issued a $22.00 target price on shares of Control4 Corporation in a research report on Wednesday, May 31st. Zacks Investment Research upgraded Control4 Corporation from a hold rating to a buy rating and set a $25.00 target price on the stock in a research report on Wednesday, August 9th. Maxim Group started coverage on Control4 Corporation in a research report on Thursday, May 11th. They issued a hold rating and a $19.00 target price on the stock. Finally, Imperial Capital boosted their target price on Control4 Corporation from $16.00 to $19.00 and gave the stock an in-line rating in a research report on Monday, May 15th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Control4 Corporation has a consensus rating of Buy and an average target price of $21.88.
Control4 Corporation (NASDAQ:CTRL) opened at 27.08 on Friday. The stock has a market capitalization of $673.07 million, a PE ratio of 66.05 and a beta of -0.62. Control4 Corporation has a one year low of $9.97 and a one year high of $27.18. The company’s 50 day moving average price is $23.64 and its 200-day moving average price is $19.27.
Control4 Corporation (NASDAQ:CTRL) last posted its earnings results on Thursday, August 3rd. The electronics maker reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.09. The company had revenue of $61.40 million for the quarter, compared to the consensus estimate of $60.70 million. Control4 Corporation had a return on equity of 10.77% and a net margin of 4.70%. The firm’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.23 earnings per share. Analysts expect that Control4 Corporation will post $1.04 earnings per share for the current year.
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In other news, insider Greg Bishop sold 2,254 shares of the stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $22.83, for a total value of $51,458.82. Following the sale, the insider now directly owns 14,295 shares in the company, valued at $326,354.85. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Susan Cashen sold 1,768 shares of the stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $22.87, for a total value of $40,434.16. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,546 shares of company stock worth $194,603. Company insiders own 6.10% of the company’s stock.
A number of large investors have recently made changes to their positions in CTRL. Legal & General Group Plc grew its stake in Control4 Corporation by 11.7% in the second quarter. Legal & General Group Plc now owns 5,506 shares of the electronics maker’s stock worth $107,000 after purchasing an additional 577 shares in the last quarter. UBS Group AG grew its stake in Control4 Corporation by 6.3% in the first quarter. UBS Group AG now owns 7,727 shares of the electronics maker’s stock worth $122,000 after purchasing an additional 458 shares in the last quarter. Voya Investment Management LLC bought a new position in Control4 Corporation in the second quarter worth approximately $213,000. TFS Capital LLC bought a new position in Control4 Corporation in the first quarter worth approximately $176,000. Finally, Hancock Holding Co. bought a new position in Control4 Corporation in the first quarter worth approximately $189,000. 74.27% of the stock is currently owned by institutional investors.
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.
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