Zacks Investment Research Lowers Control4 (NASDAQ:CTRL) to Hold

Zacks Investment Research lowered shares of Control4 (NASDAQ:CTRL) from a buy rating to a hold rating in a research note issued to investors on Wednesday morning, Zacks.com reports.

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. “

Other analysts have also recently issued research reports about the company. Maxim Group cut Control4 from a buy rating to a hold rating in a report on Monday, May 13th. ValuEngine upgraded VESTAS WIND SYS/ADR from a hold rating to a buy rating in a report on Thursday, May 9th. DA Davidson cut Control4 from a buy rating to a neutral rating and decreased their target price for the stock from $33.00 to $24.00 in a report on Thursday, May 9th. Roth Capital set a $10.00 target price on Savara and gave the stock a hold rating in a report on Tuesday, May 14th. Finally, BidaskClub upgraded Misonix from a buy rating to a strong-buy rating in a report on Wednesday, July 3rd. One analyst has rated the stock with a sell rating and nine have given a hold rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $27.57.

Shares of NASDAQ:CTRL opened at $23.80 on Wednesday. The company has a quick ratio of 2.74, a current ratio of 3.89 and a debt-to-equity ratio of 0.04. Control4 has a 1 year low of $15.59 and a 1 year high of $37.62. The stock has a market cap of $637.84 million, a PE ratio of 24.79, a P/E/G ratio of 2.25 and a beta of 0.40. The business’s 50-day moving average price is $23.71.

Control4 (NASDAQ:CTRL) last issued its earnings results on Thursday, May 9th. The electronics maker reported $0.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.17. Control4 had a return on equity of 12.56% and a net margin of 14.94%. The business had revenue of $60.43 million during the quarter, compared to analysts’ expectations of $61.64 million. During the same quarter in the previous year, the business earned $0.21 EPS. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. Research analysts expect that Control4 will post 0.71 EPS for the current year.

In other Control4 news, Director Robert Born sold 3,570 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $23.64, for a total value of $84,394.80. Following the completion of the transaction, the director now owns 17,867 shares in the company, valued at approximately $422,375.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Phil Molyneux sold 23,374 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $23.74, for a total value of $554,898.76. Following the completion of the transaction, the director now owns 42,347 shares of the company’s stock, valued at approximately $1,005,317.78. The disclosure for this sale can be found here. In the last 90 days, insiders sold 28,944 shares of company stock valued at $686,674. 2.90% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. raised its position in shares of Control4 by 0.3% in the 4th quarter. BlackRock Inc. now owns 3,946,426 shares of the electronics maker’s stock valued at $69,457,000 after purchasing an additional 11,819 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Control4 by 6.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,197,634 shares of the electronics maker’s stock valued at $21,078,000 after purchasing an additional 73,302 shares in the last quarter. Bank of America Corp DE raised its position in shares of Control4 by 3.6% in the 4th quarter. Bank of America Corp DE now owns 655,915 shares of the electronics maker’s stock valued at $11,543,000 after purchasing an additional 22,555 shares in the last quarter. Spark Investment Management LLC raised its position in shares of Control4 by 67.3% during the 1st quarter. Spark Investment Management LLC now owns 526,800 shares of the electronics maker’s stock valued at $8,918,000 after acquiring an additional 212,000 shares in the last quarter. Finally, Stifel Financial Corp raised its position in shares of Control4 by 36.2% during the 4th quarter. Stifel Financial Corp now owns 417,888 shares of the electronics maker’s stock valued at $7,334,000 after acquiring an additional 111,016 shares in the last quarter. 78.94% of the stock is currently owned by institutional investors.

About Control4

Control4 Corporation provides smart home and business solutions in the United States, Australia, Canada, China, Germany, the United Kingdom, and internationally. The company offers Control4 solution that functions as the operating system of the home, integrating audio, video, lighting, temperature, security, communications, and other devices into a unified automation solution.

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