Zacks Investment Research upgraded shares of Control4 Corporation (NASDAQ:CTRL) from a hold rating to a buy rating in a research report sent to investors on Wednesday. The firm currently has $25.00 price target on the electronics maker’s stock.
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. “
Several other equities analysts also recently commented on CTRL. Singular Research started coverage on shares of Control4 Corporation in a report on Monday, April 17th. They set a buy rating and a $21.00 price target on the stock. Imperial Capital upped their price target on shares of Control4 Corporation from $16.00 to $19.00 and gave the company an in-line rating in a report on Monday, May 8th. Maxim Group started coverage on shares of Control4 Corporation in a report on Thursday, May 11th. They set a hold rating and a $19.00 price target on the stock. Needham & Company LLC reissued a buy rating and issued a $22.00 price objective on shares of Control4 Corporation in a research report on Wednesday, May 31st. Finally, BidaskClub cut shares of Control4 Corporation from a strong-buy rating to a buy rating in a research report on Tuesday, July 25th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Control4 Corporation currently has a consensus rating of Buy and an average price target of $20.63.
Control4 Corporation (CTRL) traded up 2.73% during mid-day trading on Wednesday, hitting $23.74. 516,154 shares of the stock were exchanged. The firm has a market capitalization of $590.06 million, a price-to-earnings ratio of 57.90 and a beta of -0.60. Control4 Corporation has a 52 week low of $9.97 and a 52 week high of $24.94. The company’s 50-day moving average price is $22.02 and its 200 day moving average price is $17.58.
Control4 Corporation (NASDAQ:CTRL) last issued its quarterly earnings results on Thursday, August 3rd. The electronics maker reported $0.32 EPS for the quarter, beating the consensus estimate of $0.23 by $0.09. The company had revenue of $61.40 million for the quarter, compared to the consensus estimate of $60.70 million. Control4 Corporation had a net margin of 4.70% and a return on equity of 10.77%. The firm’s revenue was up 15.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.23 EPS. Equities research analysts expect that Control4 Corporation will post $1.04 EPS for the current year.
In other Control4 Corporation news, SVP Jefferson Dungan sold 28,044 shares of the business’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $19.98, for a total value of $560,319.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Susan Cashen sold 1,768 shares of the business’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $18.15, for a total transaction of $32,089.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 36,168 shares of company stock valued at $718,042. 6.10% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in CTRL. Legal & General Group Plc boosted its stake in Control4 Corporation by 11.7% in the second quarter. Legal & General Group Plc now owns 5,506 shares of the electronics maker’s stock valued at $107,000 after buying an additional 577 shares during the period. UBS Group AG boosted its stake in shares of Control4 Corporation by 6.3% in the first quarter. UBS Group AG now owns 7,727 shares of the electronics maker’s stock valued at $122,000 after buying an additional 458 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in shares of Control4 Corporation by 18.4% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 15,450 shares of the electronics maker’s stock valued at $158,000 after buying an additional 2,406 shares during the last quarter. TFS Capital LLC acquired a new stake in shares of Control4 Corporation during the first quarter valued at $176,000. Finally, Hancock Holding Co. acquired a new stake in shares of Control4 Corporation during the first quarter valued at $189,000. 75.12% of the stock is owned by institutional investors.
Control4 Corporation 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Control4 Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Control4 Corporation and related companies with MarketBeat.com's FREE daily email newsletter.