Control4 Corp (CTRL) Lifted to “Hold” at Zacks Investment Research

Control4 Corp (NASDAQ:CTRL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday, April 18th.

According to Zacks, “Control4 Corporation is engaged in providing automation and control solutions for the connected home. The Company offers home operating system that interacts with various music, video, lighting, temperature, security, and communications. It also provides 4Sight subscription services, which allow consumers to control and monitor their homes remotely from their smartphone, tablet, or laptop. Control4 Corporation is headquartered in Salt Lake City, Utah. “

Several other analysts have also recently issued reports on the stock. Singular Research began coverage on shares of Control4 Corp in a research note on Monday, April 17th. They issued a “buy” rating and a $21.00 target price on the stock. Imperial Capital increased their target price on shares of Control4 Corp from $12.00 to $16.00 and gave the stock a “line” rating in a research note on Tuesday, February 14th. Raymond James Financial, Inc. upgraded shares of Control4 Corp from a “market perform” rating to an “outperform” rating and set a $17.00 price objective on the stock in a research report on Friday, February 10th. S&P Equity Research upgraded shares of Control4 Corp from a “market perform” rating to an “outperform” rating and set a $17.00 price objective on the stock in a research report on Friday, February 10th. Finally, TheStreet upgraded shares of Control4 Corp to a “buy” rating in a research report on Tuesday, December 20th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $18.83.

Analyst Recommendations for Control4 Corp (NASDAQ:CTRL)

Control4 Corp (NASDAQ:CTRL) traded down 2.04% on Tuesday, reaching $17.78. The company’s stock had a trading volume of 210,257 shares. The firm’s 50 day moving average is $16.59 and its 200-day moving average is $13.47. The firm has a market cap of $432.78 million, a P/E ratio of 63.27 and a beta of -0.97. Control4 Corp has a 12 month low of $7.37 and a 12 month high of $18.61.

Control4 Corp (NASDAQ:CTRL) last posted its earnings results on Thursday, May 4th. The electronics maker reported ($0.01) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.07. Control4 Corp had a net margin of 6.20% and a return on equity of 7.50%. The business had revenue of $50.20 million for the quarter, compared to analysts’ expectations of $47.29 million. During the same period in the prior year, the company posted $0.04 EPS. The business’s revenue for the quarter was up 16.7% compared to the same quarter last year. On average, equities research analysts anticipate that Control4 Corp will post $0.95 EPS for the current year.

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In other news, SVP Bryce Judd sold 2,551 shares of Control4 Corp stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $17.29, for a total transaction of $44,106.79. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Eric Anderson sold 25,454 shares of Control4 Corp stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $17.44, for a total transaction of $443,917.76. Following the sale, the senior vice president now directly owns 42,217 shares in the company, valued at approximately $736,264.48. The disclosure for this sale can be found here. In the last three months, insiders sold 210,448 shares of company stock worth $3,710,587. Insiders own 6.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. UBS Group AG boosted its position in shares of Control4 Corp by 6.3% in the first quarter. UBS Group AG now owns 7,727 shares of the electronics maker’s stock valued at $122,000 after buying an additional 458 shares during the period. Metropolitan Life Insurance Co. NY boosted its position in shares of Control4 Corp by 18.4% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 15,450 shares of the electronics maker’s stock valued at $158,000 after buying an additional 2,406 shares during the period. TFS Capital LLC purchased a new position in shares of Control4 Corp during the first quarter valued at about $176,000. Wells Fargo & Company MN boosted its position in shares of Control4 Corp by 173.0% in the third quarter. Wells Fargo & Company MN now owns 15,121 shares of the electronics maker’s stock valued at $186,000 after buying an additional 9,582 shares during the period. Finally, Hancock Holding Co. bought a new stake in shares of Control4 Corp during the first quarter worth approximately $189,000. 65.00% of the stock is owned by institutional investors and hedge funds.

Control4 Corp 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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