Control4 (CTRL) Downgraded by Zacks Investment Research

Zacks Investment Research downgraded shares of Control4 (NASDAQ:CTRL) from a buy rating to a hold rating in a research report report published on Wednesday morning.

According to Zacks, “Control4 Corporation is engaged in providing automation and control solutions for the connected home. The Company offers home operating system that interacts with various music, video, lighting, temperature, security, and communications. It also provides 4Sight subscription services, which allow consumers to control and monitor their homes remotely from their smartphone, tablet, or laptop. Control4 Corporation is headquartered in Salt Lake City, Utah. “

A number of other research firms have also recently commented on CTRL. Maxim Group reissued a hold rating and set a $33.00 price target on shares of Control4 in a report on Friday, November 3rd. UBS Group cut Control4 from an outperform rating to a market perform rating in a report on Friday, November 3rd. BidaskClub raised Control4 from a hold rating to a buy rating in a report on Wednesday, December 20th. Needham & Company LLC reissued a buy rating and set a $30.00 price target on shares of Control4 in a report on Friday, November 3rd. Finally, Cowen set a $30.00 price target on Control4 and gave the stock a buy rating in a report on Wednesday, November 1st. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $25.50.

Shares of Control4 (NASDAQ:CTRL) opened at $31.01 on Wednesday. The firm has a market capitalization of $760.02, a price-to-earnings ratio of 58.51, a PEG ratio of 2.48 and a beta of -0.51. Control4 has a 1 year low of $10.60 and a 1 year high of $35.99.

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

In other Control4 news, Director Jeremy A. Jaech sold 12,801 shares of the company’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $34.48, for a total value of $441,378.48. Following the completion of the transaction, the director now owns 31,002 shares of the company’s stock, valued at approximately $1,068,948.96. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Eric Anderson sold 14,384 shares of the company’s stock in a transaction dated Friday, December 28th. The stock was sold at an average price of $30.54, for a total value of $439,287.36. Following the completion of the transaction, the senior vice president now directly owns 17,388 shares of the company’s stock, valued at approximately $531,029.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 389,534 shares of company stock valued at $12,639,835. Insiders own 6.10% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of CTRL. Bank of New York Mellon Corp increased its holdings 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 worth $14,311,000 after purchasing an additional 630,921 shares in the last quarter. Stifel Financial Corp bought a new stake in shares of Control4 in the 3rd quarter valued at about $12,680,000. Dimensional Fund Advisors LP grew its position in shares of 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 during the last quarter. Renaissance Technologies LLC grew its position in shares of 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 during the last quarter. Finally, Principal Financial Group Inc. bought a new stake in shares of Control4 in the 3rd quarter valued at about $4,540,000. 77.34% of the stock is owned by institutional investors and hedge funds.

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Control4 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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