Needham & Company LLC downgraded shares of Control4 (NASDAQ:CTRL) from a buy rating to a hold rating in a research note released on Tuesday morning, MarketBeat reports.

A number of other research firms also recently issued reports on CTRL. BidaskClub downgraded Control4 from a hold rating to a sell rating in a research report on Tuesday, October 9th. Imperial Capital reaffirmed an in-line rating and set a $32.00 price objective on shares of Control4 in a research report on Wednesday, November 7th. ValuEngine downgraded Control4 from a hold rating to a sell rating in a research report on Friday, November 2nd. Zacks Investment Research downgraded Control4 from a buy rating to a hold rating in a research report on Tuesday, November 13th. Finally, Cowen set a $30.00 price objective on Control4 and gave the company a buy rating in a research report on Sunday, November 18th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. Control4 has a consensus rating of Hold and an average price target of $28.13.

CTRL opened at $18.09 on Tuesday. Control4 has a 12-month low of $15.59 and a 12-month high of $37.62. The firm has a market cap of $489.33 million, a PE ratio of 18.84, a PEG ratio of 1.83 and a beta of 0.88.

Control4 (NASDAQ:CTRL) last posted its quarterly earnings results on Monday, February 4th. The electronics maker reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.02. Control4 had a return on equity of 14.53% and a net margin of 16.09%. The business had revenue of $72.50 million for the quarter, compared to the consensus estimate of $73.07 million. During the same quarter in the prior year, the company earned $0.40 EPS. The business’s revenue was up 6.5% compared to the same quarter last year. On average, research analysts forecast that Control4 will post 0.93 earnings per share for the current fiscal year.

In other Control4 news, SVP Bryce Judd sold 2,844 shares of the stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $21.79, for a total value of $61,970.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Susan Cashen sold 2,049 shares of the stock in a transaction dated Friday, January 11th. The shares were sold at an average price of $20.00, for a total value of $40,980.00. Following the completion of the sale, the senior vice president now owns 2,049 shares of the company’s stock, valued at $40,980. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 34,232 shares of company stock worth $689,530. 4.40% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. Harvest Fund Management Co. Ltd purchased a new stake in Control4 in the third quarter valued at about $129,000. Stratos Wealth Partners LTD. purchased a new stake in Control4 in the third quarter valued at about $139,000. Canandaigua National Bank & Trust Co. purchased a new stake in Control4 in the third quarter valued at about $203,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Control4 in the third quarter valued at about $214,000. Finally, Alta Capital Management LLC purchased a new stake in Control4 in the third quarter valued at about $223,000. Institutional investors own 82.79% of the company’s stock.

Control4 Company Profile

Control4 Corporation provides smart home and business solutions in the United States, Canada, and internationally. The company offers Control4 solution that functions as the operating system of the home, integrating audio, video, lighting, temperature, security, communications, and other devices into a unified automation solution.

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Analyst Recommendations for Control4 (NASDAQ:CTRL)

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