Control4 Corporation (NASDAQ:CTRL) was downgraded by investment analysts at UBS AG from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Friday.
A number of other equities research analysts have also recently commented on the company. Cowen and Company set a $30.00 target price on Control4 Corporation and gave the company a “buy” rating in a research report on Wednesday. Zacks Investment Research cut Control4 Corporation from a “buy” rating to a “hold” rating in a research report on Monday, October 9th. Needham & Company LLC restated a “buy” rating and set a $27.00 target price (up from $25.00) on shares of Control4 Corporation in a research report on Monday, September 11th. Finally, BidaskClub cut Control4 Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 22nd. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $24.00.
Control4 Corporation (NASDAQ CTRL) traded up $3.88 during trading hours on Friday, hitting $31.53. The stock had a trading volume of 3,046,125 shares, compared to its average volume of 527,875. Control4 Corporation has a 52-week low of $10.08 and a 52-week high of $34.10. The firm has a market cap of $783.71, a PE ratio of 48.51, a PEG ratio of 3.54 and a beta of -0.57.
Control4 Corporation (NASDAQ:CTRL) last posted its earnings results on Thursday, November 2nd. The electronics maker reported $0.35 EPS for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.20. Control4 Corporation had a return on equity of 12.00% and a net margin of 5.96%. The firm had revenue of $64.70 million for the quarter, compared to analysts’ expectations of $63.59 million. During the same period last year, the firm earned $0.26 EPS. The company’s quarterly revenue was up 17.2% on a year-over-year basis. equities research analysts anticipate that Control4 Corporation will post 0.59 earnings per share for the current year.
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In other Control4 Corporation news, SVP Susan Cashen sold 1,768 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $22.87, for a total value of $40,434.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert Born sold 2,356 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 15,433 shares in the company, valued at $348,014.15. The disclosure for this sale can be found here. Insiders sold a total of 8,546 shares of company stock worth $194,603 over the last ninety days. 6.10% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Legal & General Group Plc lifted its stake in Control4 Corporation by 11.7% in the 2nd quarter. Legal & General Group Plc now owns 5,506 shares of the electronics maker’s stock worth $107,000 after purchasing an additional 577 shares in the last quarter. UBS Group AG lifted its stake in Control4 Corporation by 6.3% in the 1st quarter. UBS Group AG now owns 7,727 shares of the electronics maker’s stock worth $122,000 after purchasing an additional 458 shares in the last quarter. Victory Capital Management Inc. purchased a new position in Control4 Corporation in the 3rd quarter worth approximately $130,000. American International Group Inc. lifted its stake in Control4 Corporation by 7.1% in the 1st quarter. American International Group Inc. now owns 12,377 shares of the electronics maker’s stock worth $195,000 after purchasing an additional 822 shares in the last quarter. Finally, Voya Investment Management LLC purchased a new position in Control4 Corporation in the 2nd quarter worth approximately $213,000. 74.37% of the stock is currently owned by institutional investors and hedge funds.
Control4 Corporation Company Profile
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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