Zacks Investment Research upgraded shares of Control4 Corp. (NASDAQ:CTRL) from a strong sell rating to a hold rating in a report published on Friday morning.
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 equities research analysts have also commented on CTRL. Needham & Company LLC restated a hold rating on shares of Control4 Corp. in a research report on Friday, June 10th. TheStreet upgraded Control4 Corp. from a sell rating to a hold rating in a research report on Monday, August 1st. Seven analysts have rated the stock with a hold rating, The stock currently has a consensus rating of Hold and a consensus target price of $8.55.
Control4 Corp. (NASDAQ:CTRL) opened at 12.07 on Friday. The firm’s 50 day moving average price is $11.49 and its 200 day moving average price is $9.12. The firm has a market cap of $281.23 million, a price-to-earnings ratio of 37.60 and a beta of -1.09. Control4 Corp. has a 52-week low of $5.41 and a 52-week high of $12.60.
Control4 Corp. (NASDAQ:CTRL) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.05. The company earned $53.20 million during the quarter, compared to analysts’ expectations of $50.44 million. Control4 Corp. had a return on equity of 1.15% and a net margin of 4.22%. The business’s quarterly revenue was up 19.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.16 earnings per share. Equities research analysts anticipate that Control4 Corp. will post $0.74 EPS for the current fiscal year.
In other Control4 Corp. news, SVP Jefferson Dungan sold 20,032 shares of the stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $10.82, for a total value of $216,746.24. Following the transaction, the senior vice president now owns 48,076 shares in the company, valued at $520,182.32. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 6.10% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Advisors LLC raised its position in Control4 Corp. by 37.5% in the second quarter. BlackRock Advisors LLC now owns 14,351 shares of the company’s stock worth $117,000 after buying an additional 3,914 shares in the last quarter. BlackRock Inc. raised its position in Control4 Corp. by 1,209.2% in the second quarter. BlackRock Inc. now owns 14,729 shares of the company’s stock worth $121,000 after buying an additional 13,604 shares in the last quarter. First Trust Advisors LP raised its position in Control4 Corp. by 7.7% in the second quarter. First Trust Advisors LP now owns 16,571 shares of the company’s stock worth $135,000 after buying an additional 1,189 shares in the last quarter. FNY Managed Accounts LLC bought a new position in Control4 Corp. during the second quarter worth $184,000. Finally, Genesee Valley Trust Co. raised its position in Control4 Corp. by 8.3% in the second quarter. Genesee Valley Trust Co. now owns 23,725 shares of the company’s stock worth $194,000 after buying an additional 1,825 shares in the last quarter. Institutional investors own 74.84% of the company’s stock.
Control4 Corp. Company Profile
Control4 Corporation (Control4) is a provider of automation and control solutions for the connected home. The Company provides its consumers with the ability to integrate audio, video, lighting, temperature, security, communications and other functionalities into a unified home-automation solution. The Company’s solution functions as the operating system of the home, making connected devices work together to control, automate and personalize the homes and businesses of its consumers.