Cowen Reaffirms “Buy” Rating for Control4 (NASDAQ:CTRL)

Control4 (NASDAQ:CTRL)‘s stock had its “buy” rating reissued by stock analysts at Cowen in a report released on Tuesday, January 9th.

A number of other brokerages have also recently commented on CTRL. BidaskClub cut shares of Control4 from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Zacks Investment Research raised shares of Control4 from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research note on Wednesday, November 8th. Maxim Group reiterated a “hold” rating and set a $33.00 price objective on shares of Control4 in a report on Friday, November 3rd. Needham & Company LLC restated a “buy” rating and issued a $30.00 price target on shares of Control4 in a report on Friday, November 3rd. Finally, UBS Group lowered shares of Control4 from an “outperform” rating to a “market perform” rating in a research note on Friday, November 3rd. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Control4 currently has an average rating of “Buy” and a consensus price target of $25.50.

Control4 (CTRL) opened at $30.50 on Tuesday. The company has a market cap of $770.63, a price-to-earnings ratio of 57.55, a price-to-earnings-growth ratio of 2.51 and a beta of -0.51. Control4 has a 12-month low of $10.67 and a 12-month high of $35.99.

Control4 (NASDAQ:CTRL) last announced its quarterly earnings results on Thursday, November 2nd. The electronics maker reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.20. The business had revenue of $64.70 million during the quarter, compared to the consensus estimate of $63.59 million. Control4 had a net margin of 5.96% and a return on equity of 11.63%. The business’s revenue was up 17.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.26 EPS. analysts forecast that Control4 will post 0.68 earnings per share for the current year.

In related news, CEO Martin Plaehn sold 117,137 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $33.02, for a total value of $3,867,863.74. Following the completion of the sale, the chief executive officer now directly owns 169,257 shares in the company, valued at approximately $5,588,866.14. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Eric Anderson sold 14,384 shares of the company’s stock in a transaction that occurred on Friday, December 28th. The stock was sold at an average price of $30.54, for a total value of $439,287.36. Following the transaction, the senior vice president now owns 17,388 shares of the company’s stock, valued at $531,029.52. The disclosure for this sale can be found here. In the last three months, insiders have sold 389,534 shares of company stock valued at $12,639,835. Corporate insiders own 6.10% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. First Trust Advisors LP raised its stake in shares of Control4 by 0.4% in the second quarter. First Trust Advisors LP now owns 34,166 shares of the electronics maker’s stock valued at $670,000 after purchasing an additional 142 shares in the last quarter. Legal & General Group Plc grew its position in Control4 by 11.7% in the second quarter. Legal & General Group Plc now owns 5,506 shares of the electronics maker’s stock valued at $107,000 after acquiring an additional 577 shares during the period. The Manufacturers Life Insurance Company grew its position in Control4 by 17.4% in the second quarter. The Manufacturers Life Insurance Company now owns 18,482 shares of the electronics maker’s stock valued at $362,000 after acquiring an additional 2,740 shares during the period. California Public Employees Retirement System grew its position in Control4 by 5.5% in the third quarter. California Public Employees Retirement System now owns 58,741 shares of the electronics maker’s stock valued at $1,731,000 after acquiring an additional 3,041 shares during the period. Finally, Rhumbline Advisers grew its position in Control4 by 13.8% in the second quarter. Rhumbline Advisers now owns 26,283 shares of the electronics maker’s stock valued at $515,000 after acquiring an additional 3,187 shares during the period. Institutional investors and hedge funds own 77.34% of the company’s stock.

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Control4 Company Profile

Control4 Corporation (Control4) is a provider of smart home and business solutions. The Company’s smart home and small business solutions provide consumers with the ability to integrate audio, video, lighting, temperature, security, communications, network management and other functionalities into a unified automation solution, customized to match their lifestyles and business needs.

Analyst Recommendations for Control4 (NASDAQ:CTRL)

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