Control4 (CTRL) Downgraded by BidaskClub

BidaskClub cut shares of Control4 (NASDAQ:CTRL) from a sell rating to a strong sell rating in a research note released on Thursday.

Several other research analysts also recently weighed in on the company. Cowen set a $30.00 price target on Control4 and gave the stock a buy rating in a research note on Sunday, November 18th. Zacks Investment Research downgraded Control4 from a buy rating to a hold rating in a research note on Tuesday, November 13th. Imperial Capital reiterated an in-line rating and set a $32.00 price target on shares of Control4 in a research note on Wednesday, November 7th. ValuEngine downgraded Control4 from a hold rating to a sell rating in a research note on Friday, November 2nd. Finally, DA Davidson increased their price target on Control4 to $38.00 and gave the stock a buy rating in a research note on Thursday, September 6th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $33.75.

CTRL stock opened at $18.29 on Thursday. The firm has a market cap of $488.49 million, a PE ratio of 24.39, a PEG ratio of 1.69 and a beta of 0.27. Control4 has a fifty-two week low of $18.25 and a fifty-two week high of $37.62.



Control4 (NASDAQ:CTRL) last posted its quarterly earnings results on Thursday, November 1st. The electronics maker reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.02. The company had revenue of $71.59 million during the quarter, compared to the consensus estimate of $71.52 million. Control4 had a return on equity of 14.94% and a net margin of 7.22%. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.35 EPS. On average, research analysts forecast that Control4 will post 0.94 earnings per share for the current fiscal year.

In other Control4 news, CEO Martin Plaehn sold 9,744 shares of the firm’s stock in a transaction dated Tuesday, November 20th. The stock was sold at an average price of $20.36, for a total value of $198,387.84. Following the completion of the transaction, the chief executive officer now owns 112,779 shares in the company, valued at approximately $2,296,180.44. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Mark Novakovich sold 2,734 shares of the firm’s stock in a transaction dated Tuesday, November 20th. The stock was sold at an average price of $20.77, for a total value of $56,785.18. Following the completion of the transaction, the chief financial officer now owns 19,335 shares of the company’s stock, valued at approximately $401,587.95. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,411 shares of company stock valued at $963,685. 4.40% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of CTRL. Principal Financial Group Inc. boosted its stake in Control4 by 5.6% in the 1st quarter. Principal Financial Group Inc. now owns 182,953 shares of the electronics maker’s stock worth $3,930,000 after purchasing an additional 9,621 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in Control4 by 116.2% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 55,940 shares of the electronics maker’s stock worth $1,360,000 after purchasing an additional 30,062 shares during the period. TD Asset Management Inc. bought a new position in Control4 in the 2nd quarter worth about $846,000. First Trust Advisors LP boosted its stake in Control4 by 5.2% in the 2nd quarter. First Trust Advisors LP now owns 56,843 shares of the electronics maker’s stock worth $1,382,000 after purchasing an additional 2,811 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in Control4 by 677.4% in the 2nd quarter. Victory Capital Management Inc. now owns 57,552 shares of the electronics maker’s stock worth $1,399,000 after purchasing an additional 50,149 shares during the period. Institutional investors and hedge funds own 84.30% of the company’s stock.

About Control4

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.

Further Reading: Liquidity

Analyst Recommendations for Control4 (NASDAQ:CTRL)

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