Shares of Control4 Corp (NASDAQ:CTRL) were down 8.2% during mid-day trading on Wednesday . The company traded as low as $27.60 and last traded at $27.85. Approximately 1,048,139 shares were traded during mid-day trading, an increase of 137% from the average daily volume of 442,859 shares. The stock had previously closed at $30.34.
A number of analysts have issued reports on CTRL shares. Cowen set a $40.00 price target on shares of Control4 and gave the company a “buy” rating in a report on Monday, September 10th. DA Davidson lifted their price target on shares of Control4 to $38.00 and gave the company a “buy” rating in a report on Thursday, September 6th. Imperial Capital downgraded shares of Control4 from an “outperform” rating to an “in-line” rating and set a $32.00 price target on the stock. in a report on Tuesday, August 28th. BidaskClub downgraded shares of Control4 from a “buy” rating to a “hold” rating in a report on Saturday, September 1st. Finally, Roth Capital started coverage on shares of Control4 in a report on Wednesday, June 13th. They issued a “buy” rating and a $31.00 price target on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. Control4 currently has an average rating of “Buy” and an average target price of $35.00.
The company has a market capitalization of $895.86 million, a P/E ratio of 37.13, a price-to-earnings-growth ratio of 3.21 and a beta of -0.03.
Control4 (NASDAQ:CTRL) last issued its quarterly earnings data on Thursday, August 2nd. The electronics maker reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.21. Control4 had a net margin of 7.21% and a return on equity of 15.03%. The business had revenue of $69.20 million during the quarter, compared to analysts’ expectations of $68.02 million. During the same period last year, the company posted $0.32 EPS. The business’s revenue was up 12.7% on a year-over-year basis. Equities analysts anticipate that Control4 Corp will post 0.93 EPS for the current fiscal year.
In other Control4 news, General Counsel Joshua D. Ellis sold 716 shares of Control4 stock in a transaction on Monday, September 17th. The shares were sold at an average price of $37.18, for a total value of $26,620.88. Following the completion of the transaction, the general counsel now directly owns 1,470 shares of the company’s stock, valued at approximately $54,654.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Martin Plaehn sold 110,000 shares of Control4 stock in a transaction on Thursday, August 9th. The stock was sold at an average price of $31.67, for a total transaction of $3,483,700.00. The disclosure for this sale can be found here. Insiders sold a total of 548,997 shares of company stock valued at $17,925,803 over the last three months. Corporate insiders own 4.40% of the company’s stock.
Several large investors have recently modified their holdings of CTRL. Millennium Management LLC grew its stake in shares of Control4 by 1,687.7% in the 1st quarter. Millennium Management LLC now owns 385,463 shares of the electronics maker’s stock worth $8,280,000 after buying an additional 363,901 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Control4 by 9.9% during the 2nd quarter. BlackRock Inc. now owns 3,280,943 shares of the electronics maker’s stock worth $79,760,000 after purchasing an additional 294,268 shares during the period. Systematic Financial Management LP boosted its stake in shares of Control4 by 42.5% during the 2nd quarter. Systematic Financial Management LP now owns 855,095 shares of the electronics maker’s stock worth $20,787,000 after purchasing an additional 255,140 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Control4 by 15.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,081,596 shares of the electronics maker’s stock worth $23,233,000 after purchasing an additional 142,699 shares during the period. Finally, Barclays PLC boosted its stake in shares of Control4 by 1,065.7% during the 1st quarter. Barclays PLC now owns 122,805 shares of the electronics maker’s stock worth $2,638,000 after purchasing an additional 112,270 shares during the period. 79.40% of the stock is owned by institutional investors and hedge funds.
About Control4 (NASDAQ:CTRL)
Control4 Corporation provides smart home and business solutions in the United States, Canada, 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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