Several other equities research analysts have also weighed in on CTRL. Needham & Company LLC reissued a buy rating and set a $25.00 price objective (up from $22.00) on shares of Control4 Corporation in a research note on Wednesday, August 9th. Cowen and Company set a $30.00 price objective on Control4 Corporation and gave the stock a buy rating in a research note on Wednesday, November 1st. BidaskClub raised Control4 Corporation from a buy rating to a strong-buy rating in a research note on Saturday, August 12th. Zacks Investment Research raised Control4 Corporation from a hold rating to a buy rating and set a $25.00 price objective for the company in a research note on Wednesday, August 9th. Finally, UBS AG lowered Control4 Corporation from an outperform rating to a market perform rating in a research note on Friday. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Control4 Corporation currently has an average rating of Buy and a consensus target price of $24.00.
Shares of Control4 Corporation (CTRL) traded up $1.52 during midday trading on Friday, reaching $33.05. The company’s stock had a trading volume of 287,683 shares, compared to its average volume of 583,644. The company has a market cap of $801.47, a price-to-earnings ratio of 48.51, a P/E/G ratio of 3.54 and a beta of -0.57. Control4 Corporation has a 52-week low of $10.08 and a 52-week high of $34.10.
Control4 Corporation (NASDAQ:CTRL) last issued its quarterly earnings results on Thursday, November 2nd. The electronics maker reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.20. The firm had revenue of $64.70 million during the quarter, compared to analyst estimates of $63.59 million. Control4 Corporation had a return on equity of 11.63% and a net margin of 5.96%. The firm’s quarterly revenue was up 17.2% on a year-over-year basis. During the same period last year, the company posted $0.26 EPS. equities research analysts forecast that Control4 Corporation will post 0.59 EPS for the current fiscal year.
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In other news, CFO Mark Novakovich sold 2,168 shares of the stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $22.87, for a total value of $49,582.16. Following the completion of the sale, the chief financial officer now owns 18,495 shares in the company, valued at $422,980.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Susan Cashen sold 1,768 shares of the stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $22.87, for a total value of $40,434.16. The disclosure for this sale can be found here. Insiders sold 8,546 shares of company stock valued at $194,603 in the last 90 days. Corporate insiders own 6.10% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA lifted its holdings in shares of Control4 Corporation by 293.5% in the third quarter. BNP Paribas Arbitrage SA now owns 10,341 shares of the electronics maker’s stock valued at $305,000 after purchasing an additional 7,713 shares in the last quarter. Principal Financial Group Inc. purchased a new stake in shares of Control4 Corporation in the third quarter valued at $4,540,000. DE Burlo Group Inc. lifted its holdings in shares of Control4 Corporation by 162.7% in the third quarter. DE Burlo Group Inc. now owns 232,000 shares of the electronics maker’s stock valued at $6,834,000 after purchasing an additional 143,700 shares in the last quarter. Prudential Financial Inc. purchased a new stake in shares of Control4 Corporation in the third quarter valued at $1,049,000. Finally, USA Financial Portformulas Corp purchased a new stake in shares of Control4 Corporation in the third quarter valued at $578,000. Institutional investors own 71.23% of the company’s stock.
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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