Control4 (CTRL) Downgraded to Strong Sell at BidaskClub

BidaskClub lowered shares of Control4 (NASDAQ:CTRL) from a sell rating to a strong sell rating in a report published on Wednesday.

A number of other brokerages have also weighed in on CTRL. Maxim Group reiterated a buy rating and set a $36.00 price objective on shares of Control4 in a report on Thursday, December 20th. Zacks Investment Research lowered shares of Control4 from a buy rating to a hold rating in a report on Tuesday, November 13th. Imperial Capital reiterated an in-line rating and set a $24.00 price objective on shares of Control4 in a report on Wednesday, February 6th. ValuEngine upgraded shares of Control4 from a strong sell rating to a sell rating in a report on Friday, March 1st. Finally, DA Davidson decreased their price objective on shares of Control4 to $33.00 and set a buy rating for the company in a report on Tuesday, February 5th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $28.13.

Shares of CTRL stock traded down $0.27 during trading hours on Wednesday, reaching $16.69. 25,537 shares of the stock were exchanged, compared to its average volume of 494,575. Control4 has a 12-month low of $15.59 and a 12-month high of $37.62. The stock has a market cap of $442.62 million, a PE ratio of 17.39, a P/E/G ratio of 2.45 and a beta of 0.88.

Control4 (NASDAQ:CTRL) last released its quarterly earnings results on Monday, February 4th. The electronics maker reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.02. Control4 had a net margin of 16.09% and a return on equity of 14.53%. The firm had revenue of $72.50 million during the quarter, compared to analysts’ expectations of $73.07 million. During the same period in the previous year, the company earned $0.40 EPS. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, equities research analysts predict that Control4 will post 0.68 earnings per share for the current fiscal year.

In other news, CFO Mark Novakovich sold 9,400 shares of the business’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $17.83, for a total value of $167,602.00. Following the completion of the sale, the chief financial officer now owns 9,935 shares in the company, valued at approximately $177,141.05. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Susan Cashen sold 2,049 shares of the business’s stock in a transaction dated Friday, January 11th. The shares were sold at an average price of $20.00, for a total transaction 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 approximately $40,980. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,588 shares of company stock valued at $463,372. Company insiders own 4.40% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Flinton Capital Management LLC bought a new position in shares of Control4 during the 4th quarter worth approximately $31,000. Neuburgh Advisers LLC purchased a new stake in shares of Control4 in the 4th quarter valued at $37,000. Stratos Wealth Partners LTD. purchased a new stake in shares of Control4 in the 3rd quarter valued at $139,000. NumerixS Investment Technologies Inc boosted its holdings in shares of Control4 by 866.7% in the 4th quarter. NumerixS Investment Technologies Inc now owns 5,800 shares of the electronics maker’s stock valued at $100,000 after acquiring an additional 5,200 shares during the last quarter. Finally, Canandaigua National Bank & Trust Co. purchased a new stake in shares of Control4 in the 3rd quarter valued at $203,000. Hedge funds and other institutional investors own 84.65% of the company’s stock.

About Control4

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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