Control4 Corporation (CTRL) Receives Average Rating of “Buy” from Brokerages
Control4 Corporation (NASDAQ:CTRL) has been given an average recommendation of “Buy” by the eleven research firms that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $21.88.
A number of research firms have weighed in on CTRL. Needham & Company LLC reaffirmed a “buy” rating and set a $27.00 price objective (up from $25.00) on shares of Control4 Corporation in a report on Monday, September 11th. Cowen and Company raised Control4 Corporation from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $22.00 to $30.00 in a report on Friday, September 8th. BidaskClub downgraded Control4 Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 22nd. Finally, Zacks Investment Research raised Control4 Corporation from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a report on Wednesday, August 9th.
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In other Control4 Corporation news, SVP Susan Cashen sold 1,768 shares of Control4 Corporation stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $22.87, for a total transaction of $40,434.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert Born sold 2,356 shares of Control4 Corporation stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $22.55, for a total value of $53,127.80. Following the sale, the director now directly owns 15,433 shares in the company, valued at $348,014.15. The disclosure for this sale can be found here. Insiders have sold 8,546 shares of company stock worth $194,603 over the last ninety days. Company insiders own 6.10% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in CTRL. Bank of New York Mellon Corp boosted its holdings in shares of Control4 Corporation by 638.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 729,785 shares of the electronics maker’s stock worth $14,311,000 after acquiring an additional 630,921 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Control4 Corporation by 100.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 802,857 shares of the electronics maker’s stock worth $15,744,000 after acquiring an additional 402,208 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Control4 Corporation by 135.8% in the 1st quarter. Renaissance Technologies LLC now owns 614,700 shares of the electronics maker’s stock worth $9,706,000 after acquiring an additional 354,000 shares in the last quarter. Driehaus Capital Management LLC acquired a new position in shares of Control4 Corporation in the 1st quarter worth approximately $4,147,000. Finally, Acadian Asset Management LLC acquired a new position in shares of Control4 Corporation in the 2nd quarter worth approximately $4,519,000. 74.27% of the stock is currently owned by institutional investors and hedge funds.
Control4 Corporation (CTRL) traded up 1.03% on Wednesday, reaching $30.38. The company’s stock had a trading volume of 375,601 shares. Control4 Corporation has a 52 week low of $9.97 and a 52 week high of $30.83. The firm has a market capitalization of $755.09 million, a PE ratio of 74.10 and a beta of -0.58. The stock’s 50 day moving average is $26.85 and its 200-day moving average is $21.11.
Control4 Corporation (NASDAQ:CTRL) last released its earnings results on Thursday, August 3rd. The electronics maker reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.09. Control4 Corporation had a return on equity of 10.77% and a net margin of 4.70%. The business had revenue of $61.40 million for the quarter, compared to the consensus estimate of $60.70 million. During the same period last year, the business earned $0.23 earnings per share. The firm’s revenue for the quarter was up 15.4% compared to the same quarter last year. Analysts predict that Control4 Corporation will post $1.04 EPS for the current year.
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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