Control4 Corp (NASDAQ:CTRL) has earned an average recommendation of “Hold” from the six brokerages that are covering the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $16.67.
A number of equities analysts have weighed in on CTRL shares. TheStreet upgraded shares of Control4 Corp to a “buy” rating in a research report on Tuesday, December 20th. Zacks Investment Research lowered shares of Control4 Corp from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 9th. S&P Equity Research upgraded shares of Control4 Corp from a “market perform” rating to an “outperform” rating and set a $17.00 price target for the company in a research report on Friday, February 10th. Raymond James Financial, Inc. upgraded shares of Control4 Corp from a “market perform” rating to an “outperform” rating and set a $17.00 price target for the company in a research report on Friday, February 10th. Finally, Imperial Capital upped their price target on shares of Control4 Corp from $12.00 to $16.00 and gave the stock a “line” rating in a research report on Tuesday, February 14th.
In related news, insider Greg Bishop sold 4,167 shares of the company’s stock in a transaction on Tuesday, February 14th. The shares were sold at an average price of $14.34, for a total transaction of $59,754.78. Following the completion of the transaction, the insider now owns 14,295 shares in the company, valued at $204,990.30. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Jefferson Dungan sold 66,371 shares of the company’s stock in a transaction on Thursday, February 16th. The stock was sold at an average price of $15.19, for a total transaction of $1,008,175.49. Following the transaction, the senior vice president now owns 30,724 shares of the company’s stock, valued at approximately $466,697.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 118,574 shares of company stock valued at $1,777,678. 6.10% of the stock is owned by company insiders.
Several institutional investors have recently modified their holdings of the company. Schwab Charles Investment Management Inc. raised its position in shares of Control4 Corp by 1.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 54,547 shares of the company’s stock worth $446,000 after buying an additional 756 shares in the last quarter. Hamilton Lane Advisors LLC bought a new position in shares of Control4 Corp during the third quarter worth $774,000. CENTRAL TRUST Co bought a new position in shares of Control4 Corp during the third quarter worth $246,000. Wells Fargo & Company MN raised 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 company’s stock worth $186,000 after buying an additional 9,582 shares in the last quarter. Finally, Nordea Investment Management AB bought a new position in shares of Control4 Corp during the third quarter worth $543,000. Hedge funds and other institutional investors own 65.00% of the company’s stock.
Control4 Corp (NASDAQ:CTRL) opened at 15.30 on Tuesday. The company has a 50-day moving average of $13.95 and a 200-day moving average of $12.00. Control4 Corp has a 12 month low of $7.01 and a 12 month high of $16.02. The stock has a market cap of $366.16 million, a PE ratio of 28.87 and a beta of -0.97.
Control4 Corp (NASDAQ:CTRL) last posted its quarterly earnings results on Thursday, February 9th. The company reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.07. The business earned $57.40 million during the quarter, compared to analyst estimates of $54.55 million. Control4 Corp had a net margin of 6.20% and a return on equity of 7.50%. The company’s revenue was up 33.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.07 earnings per share. On average, equities analysts forecast that Control4 Corp will post $0.94 EPS for the current fiscal year.
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About Control4 Corp
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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