Control4 (NASDAQ:CTRL) Cut to “Strong Sell” at BidaskClub

BidaskClub cut shares of Control4 (NASDAQ:CTRL) from a sell rating to a strong sell rating in a research note published on Tuesday morning, BidAskClub reports.

A number of other equities analysts have also commented on CTRL. ValuEngine raised VESTAS WIND SYS/ADR from a hold rating to a buy rating in a research note on Thursday, May 9th. DA Davidson lowered Control4 from a buy rating to a neutral rating and dropped their price target for the company from $33.00 to $24.00 in a research note on Thursday, May 9th. Roth Capital set a $10.00 price target on Savara and gave the company a hold rating in a research note on Tuesday, May 14th. Maxim Group lowered Control4 from a buy rating to a hold rating in a research note on Monday, May 13th. Finally, Zacks Investment Research lowered ExlService from a hold rating to a sell rating in a research note on Wednesday, July 10th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $27.57.

Shares of NASDAQ CTRL traded up $0.01 during mid-day trading on Tuesday, reaching $23.83. The company’s stock had a trading volume of 1,964 shares, compared to its average volume of 281,248. The company has a market cap of $638.64 million, a price-to-earnings ratio of 24.83, a PEG ratio of 2.25 and a beta of 0.40. The company has a quick ratio of 2.74, a current ratio of 3.89 and a debt-to-equity ratio of 0.04. The firm’s fifty day simple moving average is $23.73. Control4 has a 52 week low of $15.59 and a 52 week high of $37.62.

Control4 (NASDAQ:CTRL) last announced its quarterly earnings results on Thursday, May 9th. The electronics maker reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.17. Control4 had a return on equity of 12.56% and a net margin of 14.94%. The company had revenue of $60.43 million during the quarter, compared to analyst estimates of $61.64 million. During the same period in the prior year, the company earned $0.21 earnings per share. The firm’s revenue was up 2.2% on a year-over-year basis. As a group, equities research analysts anticipate that Control4 will post 0.71 EPS for the current fiscal year.

In other news, Director Phil Molyneux sold 23,374 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $23.74, for a total value of $554,898.76. Following the completion of the sale, the director now directly owns 42,347 shares of the company’s stock, valued at approximately $1,005,317.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert Born sold 3,570 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $23.64, for a total value of $84,394.80. Following the completion of the sale, the director now directly owns 17,867 shares of the company’s stock, valued at $422,375.88. The disclosure for this sale can be found here. Insiders sold a total of 28,944 shares of company stock valued at $686,674 over the last ninety days. Corporate insiders own 2.90% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Neuburgh Advisers LLC purchased a new stake in shares of Control4 in the fourth quarter worth approximately $37,000. Quantamental Technologies LLC raised its holdings in shares of Control4 by 7,955.4% in the first quarter. Quantamental Technologies LLC now owns 4,511 shares of the electronics maker’s stock worth $76,000 after buying an additional 4,455 shares during the period. BNP Paribas Arbitrage SA raised its holdings in shares of Control4 by 192.0% in the first quarter. BNP Paribas Arbitrage SA now owns 6,937 shares of the electronics maker’s stock worth $117,000 after buying an additional 4,561 shares during the period. Municipal Employees Retirement System of Michigan purchased a new stake in shares of Control4 in the fourth quarter worth approximately $131,000. Finally, Marshall Wace North America L.P. raised its holdings in shares of Control4 by 53.6% in the first quarter. Marshall Wace North America L.P. now owns 7,634 shares of the electronics maker’s stock worth $129,000 after buying an additional 2,663 shares during the period. Hedge funds and other institutional investors own 79.87% of the company’s stock.

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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Analyst Recommendations for Control4 (NASDAQ:CTRL)

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