Zacks Investment Research Lowers Control4 (NASDAQ:CTRL) to Hold

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Zacks Investment Research cut shares of Control4 (NASDAQ:CTRL) from a buy rating to a hold rating in a research report released on Wednesday, Zacks.com reports.

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. “

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

NASDAQ:CTRL opened at $23.80 on Wednesday. The firm has a fifty day moving average price of $23.71. Control4 has a 1-year low of $15.59 and a 1-year high of $37.62. The company has a current ratio of 3.89, a quick ratio of 2.74 and a debt-to-equity ratio of 0.04. The stock has a market cap of $637.84 million, a price-to-earnings ratio of 24.79, a price-to-earnings-growth ratio of 2.25 and a beta of 0.40.

Control4 (NASDAQ:CTRL) last posted its quarterly earnings data on Thursday, May 9th. The electronics maker reported $0.13 earnings per share for the quarter, beating 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 analyst estimates of $61.64 million. During the same period last year, the firm posted $0.21 EPS. Control4’s quarterly revenue was up 2.2% on a year-over-year basis. As a group, equities research analysts anticipate that Control4 will post 0.71 earnings per share for the current year.

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

Several large investors have recently added to or reduced their stakes in CTRL. Millennium Management LLC raised its stake in shares of Control4 by 2,816.3% during the 4th quarter. Millennium Management LLC now owns 414,149 shares of the electronics maker’s stock worth $7,289,000 after buying an additional 399,948 shares during the last quarter. Syquant Capital Sas acquired a new position in shares of Control4 during the 2nd quarter worth $7,050,000. Deutsche Bank AG raised its stake in shares of Control4 by 133.9% during the 4th quarter. Deutsche Bank AG now owns 375,400 shares of the electronics maker’s stock worth $6,605,000 after buying an additional 214,889 shares during the last quarter. Spark Investment Management LLC raised its stake in shares of Control4 by 67.3% during the 1st quarter. Spark Investment Management LLC now owns 526,800 shares of the electronics maker’s stock worth $8,918,000 after buying an additional 212,000 shares during the last quarter. Finally, Stifel Financial Corp raised its stake in shares of Control4 by 36.2% during the 4th quarter. Stifel Financial Corp now owns 417,888 shares of the electronics maker’s stock worth $7,334,000 after buying an additional 111,016 shares during the last quarter. 78.94% 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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