Control4 (CTRL) Downgraded by BidaskClub to Sell

BidaskClub downgraded shares of Control4 (NASDAQ:CTRL) from a hold rating to a sell rating in a research note released on Saturday morning.

Other equities research analysts have also issued research reports about the stock. Zacks Investment Research raised shares of Control4 from a hold rating to a buy rating and set a $39.00 target price on the stock in a research note on Wednesday, September 26th. Cowen set a $40.00 target price on shares of Control4 and gave the company a buy rating in a research note on Monday, September 10th. DA Davidson lifted their target price on shares of Control4 to $38.00 and gave the company a buy rating in a research note on Thursday, September 6th. ValuEngine raised shares of Control4 from a hold rating to a buy rating in a research note on Friday, August 3rd. Finally, Roth Capital set a $32.00 target price on shares of Control4 and gave the company a buy rating in a research note on Friday, August 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. Control4 has an average rating of Buy and a consensus price target of $35.00.

Shares of CTRL opened at $25.96 on Friday. The stock has a market cap of $682.66 million, a PE ratio of 28.43, a P/E/G ratio of 2.45 and a beta of -0.03. Control4 has a 1-year low of $20.50 and a 1-year high of $37.62.

Control4 (NASDAQ:CTRL) last announced its earnings results on Thursday, August 2nd. The electronics maker reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.21. The firm had revenue of $69.20 million for the quarter, compared to analyst estimates of $68.02 million. Control4 had a net margin of 7.21% and a return on equity of 15.03%. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.32 EPS. On average, sell-side analysts forecast that Control4 will post 0.93 earnings per share for the current fiscal year.

In related news, SVP Susan Cashen sold 7,335 shares of Control4 stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $31.64, for a total transaction of $232,079.40. Following the completion of the transaction, the senior vice president now directly owns 1,416 shares of the company’s stock, valued at approximately $44,802.24. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Martin Plaehn sold 110,000 shares of Control4 stock in a transaction dated Thursday, August 9th. The shares were sold at an average price of $31.67, for a total transaction of $3,483,700.00. The disclosure for this sale can be found here. Insiders have sold a total of 541,475 shares of company stock worth $17,737,001 in the last ninety days. Insiders own 4.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of CTRL. Millennium Management LLC lifted its position in Control4 by 1,687.7% during the 1st quarter. Millennium Management LLC now owns 385,463 shares of the electronics maker’s stock valued at $8,280,000 after acquiring an additional 363,901 shares during the period. BlackRock Inc. lifted its position in Control4 by 9.9% during the 2nd quarter. BlackRock Inc. now owns 3,280,943 shares of the electronics maker’s stock valued at $79,760,000 after acquiring an additional 294,268 shares during the period. Systematic Financial Management LP lifted its position in Control4 by 42.5% during the 2nd quarter. Systematic Financial Management LP now owns 855,095 shares of the electronics maker’s stock valued at $20,787,000 after acquiring an additional 255,140 shares during the period. Dimensional Fund Advisors LP lifted its position in Control4 by 15.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,081,596 shares of the electronics maker’s stock valued at $23,233,000 after acquiring an additional 142,699 shares during the period. Finally, RPG Investment Advisory LLC purchased a new position in Control4 during the 2nd quarter valued at about $2,274,000. 79.06% of the stock is owned by institutional investors.

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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