Headlines about Control4 Corporation (NASDAQ:CTRL) have trended somewhat positive recently, according to Accern. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Control4 Corporation earned a news sentiment score of 0.16 on Accern’s scale. Accern also assigned news articles about the electronics maker an impact score of 46.3997837782592 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news articles that may have effected Accern’s scoring:
A number of brokerages recently issued reports on CTRL. Needham & Company LLC restated a “buy” rating and issued a $27.00 price target (up from $25.00) on shares of Control4 Corporation in a research report on Monday, September 11th. Zacks Investment Research downgraded Control4 Corporation from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 10th. Cowen and Company upgraded Control4 Corporation from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $22.00 to $30.00 in a research report on Friday, September 8th. Finally, BidaskClub downgraded Control4 Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $21.88.
Control4 Corporation (NASDAQ:CTRL) traded down 1.21% during mid-day trading on Friday, reaching $30.12. The company’s stock had a trading volume of 213,778 shares. The stock has a market cap of $748.63 million, a price-to-earnings ratio of 73.46 and a beta of -0.57. Control4 Corporation has a 12-month low of $9.97 and a 12-month high of $30.83. The firm’s 50 day moving average price is $27.88 and its 200 day moving average price is $21.70.
Control4 Corporation (NASDAQ:CTRL) last posted its earnings results on Thursday, August 3rd. The electronics maker reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.09. The company had revenue of $61.40 million during the quarter, compared to analyst estimates of $60.70 million. Control4 Corporation had a return on equity of 10.77% and a net margin of 4.70%. The business’s revenue was up 15.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.23 earnings per share. On average, equities analysts predict that Control4 Corporation will post $1.04 earnings per share for the current year.
In other Control4 Corporation news, CFO Mark Novakovich sold 2,168 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $22.87, for a total value of $49,582.16. Following the completion of the sale, the chief financial officer now directly owns 18,495 shares in the company, valued at $422,980.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Greg Bishop sold 2,254 shares of the stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $22.83, for a total value of $51,458.82. Following the sale, the insider now owns 14,295 shares of the company’s stock, valued at approximately $326,354.85. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,546 shares of company stock valued at $194,603. Insiders own 6.10% of the company’s stock.
About Control4 Corporation
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.