Zacks Investment Research Lowers Control4 (CTRL) to Strong Sell

Zacks Investment Research downgraded shares of Control4 (NASDAQ:CTRL) from a hold rating to a strong sell rating in a research note issued to investors on Thursday morning.

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. “

Several other research analysts have also recently issued reports on the stock. Imperial Capital reissued an in-line rating and set a $30.00 price target (up from $28.00) on shares of Control4 in a report on Tuesday, January 23rd. Cowen reissued a buy rating on shares of Control4 in a report on Tuesday, January 9th. BidaskClub cut shares of Control4 from a buy rating to a hold rating in a report on Wednesday, January 3rd. Needham & Company LLC reissued a buy rating and set a $30.00 price target on shares of Control4 in a report on Friday, November 3rd. Finally, Maxim Group reissued a hold rating and set a $33.00 price target on shares of Control4 in a report on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. Control4 has a consensus rating of Hold and an average target price of $26.88.

Shares of Control4 (NASDAQ:CTRL) opened at $30.96 on Thursday. Control4 has a 1-year low of $10.67 and a 1-year high of $35.99. The company has a market cap of $782.25, a PE ratio of 47.63, a PEG ratio of 2.68 and a beta of -0.51.

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

In other Control4 news, CEO Martin Plaehn sold 117,137 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $33.02, for a total transaction of $3,867,863.74. Following the transaction, the chief executive officer now directly owns 169,257 shares in the company, valued at $5,588,866.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Eric Anderson sold 14,384 shares of the company’s stock in a transaction dated Friday, December 28th. The stock was sold at an average price of $30.54, for a total transaction of $439,287.36. Following the transaction, the senior vice president now owns 17,388 shares in the company, valued at $531,029.52. The disclosure for this sale can be found here. Insiders have sold 389,534 shares of company stock worth $12,639,835 over the last 90 days. 6.10% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of CTRL. Legal & General Group Plc grew its position in Control4 by 11.7% during the second quarter. Legal & General Group Plc now owns 5,506 shares of the electronics maker’s stock worth $107,000 after buying an additional 577 shares during the period. Victory Capital Management Inc. acquired a new stake in shares of Control4 in the third quarter valued at approximately $130,000. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Control4 in the third quarter valued at approximately $183,000. Winslow Evans & Crocker Inc. acquired a new stake in shares of Control4 in the fourth quarter valued at approximately $209,000. Finally, Voya Investment Management LLC acquired a new stake in shares of Control4 in the second quarter valued at approximately $213,000. Institutional investors own 76.17% 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.

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