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.

Control4 (NASDAQ:CTRL) last posted its earnings results on Thursday, November 2nd. The electronics maker reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.20. The firm had revenue of $64.70 million during the quarter, compared to the consensus estimate of $63.59 million. Control4 had a return on equity of 11.63% and a net margin of 5.96%. The company’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.26 EPS. equities analysts expect that Control4 will post 0.68 EPS for the current year.

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.

ILLEGAL ACTIVITY WARNING: This piece was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece on another website, it was illegally stolen and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2017/12/10/control4-ctrl-cut-to-hold-at-bidaskclub.html.

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.

Analyst Recommendations for Control4 (NASDAQ:CTRL)

Receive News & Stock Ratings for Control4 Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Control4 Corporation and related stocks with our FREE daily email newsletter.