Control4 Corp. (NASDAQ:CTRL) has been assigned an average rating of “Hold” from the seven brokerages that are currently covering the firm. Seven investment analysts have rated the stock with a hold rating. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $8.25.
Several equities analysts have recently issued reports on CTRL shares. Zacks Investment Research raised shares of Control4 Corp. from a “hold” rating to a “buy” rating and set a $9.75 price target for the company in a report on Wednesday, July 20th. TheStreet raised shares of Control4 Corp. from a “sell” rating to a “hold” rating in a report on Monday, August 1st.
In related news, SVP Jefferson Dungan sold 20,032 shares of Control4 Corp. stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $10.82, for a total transaction of $216,746.24. Following the sale, the senior vice president now directly owns 48,076 shares in the company, valued at $520,182.32. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 6.10% of the company’s stock.
Large investors have recently modified their holdings of the stock. BlackRock Advisors LLC boosted its stake in shares of Control4 Corp. by 37.5% in the second quarter. BlackRock Advisors LLC now owns 14,351 shares of the company’s stock worth $117,000 after buying an additional 3,914 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Control4 Corp. by 1,209.2% in the second quarter. BlackRock Inc. now owns 14,729 shares of the company’s stock worth $121,000 after buying an additional 13,604 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Control4 Corp. by 7.7% in the second quarter. First Trust Advisors LP now owns 16,571 shares of the company’s stock worth $135,000 after buying an additional 1,189 shares in the last quarter. FNY Managed Accounts LLC bought a new stake in shares of Control4 Corp. during the second quarter worth $184,000. Finally, Genesee Valley Trust Co. boosted its stake in shares of Control4 Corp. by 8.3% in the second quarter. Genesee Valley Trust Co. now owns 23,725 shares of the company’s stock worth $194,000 after buying an additional 1,825 shares in the last quarter. Institutional investors and hedge funds own 74.84% of the company’s stock.
Shares of Control4 Corp. (NASDAQ:CTRL) opened at 11.94 on Wednesday. Control4 Corp. has a 52 week low of $5.41 and a 52 week high of $12.60. The company has a 50-day moving average of $11.54 and a 200-day moving average of $9.19. The firm has a market capitalization of $278.20 million, a PE ratio of 37.20 and a beta of -1.09.
Control4 Corp. (NASDAQ:CTRL) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. The firm earned $53.20 million during the quarter, compared to the consensus estimate of $50.44 million. Control4 Corp. had a net margin of 4.22% and a return on equity of 1.15%. The firm’s revenue was up 19.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.16 earnings per share. On average, equities analysts forecast that Control4 Corp. will post $0.74 earnings per share for the current fiscal year.
About Control4 Corp.
Control4 Corporation (Control4) is a provider of automation and control solutions for the connected home. The Company provides its consumers with the ability to integrate audio, video, lighting, temperature, security, communications and other functionalities into a unified home-automation solution. The Company’s solution functions as the operating system of the home, making connected devices work together to control, automate and personalize the homes and businesses of its consumers.
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