BidaskClub downgraded shares of Control4 (NASDAQ:CTRL) from a buy rating to a hold rating in a report released on Wednesday morning.
Other equities analysts have also issued research reports about the stock. Zacks Investment Research raised shares of Control4 from a hold rating to a buy rating and set a $37.00 price objective for the company in a research note on Wednesday, November 8th. Needham & Company LLC reaffirmed a buy rating and issued a $30.00 price objective on shares of Control4 in a research note on Friday, November 3rd. Cowen set a $30.00 price objective on shares of Control4 and gave the stock a buy rating in a research note on Wednesday, November 1st. Maxim Group reaffirmed a hold rating and issued a $33.00 price objective on shares of Control4 in a research note on Friday, November 3rd. Finally, UBS Group lowered shares of Control4 from an outperform rating to a market perform rating in a research note on Friday, November 3rd. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $25.50.
Control4 (CTRL) traded up $0.93 during trading on Wednesday, reaching $31.01. 474,546 shares of the company were exchanged, compared to its average volume of 388,764. Control4 has a 1 year low of $10.60 and a 1 year high of $35.99. The firm has a market cap of $783.53, a price-to-earnings ratio of 58.51, a price-to-earnings-growth ratio of 2.55 and a beta of -0.51.
In other Control4 news, SVP Eric Anderson sold 14,384 shares of the stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $30.54, for a total value of $439,287.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jeremy A. Jaech sold 12,801 shares of the stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $34.48, for a total transaction of $441,378.48. Following the completion of the sale, the director now owns 31,002 shares of the company’s stock, valued at approximately $1,068,948.96. The disclosure for this sale can be found here. In the last quarter, 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 hedge funds have recently added to or reduced their stakes in CTRL. Legal & General Group Plc raised its holdings in shares of Control4 by 11.7% during the 2nd quarter. Legal & General Group Plc now owns 5,506 shares of the electronics maker’s stock valued at $107,000 after purchasing an additional 577 shares in the last quarter. Victory Capital Management Inc. bought a new position in shares of Control4 during the 3rd quarter valued at $130,000. Teachers Retirement System of The State of Kentucky bought a new position in shares of Control4 during the 3rd quarter valued at $183,000. Voya Investment Management LLC bought a new position in shares of Control4 during the 2nd quarter valued at $213,000. Finally, Municipal Employees Retirement System of Michigan bought a new position in shares of Control4 during the 3rd quarter valued at $215,000. Institutional investors own 77.34% of the company’s stock.
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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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