Control4 (NASDAQ:CTRL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday, January 3rd.

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 equities research analysts also recently weighed in on CTRL. Maxim Group reiterated a “hold” rating and set a $33.00 price target on shares of Control4 in a research note on Friday, November 3rd. Cowen set a $30.00 target price on shares of Control4 and gave the company a “buy” rating in a research note on Wednesday, November 1st. Needham & Company LLC restated a “buy” rating and issued a $30.00 target price on shares of Control4 in a research note on Friday, November 3rd. BidaskClub downgraded shares of Control4 from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Finally, UBS Group downgraded shares of Control4 from an “outperform” rating to a “market perform” rating in a research report on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. Control4 has a consensus rating of “Hold” and a consensus price target of $26.88.

Control4 (CTRL) opened at $30.68 on Wednesday. Control4 has a 52-week low of $10.67 and a 52-week high of $35.99. The company has a market cap of $782.25, a P/E ratio of 57.89, a PEG ratio of 2.68 and a beta of -0.51.

Control4 (NASDAQ:CTRL) last announced its earnings results on Thursday, November 2nd. The electronics maker reported $0.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.20. Control4 had a net margin of 5.96% and a return on equity of 11.63%. The business had revenue of $64.70 million for the quarter, compared to analyst estimates of $63.59 million. During the same quarter in the previous year, the firm posted $0.26 earnings per share. Control4’s revenue was up 17.2% compared to the same quarter last year. equities analysts anticipate that Control4 will post 0.68 earnings per share for the current fiscal year.

In other Control4 news, SVP Eric Anderson sold 14,384 shares of the company’s stock in a transaction that occurred on Friday, December 28th. The stock was sold at an average price of $30.54, for a total transaction of $439,287.36. Following the completion of the transaction, the senior vice president now owns 17,388 shares of the company’s stock, valued at approximately $531,029.52. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Martin Plaehn sold 117,137 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $33.02, for a total value of $3,867,863.74. Following the transaction, the chief executive officer now directly owns 169,257 shares of the company’s stock, valued at approximately $5,588,866.14. The disclosure for this sale can be found here. Insiders sold a total of 389,534 shares of company stock valued at $12,639,835 over the last quarter. 6.10% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CTRL. Schwab Charles Investment Management Inc. boosted its holdings in shares of Control4 by 16.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 73,087 shares of the electronics maker’s stock valued at $1,434,000 after buying an additional 10,242 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of Control4 by 0.4% in the 2nd quarter. First Trust Advisors LP now owns 34,166 shares of the electronics maker’s stock valued at $670,000 after buying an additional 142 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of Control4 by 13.8% in the 2nd quarter. Rhumbline Advisers now owns 26,283 shares of the electronics maker’s stock valued at $515,000 after buying an additional 3,187 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Control4 by 638.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 729,785 shares of the electronics maker’s stock valued at $14,311,000 after buying an additional 630,921 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in Control4 by 11.7% in the 2nd quarter. Legal & General Group Plc now owns 5,506 shares of the electronics maker’s stock valued at $107,000 after acquiring an additional 577 shares during the period. 76.17% of the stock is owned by institutional investors.

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Control4 Company Profile

Control4 Corporation (Control4) is a provider of smart home and business solutions. The Company’s smart home and small business solutions provide consumers with the ability to integrate audio, video, lighting, temperature, security, communications, network management and other functionalities into a unified automation solution, customized to match their lifestyles and business needs.

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