Control4 (CTRL) Cut to Hold at BidaskClub
BidaskClub cut shares of Control4 (NASDAQ:CTRL) from a buy rating to a hold rating in a research report sent to investors on Thursday morning.
Other research analysts also recently issued reports about the company. Zacks Investment Research upgraded Control4 from a hold rating to a buy rating and set a $25.00 target price for the company in a research report on Wednesday, August 9th. Needham & Company LLC reiterated a buy rating and set a $25.00 target price (up from $22.00) on shares of Control4 in a research report on Wednesday, August 9th. Cowen set a $30.00 target price on Control4 and gave the company a buy rating in a research report on Wednesday, November 1st. Maxim Group restated a hold rating and issued a $33.00 price target on shares of Control4 in a research report on Friday, November 3rd. Finally, UBS downgraded Control4 from an outperform rating to a market perform rating in a research report on Friday, November 3rd. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Control4 currently has a consensus rating of Buy and a consensus target price of $25.50.
Control4 (NASDAQ CTRL) opened at $30.24 on Thursday. The company has a market capitalization of $764.07, a P/E ratio of 46.52, a PEG ratio of 2.95 and a beta of -0.51. Control4 has a 52-week low of $10.08 and a 52-week high of $35.99.
In related news, Director Jeremy A. Jaech sold 12,801 shares of the firm’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $34.48, for a total value of $441,378.48. Following the completion of the sale, the director now directly owns 31,002 shares in the company, valued at $1,068,948.96. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Greg Bishop sold 2,254 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $32.90, for a total value of $74,156.60. Following the completion of the sale, the insider now owns 15,961 shares of the company’s stock, valued at $525,116.90. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 360,766 shares of company stock valued at $11,761,260. 6.10% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. California Public Employees Retirement System increased its stake in Control4 by 5.5% in the third quarter. California Public Employees Retirement System now owns 58,741 shares of the electronics maker’s stock worth $1,731,000 after purchasing an additional 3,041 shares during the period. Janney Montgomery Scott LLC purchased a new stake in Control4 in the third quarter worth $293,000. Cornerstone Capital Management Holdings LLC. purchased a new stake in Control4 in the third quarter worth $1,834,000. PEAK6 Investments L.P. increased its stake in Control4 by 386.0% in the third quarter. PEAK6 Investments L.P. now owns 93,172 shares of the electronics maker’s stock worth $2,745,000 after purchasing an additional 74,000 shares during the period. Finally, Stifel Financial Corp purchased a new stake in Control4 in the third quarter worth $12,680,000. Institutional investors own 77.34% of the company’s stock.
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Control4 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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