Zacks Investment Research Upgrades Control4 (NASDAQ:CTRL) to Buy

Zacks Investment Research upgraded shares of Control4 (NASDAQ:CTRL) from a hold rating to a buy rating in a report released on Tuesday morning, Zacks.com reports. They currently have $27.00 target price on the electronics maker’s stock.

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. “

CTRL has been the topic of a number of other research reports. Roth Capital set a $10.00 price objective on shares of Savara and gave the stock a hold rating in a research report on Tuesday, May 14th. Cowen reaffirmed a hold rating on shares of PDL BioPharma in a research report on Thursday, May 9th. ValuEngine raised shares of VESTAS WIND SYS/ADR from a hold rating to a buy rating in a research report on Thursday, May 9th. DA Davidson downgraded shares of Control4 from a buy rating to a neutral rating and cut their price objective for the stock from $33.00 to $24.00 in a research report on Thursday, May 9th. Finally, BidaskClub raised shares of Misonix from a buy rating to a strong-buy rating in a research report on Wednesday, July 3rd. One analyst has rated the stock with a sell rating and nine have given a hold rating to the stock. The company has an average rating of Hold and a consensus price target of $27.57.

Shares of Control4 stock opened at $23.80 on Tuesday. The stock has a 50 day moving average price of $23.71. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.74 and a current ratio of 3.89. Control4 has a 52-week low of $15.59 and a 52-week high of $37.62. The stock has a market cap of $637.84 million, a P/E ratio of 24.79, a P/E/G ratio of 2.25 and a beta of 0.40.

Control4 (NASDAQ:CTRL) last issued its quarterly earnings data on Thursday, May 9th. The electronics maker reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.17. Control4 had a net margin of 14.94% and a return on equity of 12.56%. The firm had revenue of $60.43 million for the quarter, compared to the consensus estimate of $61.64 million. During the same quarter in the previous year, the firm earned $0.21 EPS. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. As a group, equities research analysts expect that Control4 will post 0.71 earnings per share for the current fiscal year.

In other Control4 news, Director Robert Born sold 3,570 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $23.64, for a total transaction of $84,394.80. Following the sale, the director now owns 17,867 shares of the company’s stock, valued at approximately $422,375.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Phil Molyneux sold 23,374 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $23.74, for a total transaction of $554,898.76. Following the sale, the director now directly owns 42,347 shares in the company, valued at approximately $1,005,317.78. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,944 shares of company stock worth $686,674. 2.90% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the company. Flinton Capital Management LLC purchased a new stake in shares of Control4 in the 4th quarter valued at $31,000. Neuburgh Advisers LLC purchased a new stake in shares of Control4 in the 4th quarter valued at $37,000. Quantamental Technologies LLC boosted its holdings in shares of Control4 by 7,955.4% in the 1st quarter. Quantamental Technologies LLC now owns 4,511 shares of the electronics maker’s stock valued at $76,000 after acquiring an additional 4,455 shares during the last quarter. NumerixS Investment Technologies Inc boosted its holdings in shares of Control4 by 866.7% in the 4th quarter. NumerixS Investment Technologies Inc now owns 5,800 shares of the electronics maker’s stock valued at $100,000 after acquiring an additional 5,200 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its holdings in shares of Control4 by 192.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 6,937 shares of the electronics maker’s stock valued at $117,000 after acquiring an additional 4,561 shares during the last quarter. 78.94% of the stock is currently 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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