Control4 (CTRL) Upgraded to Buy at BidaskClub

BidaskClub upgraded shares of Control4 (NASDAQ:CTRL) from a hold rating to a buy rating in a report released on Wednesday.

Several other research analysts also recently commented on CTRL. Maxim Group reaffirmed a hold rating and issued a $33.00 price target on shares of Control4 in a research report on Friday, November 3rd. Cowen set a $30.00 price target on Control4 and gave the stock a buy rating in a research report on Wednesday, November 1st. Zacks Investment Research raised Control4 from a hold rating to a buy rating and set a $37.00 price target on the stock in a research report on Wednesday, November 8th. Needham & Company LLC reaffirmed a buy rating and issued a $30.00 price target on shares of Control4 in a research report on Friday, November 3rd. Finally, UBS downgraded Control4 from an outperform rating to a market perform rating in a research report on Friday, November 3rd. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $25.50.

Shares of Control4 (NASDAQ CTRL) traded up $0.03 during mid-day trading on Wednesday, hitting $31.75. The company had a trading volume of 208,700 shares, compared to its average volume of 494,221. The company has a market cap of $801.45, a P/E ratio of 48.80, a price-to-earnings-growth ratio of 3.09 and a beta of -0.51. Control4 has a 1-year low of $10.08 and a 1-year high of $35.99.

Control4 (NASDAQ:CTRL) last issued its quarterly earnings results on Thursday, November 2nd. The electronics maker reported $0.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.20. The company had revenue of $64.70 million for the quarter, compared to the consensus estimate of $63.59 million. Control4 had a return on equity of 11.63% and a net margin of 5.96%. The company’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.26 EPS. sell-side analysts predict that Control4 will post 0.68 EPS for the current year.

In other news, insider Greg Bishop sold 2,254 shares of Control4 stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $32.90, for a total transaction of $74,156.60. Following the sale, the insider now owns 15,961 shares of the company’s stock, valued at approximately $525,116.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Martin Plaehn sold 5,304 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $33.27, for a total value of $176,464.08. Following the completion of the sale, the chief executive officer now directly owns 52,120 shares in the company, valued at approximately $1,734,032.40. The disclosure for this sale can be found here. Insiders have sold a total of 360,766 shares of company stock worth $11,761,260 in the last three months. 6.10% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in CTRL. Bank of New York Mellon Corp boosted its stake in Control4 by 638.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 729,785 shares of the electronics maker’s stock valued at $14,311,000 after buying an additional 630,921 shares in the last quarter. Stifel Financial Corp acquired a new stake in Control4 in the 3rd quarter valued at $12,680,000. Dimensional Fund Advisors LP boosted its stake in Control4 by 100.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 802,857 shares of the electronics maker’s stock valued at $15,744,000 after buying an additional 402,208 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Control4 by 38.3% in the 2nd quarter. Renaissance Technologies LLC now owns 850,400 shares of the electronics maker’s stock valued at $16,676,000 after buying an additional 235,700 shares in the last quarter. Finally, Principal Financial Group Inc. acquired a new stake in Control4 in the 3rd quarter valued at $4,540,000. 77.34% of the stock is currently owned by institutional investors and hedge funds.

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About Control4

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.

Analyst Recommendations for Control4 (NASDAQ:CTRL)

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