Control4 Corp (CTRL) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Control4 Corp (NASDAQ:CTRL) have been assigned an average rating of “Buy” from the twelve research firms that are presently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $35.00.

A number of research analysts have recently issued reports on CTRL shares. Cowen set a $40.00 price objective on Control4 and gave the company a “buy” rating in a research note on Monday, September 10th. DA Davidson boosted their price objective on Control4 to $38.00 and gave the company a “buy” rating in a research note on Thursday, September 6th. BidaskClub downgraded Control4 from a “buy” rating to a “hold” rating in a research note on Thursday, September 20th. Imperial Capital downgraded Control4 from an “outperform” rating to an “in-line” rating and set a $32.00 price objective on the stock. in a research note on Tuesday, August 28th. Finally, Zacks Investment Research raised Control4 from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a research note on Wednesday, September 26th.

Shares of NASDAQ:CTRL traded down $0.22 during midday trading on Friday, reaching $27.90. The company’s stock had a trading volume of 5,307 shares, compared to its average volume of 520,374. The company has a market capitalization of $752.08 million, a price-to-earnings ratio of 37.96, a P/E/G ratio of 2.69 and a beta of -0.03. Control4 has a fifty-two week low of $20.50 and a fifty-two week high of $37.62.

Control4 (NASDAQ:CTRL) last announced its quarterly earnings data on Thursday, August 2nd. The electronics maker reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.21. The company had revenue of $69.20 million for the quarter, compared to the consensus estimate of $68.02 million. Control4 had a return on equity of 15.03% and a net margin of 7.21%. The firm’s revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.32 EPS. Research analysts predict that Control4 will post 0.93 EPS for the current fiscal year.

In related news, CEO Martin Plaehn sold 110,000 shares of the business’s stock in a transaction dated Thursday, August 9th. The stock was sold at an average price of $31.67, for a total value of $3,483,700.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Joshua D. Ellis sold 716 shares of the business’s stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $37.18, for a total value of $26,620.88. Following the completion of the sale, the general counsel now directly owns 1,470 shares of the company’s stock, valued at $54,654.60. The disclosure for this sale can be found here. Insiders sold a total of 541,475 shares of company stock valued at $17,737,001 over the last ninety days. 6.10% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of the stock. Northern Trust Corp increased its position in Control4 by 0.7% in the 2nd quarter. Northern Trust Corp now owns 284,027 shares of the electronics maker’s stock valued at $6,904,000 after buying an additional 1,901 shares in the last quarter. State of Alaska Department of Revenue increased its position in Control4 by 29.8% in the 3rd quarter. State of Alaska Department of Revenue now owns 8,449 shares of the electronics maker’s stock valued at $290,000 after buying an additional 1,939 shares in the last quarter. PNC Financial Services Group Inc. increased its position in Control4 by 23.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 11,041 shares of the electronics maker’s stock valued at $268,000 after buying an additional 2,118 shares in the last quarter. Skylands Capital LLC increased its holdings in Control4 by 1.6% during the 2nd quarter. Skylands Capital LLC now owns 142,100 shares of the electronics maker’s stock worth $3,454,000 after purchasing an additional 2,200 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its holdings in Control4 by 26.4% during the 3rd quarter. Louisiana State Employees Retirement System now owns 11,500 shares of the electronics maker’s stock worth $395,000 after purchasing an additional 2,400 shares in the last quarter. 79.29% of the stock is owned by institutional investors and hedge funds.

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.

See Also: Why is the ex-dividend date different from the record date?

Analyst Recommendations for Control4 (NASDAQ:CTRL)

Receive News & Ratings for Control4 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Control4 and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply