Control4 Corp. (NASDAQ:CTRL) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report released on Friday.
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. “
CTRL has been the subject of several other reports. TheStreet upgraded shares of Control4 Corp. from a “sell” rating to a “hold” rating in a research note on Monday, August 1st. Needham & Company LLC reaffirmed a “hold” rating on shares of Control4 Corp. in a report on Friday, June 10th. Seven equities research analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and an average target price of $8.55.
Control4 Corp. (NASDAQ:CTRL) opened at 12.22 on Friday. Control4 Corp. has a 12 month low of $5.41 and a 12 month high of $12.60. The stock has a market cap of $284.73 million, a PE ratio of 38.07 and a beta of -1.09. The company has a 50-day moving average of $11.48 and a 200-day moving average of $9.10.
Control4 Corp. (NASDAQ:CTRL) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.18 by $0.05. Control4 Corp. had a net margin of 4.22% and a return on equity of 1.15%. The business earned $53.20 million during the quarter, compared to analysts’ expectations of $50.44 million. During the same period in the previous year, the business posted $0.16 EPS. The business’s quarterly revenue was up 19.3% compared to the same quarter last year. On average, equities analysts forecast that Control4 Corp. will post $0.74 EPS for the current fiscal year.
In related news, SVP Jefferson Dungan sold 20,032 shares of the business’s stock in a transaction on Friday, September 16th. The shares were sold at an average price of $10.82, for a total value of $216,746.24. Following the completion of the sale, the senior vice president now owns 48,076 shares of the company’s stock, valued at approximately $520,182.32. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 6.10% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the company. Schwab Charles Investment Management Inc. raised its stake in shares of Control4 Corp. by 1.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 54,547 shares of the company’s stock valued at $446,000 after buying an additional 756 shares during the last quarter. G2 Investment Partners Management LLC bought a new stake in shares of Control4 Corp. during the second quarter valued at approximately $614,000. Parametric Portfolio Associates LLC raised its stake in shares of Control4 Corp. by 1.2% in the second quarter. Parametric Portfolio Associates LLC now owns 27,432 shares of the company’s stock valued at $224,000 after buying an additional 323 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of Control4 Corp. by 3.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 332,863 shares of the company’s stock valued at $2,716,000 after buying an additional 12,491 shares during the last quarter. Finally, BlackRock Inc. raised 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 valued at $121,000 after buying an additional 13,604 shares during the last quarter. 74.84% of the stock is owned by institutional investors.
Control4 Corp. Company Profile
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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