Control4 Corporation (NASDAQ:CTRL) has been assigned an average recommendation of “Buy” from the eleven analysts that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $21.88.
A number of analysts have recently weighed in on CTRL shares. Zacks Investment Research cut Control4 Corporation from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 10th. Needham & Company LLC restated a “buy” rating and issued a $27.00 target price (up previously from $25.00) on shares of Control4 Corporation in a research note on Monday. Cowen and Company set a $22.00 target price on Control4 Corporation and gave the stock a “hold” rating in a research note on Friday, August 4th. Finally, BidaskClub lowered Control4 Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 22nd.
In other news, SVP Susan Cashen sold 1,768 shares of the company’s stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $22.87, for a total transaction of $40,434.16. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robert Born sold 2,356 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $22.55, for a total value of $53,127.80. Following the sale, the director now directly owns 15,433 shares in the company, valued at approximately $348,014.15. The disclosure for this sale can be found here. In the last three months, insiders sold 8,546 shares of company stock worth $194,603. 6.10% of the stock is owned by corporate insiders.
Hedge funds have recently modified their holdings of the stock. Legal & General Group Plc boosted its stake in Control4 Corporation by 11.7% in the second quarter. Legal & General Group Plc now owns 5,506 shares of the electronics maker’s stock valued at $107,000 after acquiring an additional 577 shares in the last quarter. UBS Group AG boosted its stake in Control4 Corporation 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 acquiring an additional 458 shares in the last quarter. TFS Capital LLC acquired a new position in Control4 Corporation in the first quarter valued at $176,000. Hancock Holding Co. acquired a new position in Control4 Corporation in the first quarter valued at $189,000. Finally, American International Group Inc. boosted its stake in Control4 Corporation by 7.1% in the first quarter. American International Group Inc. now owns 12,377 shares of the electronics maker’s stock valued at $195,000 after acquiring an additional 822 shares in the last quarter. Hedge funds and other institutional investors own 74.27% of the company’s stock.
Shares of Control4 Corporation (NASDAQ:CTRL) traded up 1.25% during trading on Friday, hitting $27.49. The company had a trading volume of 414,282 shares. Control4 Corporation has a 52 week low of $9.97 and a 52 week high of $27.70. The firm’s 50 day moving average is $24.09 and its 200-day moving average is $19.52. The stock has a market capitalization of $683.26 million, a P/E ratio of 67.05 and a beta of -0.62.
Control4 Corporation (NASDAQ:CTRL) last issued its quarterly earnings results on Thursday, August 3rd. The electronics maker reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.09. Control4 Corporation had a return on equity of 10.77% and a net margin of 4.70%. The firm had revenue of $61.40 million for the quarter, compared to the consensus estimate of $60.70 million. During the same period in the prior year, the business posted $0.23 earnings per share. The company’s revenue for the quarter was up 15.4% on a year-over-year basis. Equities research analysts anticipate that Control4 Corporation will post $1.04 EPS for the current fiscal year.
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About Control4 Corporation
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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