The Control4 Corp. (CTRL) Raised to Strong-Buy by the Zacks Investment Research

Control4 Corp. (NASDAQ:CTRL) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday. The brokerage currently has a $13.00 target price on the stock. Zacks Investment Research’s target price would indicate a potential upside of 16.28% from the company’s current price.

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 firms have also issued reports on CTRL. Imperial Capital increased their target price on Control4 Corp. from $11.00 to $12.00 and gave the company an “in-line” rating in a research note on Monday. TheStreet raised Control4 Corp. from a “sell” rating to a “hold” rating in a report on Monday, August 1st.

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Control4 Corp. (NASDAQ:CTRL) traded down 1.84% on Tuesday, reaching $11.18. The company’s stock had a trading volume of 173,993 shares. The company has a market capitalization of $264.28 million, a price-to-earnings ratio of 32.69 and a beta of -1.00. The firm’s 50 day moving average price is $11.75 and its 200-day moving average price is $9.67. Control4 Corp. has a 52 week low of $5.41 and a 52 week high of $12.60.

Control4 Corp. (NASDAQ:CTRL) last posted its earnings results on Thursday, November 3rd. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05. Control4 Corp. had a return on equity of 3.35% and a net margin of 4.26%. The business earned $55.19 million during the quarter, compared to analyst estimates of $53.60 million. During the same quarter last year, the firm earned $0.14 earnings per share. The company’s revenue for the quarter was up 26.7% compared to the same quarter last year. On average, equities analysts predict that Control4 Corp. will post $0.77 EPS for the current year.

In related news, SVP Jefferson Dungan sold 20,032 shares of the stock in a transaction dated Friday, September 16th. The stock was sold at an average price of $10.82, for a total value of $216,746.24. Following the completion of the transaction, the senior vice president now owns 48,076 shares of the company’s stock, valued at $520,182.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 6.10% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its position in shares of Control4 Corp. by 2.0% in the third quarter. BlackRock Inc. now owns 15,027 shares of the company’s stock worth $185,000 after buying an additional 298 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in Control4 Corp. by 1.2% in the second quarter. Parametric Portfolio Associates LLC now owns 27,432 shares of the company’s stock worth $224,000 after buying an additional 323 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in Control4 Corp. by 1.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 54,547 shares of the company’s stock worth $446,000 after buying an additional 756 shares in the last quarter. First Trust Advisors LP increased its position in Control4 Corp. by 7.7% in the second quarter. First Trust Advisors LP now owns 16,571 shares of the company’s stock worth $135,000 after buying an additional 1,189 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in Control4 Corp. by 4.5% in the third quarter. PNC Financial Services Group Inc. now owns 42,200 shares of the company’s stock worth $518,000 after buying an additional 1,800 shares in the last quarter. 74.97% of the stock is owned by hedge funds and other institutional investors.

Control4 Corp. Company Profile

Control4 Corporation (Control4) is a provider of automation and control solutions for the connected home. The Company provides its consumers with the ability to integrate audio, video, lighting, temperature, security, communications and other functionalities into a unified home-automation solution. The Company’s solution functions as the operating system of the home, making connected devices work together to control, automate and personalize the homes and businesses of its consumers.