Shares of Control4 Corporation (NASDAQ:CTRL) have been assigned a consensus rating of “Buy” from the eleven analysts that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $21.43.
CTRL has been the subject of a number of recent research reports. Zacks Investment Research lowered Control4 Corporation from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 10th. BidaskClub lowered Control4 Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 22nd. Cowen and Company upgraded Control4 Corporation from a “market perform” rating to an “outperform” rating and upped their target price for the company from $22.00 to $30.00 in a research note on Friday, September 8th. Finally, Needham & Company LLC restated a “buy” rating and issued a $27.00 target price (up from $25.00) on shares of Control4 Corporation in a research note on Monday, September 11th.
In other news, Director Robert Born sold 2,356 shares of the stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $22.55, for a total transaction of $53,127.80. Following the sale, the director now owns 15,433 shares in the company, valued at $348,014.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Greg Bishop sold 2,254 shares of the stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $22.83, for a total value of $51,458.82. Following the sale, the insider now owns 14,295 shares in the company, valued at approximately $326,354.85. The disclosure for this sale can be found here. Insiders have sold 8,546 shares of company stock worth $194,603 in the last 90 days. Company insiders own 6.10% of the company’s stock.
Several hedge funds have recently made changes to their positions in CTRL. Bank of New York Mellon Corp grew its holdings in shares of Control4 Corporation by 638.2% during the second quarter. Bank of New York Mellon Corp now owns 729,785 shares of the electronics maker’s stock worth $14,311,000 after purchasing an additional 630,921 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Control4 Corporation by 100.4% during the second quarter. Dimensional Fund Advisors LP now owns 802,857 shares of the electronics maker’s stock worth $15,744,000 after purchasing an additional 402,208 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Control4 Corporation by 135.8% during the first quarter. Renaissance Technologies LLC now owns 614,700 shares of the electronics maker’s stock worth $9,706,000 after purchasing an additional 354,000 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Control4 Corporation during the second quarter worth $4,519,000. Finally, Nicholas Company Inc. bought a new stake in shares of Control4 Corporation during the second quarter worth $2,899,000. Institutional investors own 74.37% of the company’s stock.
Control4 Corporation (NASDAQ:CTRL) last issued its earnings results on Thursday, August 3rd. The electronics maker reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.09. The business had revenue of $61.40 million during the quarter, compared to analyst estimates of $60.70 million. Control4 Corporation had a return on equity of 10.77% and a net margin of 4.70%. Control4 Corporation’s revenue was up 15.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.23 earnings per share.
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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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