Control4 (CTRL) Downgraded to “Market Perform” at Cowen

Cowen downgraded shares of Control4 (NASDAQ:CTRL) from an outperform rating to a market perform rating in a report published on Thursday morning, The Fly reports.

Other research analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Control4 from a hold rating to a sell rating in a research note on Wednesday, April 3rd. Roth Capital set a $24.00 price objective on shares of Control4 and gave the stock a buy rating in a research note on Tuesday, February 5th. DA Davidson lowered their price objective on shares of Control4 to $33.00 and set a buy rating on the stock in a research note on Tuesday, February 5th. Imperial Capital set a $19.00 price objective on shares of Control4 and gave the stock a hold rating in a research note on Tuesday, February 5th. Finally, Needham & Company LLC lowered shares of Control4 from a buy rating to a hold rating in a research note on Tuesday, February 5th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. Control4 has an average rating of Hold and an average price target of $26.57.

Shares of Control4 stock traded down $0.23 during trading on Thursday, hitting $23.67. 2,048,992 shares of the stock were exchanged, compared to its average volume of 438,883. The firm has a market capitalization of $636.14 million, a PE ratio of 24.66, a P/E/G ratio of 2.34 and a beta of 0.88. Control4 has a 1-year low of $15.59 and a 1-year high of $37.62.

Control4 (NASDAQ:CTRL) last released its quarterly earnings data on Thursday, May 9th. The electronics maker reported $0.13 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.17. The company had revenue of $60.43 million for the quarter, compared to analyst estimates of $61.64 million. Control4 had a net margin of 14.94% and a return on equity of 12.85%. Control4’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.21 EPS. Sell-side analysts anticipate that Control4 will post 0.68 earnings per share for the current fiscal year.

In related news, SVP Bryce Judd sold 3,342 shares of Control4 stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $17.83, for a total transaction of $59,587.86. Following the completion of the sale, the senior vice president now owns 8,844 shares of the company’s stock, valued at approximately $157,688.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Mark Novakovich sold 9,400 shares of Control4 stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $17.83, for a total transaction of $167,602.00. Following the sale, the chief financial officer now directly owns 9,935 shares of the company’s stock, valued at approximately $177,141.05. The disclosure for this sale can be found here. Insiders own 2.90% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Rhumbline Advisers boosted its holdings in shares of Control4 by 22.9% during the 4th quarter. Rhumbline Advisers now owns 75,022 shares of the electronics maker’s stock worth $1,320,000 after buying an additional 13,964 shares during the period. Captrust Financial Advisors boosted its holdings in Control4 by 3,466.4% in the 4th quarter. Captrust Financial Advisors now owns 8,916 shares of the electronics maker’s stock valued at $157,000 after purchasing an additional 8,666 shares during the period. Algert Global LLC boosted its holdings in Control4 by 11.2% in the 1st quarter. Algert Global LLC now owns 18,838 shares of the electronics maker’s stock valued at $319,000 after purchasing an additional 1,904 shares during the period. Brinker Capital Inc. boosted its holdings in Control4 by 68.0% in the 1st quarter. Brinker Capital Inc. now owns 41,608 shares of the electronics maker’s stock valued at $704,000 after purchasing an additional 16,838 shares during the period. Finally, First Trust Advisors LP boosted its holdings in Control4 by 8.7% in the 4th quarter. First Trust Advisors LP now owns 65,211 shares of the electronics maker’s stock valued at $1,148,000 after purchasing an additional 5,218 shares during the period. 84.79% of the stock is owned by institutional investors and hedge funds.

About Control4

Control4 Corporation provides smart home and business solutions in the United States, Australia, Canada, China, Germany, the United Kingdom, 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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Analyst Recommendations for Control4 (NASDAQ:CTRL)

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