Zacks Investment Research Downgrades Control4 (CTRL) to Sell

Zacks Investment Research cut shares of Control4 (NASDAQ:CTRL) from a hold rating to a sell rating in a research report released on Monday.

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. “

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Several other research firms also recently commented on CTRL. BidaskClub upgraded Control4 from a sell rating to a hold rating in a report on Thursday, October 18th. Imperial Capital reaffirmed an in-line rating and set a $32.00 target price on shares of Control4 in a research report on Wednesday, November 7th. ValuEngine cut Control4 from a hold rating to a sell rating in a research report on Friday, November 2nd. Cowen set a $30.00 target price on Control4 and gave the company a buy rating in a research report on Sunday, November 18th. Finally, DA Davidson dropped their target price on Control4 to $33.00 and set a buy rating on the stock in a research report on Tuesday, February 5th. Three analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $28.13.

CTRL opened at $17.79 on Monday. The firm has a market cap of $481.95 million, a price-to-earnings ratio of 18.53, a PEG ratio of 2.42 and a beta of 0.88. Control4 has a 52 week low of $15.59 and a 52 week high of $37.62.

Control4 (NASDAQ:CTRL) last released its quarterly earnings data on Monday, February 4th. The electronics maker reported $0.31 EPS for the quarter, topping the consensus estimate of $0.29 by $0.02. The company had revenue of $72.50 million for the quarter, compared to the consensus estimate of $73.07 million. Control4 had a return on equity of 14.53% and a net margin of 16.09%. Control4’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the business posted $0.40 EPS. As a group, equities analysts predict that Control4 will post 0.68 earnings per share for the current fiscal year.

In other news, SVP Susan Cashen sold 5,022 shares of the firm’s stock in a transaction on Friday, November 16th. The stock was sold at an average price of $22.48, for a total value of $112,894.56. Following the completion of the sale, the senior vice president now owns 1,417 shares of the company’s stock, valued at approximately $31,854.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Bryce Judd sold 2,844 shares of the firm’s stock in a transaction on Monday, November 19th. The stock was sold at an average price of $21.79, for a total value of $61,970.76. The disclosure for this sale can be found here. Insiders have sold a total of 34,232 shares of company stock worth $689,530 in the last ninety days. Insiders own 4.40% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its position in shares of Control4 by 6.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 10,890 shares of the electronics maker’s stock worth $192,000 after purchasing an additional 633 shares in the last quarter. Texas Permanent School Fund boosted its position in shares of Control4 by 6.4% in the 4th quarter. Texas Permanent School Fund now owns 17,477 shares of the electronics maker’s stock worth $308,000 after purchasing an additional 1,057 shares in the last quarter. New York State Teachers Retirement System boosted its position in shares of Control4 by 11.8% in the 4th quarter. New York State Teachers Retirement System now owns 16,251 shares of the electronics maker’s stock worth $286,000 after purchasing an additional 1,717 shares in the last quarter. Flinton Capital Management LLC acquired a new stake in shares of Control4 in the 4th quarter worth $31,000. Finally, Northern Trust Corp boosted its position in shares of Control4 by 0.7% in the 2nd quarter. Northern Trust Corp now owns 284,027 shares of the electronics maker’s stock worth $6,904,000 after purchasing an additional 1,901 shares in the last quarter. 83.41% of the stock is owned by hedge funds and other institutional investors.

About Control4

Control4 Corporation provides smart home and business solutions in the United States, Canada, 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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