Control4 (CTRL) Downgraded by Zacks Investment Research

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

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 firms have also recently issued reports on CTRL. Cowen set a $30.00 price target on Control4 and gave the company a buy rating in a report on Sunday, November 18th. Needham & Company LLC cut Control4 from a buy rating to a hold rating in a report on Tuesday, February 5th. DA Davidson dropped their price target on Control4 to $33.00 and set a buy rating on the stock in a report on Tuesday, February 5th. Maxim Group dropped their price target on Control4 from $36.00 to $31.00 and set a buy rating on the stock in a report on Tuesday, February 5th. Finally, BidaskClub raised Control4 from a strong sell rating to a sell rating in a report on Monday, February 4th. Three 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’s stock. The stock has an average rating of Hold and a consensus price target of $28.13.

NASDAQ CTRL opened at $16.75 on Thursday. The firm has a market capitalization of $444.21 million, a price-to-earnings ratio of 17.45, a P/E/G ratio of 2.28 and a beta of 0.91. Control4 has a 1 year low of $15.59 and a 1 year high of $37.62.

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

In other Control4 news, SVP Susan Cashen sold 2,049 shares of Control4 stock in a transaction that occurred on Friday, January 11th. The shares were sold at an average price of $20.00, for a total transaction of $40,980.00. Following the transaction, the senior vice president now directly owns 2,049 shares in the company, valued at approximately $40,980. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Mark Novakovich sold 9,400 shares of Control4 stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $17.83, for a total transaction of $167,602.00. Following the transaction, the chief financial officer now owns 9,935 shares in the company, valued at $177,141.05. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,588 shares of company stock worth $463,372. Corporate insiders own 4.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its position in Control4 by 6.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,197,634 shares of the electronics maker’s stock worth $21,078,000 after purchasing an additional 73,302 shares in the last quarter. Millennium Management LLC grew its position in Control4 by 2,816.3% during the 4th quarter. Millennium Management LLC now owns 414,149 shares of the electronics maker’s stock worth $7,289,000 after purchasing an additional 399,948 shares in the last quarter. Wakefield Asset Management LLLP grew its position in Control4 by 85.4% during the 4th quarter. Wakefield Asset Management LLLP now owns 15,002 shares of the electronics maker’s stock worth $264,000 after purchasing an additional 6,909 shares in the last quarter. Legal & General Group Plc grew its position in Control4 by 1.7% during the 4th quarter. Legal & General Group Plc now owns 56,640 shares of the electronics maker’s stock worth $991,000 after purchasing an additional 920 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan purchased a new position in Control4 during the 4th quarter worth approximately $131,000. Hedge funds and other institutional investors own 85.42% of the company’s stock.

Control4 Company Profile

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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