Control4 (CTRL) Downgraded by Zacks Investment Research

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Zacks Investment Research downgraded shares of Control4 (NASDAQ:CTRL) from a hold rating to a sell rating in a research note released 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. “

A number of other research analysts have also weighed in on the stock. BidaskClub lowered shares of Control4 from a sell rating to a strong sell rating in a research note on Wednesday, March 6th. ValuEngine raised shares of Control4 from a strong sell rating to a sell rating in a research note on Friday, March 1st. Imperial Capital reaffirmed an in-line rating and issued a $24.00 price target on shares of Control4 in a research note on Wednesday, February 6th. Roth Capital set a $24.00 price target on shares of Control4 and gave the company a buy rating in a research note on Tuesday, February 5th. Finally, DA Davidson cut their price target on shares of Control4 to $33.00 and set a buy rating on the stock in a research note on Tuesday, February 5th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $28.13.

Shares of CTRL opened at $17.09 on Thursday. Control4 has a twelve month low of $15.59 and a twelve month high of $37.62. The company has a market capitalization of $453.23 million, a price-to-earnings ratio of 17.80, a P/E/G ratio of 2.28 and a beta of 0.91.

Control4 (NASDAQ:CTRL) last announced its quarterly earnings results on Monday, February 4th. The electronics maker reported $0.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.02. Control4 had a net margin of 16.09% and a return on equity of 14.53%. The firm had revenue of $72.50 million for the quarter, compared to analyst estimates of $73.07 million. During the same quarter in the previous year, the firm posted $0.40 earnings per share. The business’s revenue was up 6.5% on a year-over-year basis. On average, equities research analysts expect that Control4 will post 0.68 EPS for the current year.

In other news, SVP Susan Cashen sold 2,049 shares of the business’s stock in a transaction on Friday, January 11th. The shares were sold at an average price of $20.00, for a total value of $40,980.00. Following the sale, the senior vice president now owns 2,049 shares of the company’s stock, valued at $40,980. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Bryce Judd sold 3,342 shares of the business’s stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $17.83, for a total transaction of $59,587.86. Following the completion of the sale, the senior vice president now directly owns 8,844 shares in the company, valued at approximately $157,688.52. The disclosure for this sale can be found here. In the last three months, insiders sold 25,588 shares of company stock worth $463,372. 4.40% of the stock is currently owned by insiders.

Several hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp increased its stake in Control4 by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 1,368,747 shares of the electronics maker’s stock valued at $33,275,000 after purchasing an additional 5,806 shares during the last quarter. Northern Trust Corp lifted its holdings in Control4 by 0.7% in the second quarter. Northern Trust Corp now owns 284,027 shares of the electronics maker’s stock worth $6,904,000 after purchasing an additional 1,901 shares during the period. First Trust Advisors LP lifted its holdings in Control4 by 5.5% in the third quarter. First Trust Advisors LP now owns 59,993 shares of the electronics maker’s stock worth $2,060,000 after purchasing an additional 3,150 shares during the period. Arizona State Retirement System lifted its holdings in Control4 by 28.1% in the third quarter. Arizona State Retirement System now owns 37,856 shares of the electronics maker’s stock worth $1,300,000 after purchasing an additional 8,301 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in Control4 in the third quarter worth about $637,000. 85.42% 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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