The Control4 Corp (CTRL) Hits New 12-Month High After Analyst Upgrade

The Control4 Corp (CTRL) Hits New 12-Month High After Analyst Upgrade

A number of other research firms have also weighed in on CTRL. Zacks Investment Research lowered Control4 Corp from a “buy” rating to a “hold” rating in a research note on Friday, February 10th. Raymond James Financial, Inc. upgraded Control4 Corp from a “market perform” rating to an “outperform” rating and set a $17.00 price objective for the company in a research note on Friday, February 10th. Maxim Group started coverage on Control4 Corp in a research note on Thursday, May 11th. They set a “hold” rating and a $19.00 price objective for the company. Singular Research started coverage on Control4 Corp in a research note on Monday, April 17th. They set a “buy” rating and a $21.00 price objective for the company. Finally, S&P Equity Research upgraded Control4 Corp from a “market perform” rating to an “outperform” rating and set a $17.00 price objective for the company in a research note on Friday, February 10th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Control4 Corp presently has an average rating of “Buy” and an average price target of $19.29.

Control4 Corp (NASDAQ:CTRL)’s share price hit a new 52-week high during mid-day trading on Monday after Imperial Capital raised their price target on the stock from $16.00 to $19.00. Imperial Capital currently has an in-line rating on the stock. Control4 Corp traded as high as $18.37 and last traded at $18.33, with a volume of 463,299 shares traded. The stock had previously closed at $17.54.

In other news, SVP Susan Cashen sold 1,768 shares of the firm’s stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $18.15, for a total transaction of $32,089.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Greg Bishop sold 2,254 shares of Control4 Corp stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $18.15, for a total value of $40,910.10. Following the completion of the sale, the insider now owns 14,295 shares in the company, valued at $259,454.25. The disclosure for this sale can be found here. Insiders have sold a total of 215,038 shares of company stock worth $3,793,896 over the last 90 days. Insiders own 6.10% of the company’s stock. A number of large investors have recently bought and sold shares of the company. Two Sigma Investments LP boosted its stake in Control4 Corp by 64.9% in the fourth quarter. Two Sigma Investments LP now owns 114,938 shares of the electronics maker’s stock valued at $1,172,000 after buying an additional 45,223 shares during the last quarter. Hancock Holding Co. purchased a new stake in Control4 Corp during the first quarter valued at about $189,000. Renaissance Technologies LLC boosted its stake in Control4 Corp by 55.5% in the fourth quarter. Renaissance Technologies LLC now owns 260,700 shares of the electronics maker’s stock valued at $2,659,000 after buying an additional 93,000 shares during the last quarter. G2 Investment Partners Management LLC boosted its stake in Control4 Corp by 20.2% in the third quarter. G2 Investment Partners Management LLC now owns 90,385 shares of the electronics maker’s stock valued at $1,110,000 after buying an additional 15,176 shares during the last quarter. Finally, Russell Investments Group Ltd. purchased a new stake in Control4 Corp during the fourth quarter valued at about $571,000. Institutional investors own 65.00% of the company’s stock.

The stock has a market cap of $488.52 million, a P/E ratio of 71.42 and a beta of -0.97. The stock has a 50 day moving average of $17.60 and a 200-day moving average of $14.03. Control4 Corp (NASDAQ:CTRL) last released its quarterly earnings results on Thursday, May 4th. The electronics maker reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.07. The business had revenue of $50.20 million for the quarter, compared to analyst estimates of $47.29 million. Control4 Corp had a net margin of 6.20% and a return on equity of 7.50%. The company’s quarterly revenue was up 16.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.04 earnings per share. On average, equities analysts anticipate that Control4 Corp will post $0.95 earnings per share for the current year.

Control4 Corp Company Profile Control4 Corporation (Control4) is a provider of smart home and business solutions. The Company’s smart home and small business solutions provide consumers with the ability to integrate audio, video, lighting, temperature, security, communications, network management and other functionalities into a unified automation solution, customized to match their lifestyles and business needs.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:CTRL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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