Control4 Corp. (CTRL) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Control4 Corp. (NASDAQ:CTRL) have received an average rating of “Hold” from the seven brokerages that are presently covering the firm. Seven research analysts have rated the stock with a hold recommendation. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $8.25.
CTRL has been the topic of several analyst reports. Zacks Investment Research upgraded Control4 Corp. from a “strong sell” rating to a “hold” rating in a research note on Friday, October 7th. TheStreet upgraded Control4 Corp. from a “sell” rating to a “hold” rating in a research note on Monday, August 1st.
In other news, SVP Jefferson Dungan sold 20,032 shares of the business’s 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 directly owns 48,076 shares of the company’s stock, valued at approximately $520,182.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.10% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in CTRL. BlackRock Advisors LLC increased its position in shares of Control4 Corp. by 37.5% in the second quarter. BlackRock Advisors LLC now owns 14,351 shares of the company’s stock valued at $117,000 after buying an additional 3,914 shares during the last quarter. BlackRock Inc. increased 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 valued at $121,000 after buying an additional 13,604 shares in the last quarter. First Trust Advisors LP increased 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 valued at $135,000 after buying an additional 1,189 shares in the last quarter. FNY Managed Accounts LLC purchased a new position in Control4 Corp. during the second quarter valued at about $184,000. Finally, Genesee Valley Trust Co. increased 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 valued at $194,000 after buying an additional 1,825 shares in the last quarter. 74.84% of the stock is currently owned by institutional investors and hedge funds.
Control4 Corp. (NASDAQ:CTRL) opened at 11.94 on Wednesday. Control4 Corp. has a 12 month low of $5.41 and a 12 month high of $12.60. The firm has a market capitalization of $278.20 million, a PE ratio of 37.20 and a beta of -1.09. The stock’s 50 day moving average price is $11.54 and its 200 day moving average price is $9.19.
Control4 Corp. (NASDAQ:CTRL) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.05. Control4 Corp. had a return on equity of 1.15% and a net margin of 4.22%. The firm had revenue of $53.20 million for the quarter, compared to analyst estimates of $50.44 million. During the same period in the previous year, the company posted $0.16 earnings per share. The company’s quarterly revenue was up 19.3% compared to the same quarter last year. Equities research analysts expect that Control4 Corp. will post $0.74 earnings per share for the current fiscal year.
About Control4 Corp.
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.
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