Control4 (NASDAQ:CTRL) Upgraded by BidaskClub to “Hold”

Control4 (NASDAQ:CTRL) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, June 26th, BidAskClub reports.

Other research analysts also recently issued reports about the company. ValuEngine raised VESTAS WIND SYS/ADR from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th. Maxim Group lowered shares of Control4 from a “buy” rating to a “hold” rating in a research report on Monday, May 13th. Zacks Investment Research upgraded shares of IMI PLC/S from a “sell” rating to a “hold” rating in a research report on Wednesday, April 3rd. Cowen restated a “hold” rating on shares of PDL BioPharma in a research report on Thursday, May 9th. Finally, DA Davidson lowered shares of Control4 from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $33.00 to $24.00 in a report on Thursday, May 9th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $27.57.

Control4 stock traded up $0.01 during trading hours on Wednesday, hitting $23.83. 164,041 shares of the stock were exchanged, compared to its average volume of 421,784. The company has a quick ratio of 2.74, a current ratio of 3.89 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $638.09 million, a PE ratio of 24.82, a P/E/G ratio of 2.25 and a beta of 0.40. Control4 has a 12 month low of $15.59 and a 12 month high of $37.62. The stock has a 50-day moving average of $23.73.

Control4 (NASDAQ:CTRL) last announced its quarterly earnings data on Thursday, May 9th. The electronics maker reported $0.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.17. The business had revenue of $60.43 million for the quarter, compared to analyst estimates of $61.64 million. Control4 had a net margin of 14.94% and a return on equity of 12.56%. Control4’s revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.21 earnings per share. As a group, sell-side analysts expect that Control4 will post 0.71 EPS for the current year.

In related news, Director Phil Molyneux sold 23,374 shares of Control4 stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $23.74, for a total transaction of $554,898.76. Following the transaction, the director now owns 42,347 shares in the company, valued at $1,005,317.78. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robert Born sold 3,570 shares of Control4 stock in a transaction that occurred 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 transaction, the director now owns 17,867 shares in the company, valued at approximately $422,375.88. The disclosure for this sale can be found here. Over the last three months, insiders sold 28,944 shares of company stock worth $686,674. 2.90% of the stock is owned by corporate insiders.

A number of large investors have recently bought and sold shares of the business. Louisiana State Employees Retirement System purchased a new position in shares of Control4 during the 2nd quarter valued at $238,000. Syquant Capital Sas purchased a new position in Control4 during the second quarter valued at approximately $7,050,000. Marshall Wace North America L.P. raised its position in Control4 by 53.6% during the first quarter. Marshall Wace North America L.P. now owns 7,634 shares of the electronics maker’s stock valued at $129,000 after acquiring an additional 2,663 shares in the last quarter. WCM Investment Management LLC raised its position in Control4 by 79.9% during the first quarter. WCM Investment Management LLC now owns 205,900 shares of the electronics maker’s stock valued at $3,486,000 after acquiring an additional 91,437 shares in the last quarter. Finally, Meitav Dash Investments Ltd. raised its position in Control4 by 171.8% during the first quarter. Meitav Dash Investments Ltd. now owns 29,000 shares of the electronics maker’s stock valued at $478,000 after acquiring an additional 18,330 shares in the last quarter. Institutional investors own 79.87% of the company’s stock.

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.

Recommended Story: Stock Portfolio Tracker

Analyst Recommendations for Control4 (NASDAQ:CTRL)

Receive News & Ratings for Control4 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Control4 and related companies with MarketBeat.com's FREE daily email newsletter.