BidaskClub upgraded shares of Control4 (NASDAQ:CTRL) from a strong sell rating to a sell rating in a research note released on Tuesday, BidAskClub reports.

Several other analysts have also issued reports on the stock. Roth Capital lowered shares of Control4 from a buy rating to a neutral rating and set a $24.00 price target on the stock. in a research report on Tuesday, May 14th. Maxim Group lowered shares of Control4 from a buy rating to a hold rating in a research report on Monday, May 13th. ValuEngine upgraded shares of Control4 from a sell rating to a hold rating in a research report on Thursday, May 9th. DA Davidson lowered shares of Control4 from a buy rating to a neutral rating and reduced their price target for the stock from $33.00 to $24.00 in a research report on Thursday, May 9th. Finally, Cowen lowered shares of Control4 from an outperform rating to a market perform rating in a research report on Thursday, May 9th. Two investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. Control4 has an average rating of Hold and a consensus target price of $26.57.

NASDAQ CTRL opened at $23.65 on Tuesday. The company has a current ratio of 3.89, a quick ratio of 2.74 and a debt-to-equity ratio of 0.04. The company has a market cap of $630.53 million, a P/E ratio of 24.64, a PEG ratio of 2.23 and a beta of 0.44. 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 Thursday, May 9th. The electronics maker reported $0.13 earnings per share (EPS) for the quarter, topping 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%. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter last year, the business posted $0.21 EPS. Equities analysts expect that Control4 will post 0.71 EPS for the current year.

In other Control4 news, Director Robert Born sold 3,570 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $23.64, for a total value of $84,394.80. Following the sale, the director now owns 17,867 shares in the company, valued at $422,375.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Phil Molyneux sold 23,374 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $23.74, for a total transaction of $554,898.76. Following the completion of the sale, the director now owns 42,347 shares in the company, valued at approximately $1,005,317.78. The disclosure for this sale can be found here. Insiders sold 27,944 shares of company stock worth $662,924 in the last 90 days. Company insiders own 2.90% of the company’s stock.

Large investors have recently modified their holdings of the company. New York State Teachers Retirement System boosted its stake in shares of Control4 by 11.8% during the 4th quarter. New York State Teachers Retirement System now owns 16,251 shares of the electronics maker’s stock worth $286,000 after buying an additional 1,717 shares during the last quarter. Arizona State Retirement System raised its holdings in Control4 by 8.6% in the 4th quarter. Arizona State Retirement System now owns 41,130 shares of the electronics maker’s stock valued at $724,000 after acquiring an additional 3,274 shares during the period. Rhumbline Advisers raised its holdings in Control4 by 22.9% in the 4th quarter. Rhumbline Advisers now owns 75,022 shares of the electronics maker’s stock valued at $1,320,000 after acquiring an additional 13,964 shares during the period. South Dakota Investment Council raised its holdings in Control4 by 32.7% in the 4th quarter. South Dakota Investment Council now owns 172,372 shares of the electronics maker’s stock valued at $3,034,000 after acquiring an additional 42,481 shares during the period. Finally, Oregon Public Employees Retirement Fund bought a new position in Control4 in the 4th quarter valued at about $179,000. Institutional investors own 79.32% 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.

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Analyst Recommendations for Control4 (NASDAQ:CTRL)

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