Control4 (CTRL) Downgraded by Zacks Investment Research to “Sell”

Control4 (NASDAQ:CTRL) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Thursday.

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 equities analysts also recently issued research reports about the company. Roth Capital set a $24.00 target price on Control4 and gave the stock a “buy” rating in a research report on Tuesday, February 5th. DA Davidson cut their target price on Control4 to $33.00 and set a “buy” rating for the company in a research report on Tuesday, February 5th. Maxim Group cut their target price on Control4 from $36.00 to $31.00 and set a “buy” rating for the company in a research report on Tuesday, February 5th. Cowen set a $30.00 target price on Control4 and gave the stock a “buy” rating in a research report on Sunday, November 18th. Finally, Imperial Capital set a $19.00 price target on Control4 and gave the company a “hold” rating in a report on Tuesday, February 5th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $28.13.

Shares of CTRL stock traded down $0.29 during mid-day trading on Thursday, reaching $16.82. The stock had a trading volume of 138,400 shares, compared to its average volume of 460,364. The company has a market capitalization of $453.76 million, a P/E ratio of 17.52, a P/E/G ratio of 2.28 and a beta of 0.91. Control4 has a one year low of $15.59 and a one year high of $37.62.

Control4 (NASDAQ:CTRL) last posted its earnings results on Monday, February 4th. The electronics maker reported $0.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.02. The business had revenue of $72.50 million during the quarter, compared to the consensus estimate of $73.07 million. Control4 had a return on equity of 14.53% and a net margin of 16.09%. Control4’s revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the company earned $0.40 EPS. On average, equities analysts expect that Control4 will post 0.68 EPS for the current year.

In other news, SVP Bryce Judd sold 3,342 shares of Control4 stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $17.83, for a total value of $59,587.86. Following the completion of the sale, the senior vice president now directly owns 8,844 shares of the company’s stock, valued at approximately $157,688.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Susan Cashen sold 2,049 shares of Control4 stock in a transaction on Friday, January 11th. The shares were sold at an average price of $20.00, for a total value of $40,980.00. Following the completion of the sale, the senior vice president now directly owns 2,049 shares of the company’s stock, valued at $40,980. The disclosure for this sale can be found here. Insiders have sold a total of 25,588 shares of company stock valued at $463,372 over the last ninety days. Insiders own 4.40% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CTRL. FMR LLC increased its stake in shares of Control4 by 180.5% in the 3rd quarter. FMR LLC now owns 1,114,553 shares of the electronics maker’s stock valued at $38,263,000 after buying an additional 717,153 shares during the period. BlackRock Inc. increased its stake in shares of Control4 by 19.9% in the 3rd quarter. BlackRock Inc. now owns 3,934,607 shares of the electronics maker’s stock valued at $135,075,000 after buying an additional 653,664 shares during the period. Rehmann Capital Advisory Group acquired a new stake in shares of Control4 in the 3rd quarter valued at $15,619,000. Millennium Management LLC increased its stake in shares of Control4 by 2,816.3% in the 4th quarter. Millennium Management LLC now owns 414,149 shares of the electronics maker’s stock valued at $7,289,000 after buying an additional 399,948 shares during the period. Finally, State of New Jersey Common Pension Fund D increased its stake in shares of Control4 by 17.6% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 1,000,000 shares of the electronics maker’s stock valued at $17,600,000 after buying an additional 150,000 shares during the period. 85.42% of the stock is owned by institutional investors.

Control4 Company Profile

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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