Control4 (CTRL) Stock Rating Lowered by BidaskClub

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Control4 (NASDAQ:CTRL) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Thursday.

Several other research analysts have also recently weighed in on CTRL. ValuEngine raised shares of Control4 from a “hold” rating to a “buy” rating in a report on Friday, August 3rd. Zacks Investment Research cut shares of Control4 from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. Roth Capital assumed coverage on shares of Control4 in a report on Wednesday, June 13th. They set a “buy” rating and a $31.00 target price for the company. Imperial Capital reaffirmed an “outperform” rating and set a $30.00 target price on shares of Control4 in a report on Monday, August 6th. Finally, Maxim Group reaffirmed a “buy” rating and set a $36.00 target price on shares of Control4 in a report on Friday, August 3rd. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Control4 currently has a consensus rating of “Buy” and a consensus target price of $33.50.

CTRL opened at $34.58 on Thursday. Control4 has a twelve month low of $20.50 and a twelve month high of $37.62. The company has a market cap of $944.66 million, a PE ratio of 39.35, a P/E/G ratio of 3.44 and a beta of -0.10.

Control4 (NASDAQ:CTRL) last released its quarterly earnings data on Thursday, August 2nd. The electronics maker reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.21. Control4 had a net margin of 7.21% and a return on equity of 15.03%. The firm had revenue of $69.20 million during the quarter, compared to analysts’ expectations of $68.02 million. During the same period in the previous year, the company earned $0.32 earnings per share. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. analysts anticipate that Control4 will post 0.91 EPS for the current fiscal year.

In other Control4 news, SVP Bryce Judd sold 1,042 shares of the company’s stock in a transaction that occurred on Monday, July 2nd. The shares were sold at an average price of $24.11, for a total value of $25,122.62. Following the completion of the transaction, the senior vice president now directly owns 1,042 shares in the company, valued at $25,122.62. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, General Counsel Joshua D. Ellis sold 716 shares of the company’s stock in a transaction that occurred on Monday, September 17th. The stock was sold at an average price of $37.18, for a total transaction of $26,620.88. Following the completion of the transaction, the general counsel now owns 1,470 shares of the company’s stock, valued at $54,654.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 550,323 shares of company stock valued at $17,951,238. 6.10% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. boosted its position in shares of Control4 by 9.9% in the second quarter. BlackRock Inc. now owns 3,280,943 shares of the electronics maker’s stock worth $79,760,000 after purchasing an additional 294,268 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Control4 by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 1,368,747 shares of the electronics maker’s stock worth $33,275,000 after acquiring an additional 5,806 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Control4 by 15.2% during the first quarter. Dimensional Fund Advisors LP now owns 1,081,596 shares of the electronics maker’s stock worth $23,233,000 after acquiring an additional 142,699 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its position in shares of Control4 by 4.7% during the second quarter. State of New Jersey Common Pension Fund D now owns 900,000 shares of the electronics maker’s stock worth $21,879,000 after acquiring an additional 40,000 shares during the last quarter. Finally, Systematic Financial Management LP boosted its position in shares of Control4 by 42.5% during the second quarter. Systematic Financial Management LP now owns 855,095 shares of the electronics maker’s stock worth $20,787,000 after acquiring an additional 255,140 shares during the last quarter. Institutional investors and hedge funds own 79.40% of the company’s stock.

Control4 Company Profile

Control4 Corporation provides smart home and business solutions in the United States, Canada, 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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Analyst Recommendations for Control4 (NASDAQ:CTRL)

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