Control4 (CTRL) Downgraded by DA Davidson

DA Davidson downgraded shares of Control4 (NASDAQ:CTRL) from a buy rating to a neutral rating in a research note published on Thursday morning, Benzinga reports. They currently have $24.00 price objective on the electronics maker’s stock, down from their prior price objective of $33.00.

CTRL has been the subject of several other reports. Zacks Investment Research cut Control4 from a hold rating to a sell rating in a report on Thursday, March 21st. Raymond James cut Control4 from an outperform rating to a market perform rating in a report on Tuesday, January 15th. BidaskClub upgraded Control4 from a strong sell rating to a sell rating in a report on Monday, February 4th. Imperial Capital set a $19.00 target price on Control4 and gave the company a hold rating in a report on Tuesday, February 5th. Finally, Needham & Company LLC cut Control4 from a buy rating to a hold rating in a report on Tuesday, February 5th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. Control4 presently has an average rating of Hold and a consensus price target of $26.57.

Control4 stock opened at $23.67 on Thursday. Control4 has a 12 month low of $15.59 and a 12 month high of $37.62. The company has a market capitalization of $636.14 million, a PE ratio of 24.66, a price-to-earnings-growth ratio of 2.34 and a beta of 0.88.

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

In other news, SVP Bryce Judd sold 3,342 shares of the company’s stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $17.83, for a total value of $59,587.86. Following the transaction, 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 filing with the SEC, which is accessible through the SEC website. Also, CFO Mark Novakovich sold 9,400 shares of the company’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $17.83, for a total value of $167,602.00. Following the completion of the transaction, the chief financial officer now directly owns 9,935 shares in the company, valued at approximately $177,141.05. The disclosure for this sale can be found here. 2.90% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in CTRL. MetLife Investment Advisors LLC lifted its stake in shares of Control4 by 60.2% in the 3rd quarter. MetLife Investment Advisors LLC now owns 16,983 shares of the electronics maker’s stock valued at $583,000 after purchasing an additional 6,379 shares during the last quarter. Legal & General Group Plc lifted its stake in Control4 by 35.3% during the 3rd quarter. Legal & General Group Plc now owns 55,720 shares of the electronics maker’s stock worth $1,910,000 after acquiring an additional 14,541 shares in the last quarter. Morgan Stanley lifted its stake in Control4 by 29.6% during the 3rd quarter. Morgan Stanley now owns 378,565 shares of the electronics maker’s stock worth $12,996,000 after acquiring an additional 86,573 shares in the last quarter. Vanguard Group Inc. lifted its stake in Control4 by 9.1% during the 3rd quarter. Vanguard Group Inc. now owns 1,705,172 shares of the electronics maker’s stock worth $58,538,000 after acquiring an additional 142,606 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in Control4 during the 3rd quarter worth about $3,727,000. 84.79% of the stock is currently owned by institutional investors and hedge funds.

Control4 Company Profile

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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