Sci-tech

Control4 Corporation (NASDAQ:CTRL) Traded Significantly Above Its 50 Day Moving Average

On Friday, February 17 the stock rating was maintained by Telsey Advisory Group with "Market Perform". On October 30, 2015 the stock rating was set at "Hold" in a report from Needham a cut from the previous "Buy" rating. Finally, BidaskClub downgraded shares of Control4 Corporation from a "strong-buy" rating to a "buy" rating in a report on Tuesday, July 25th. Cowen and Company set a $22.00 price objective on Control4 Corporation and gave the stock a "hold" rating in a report on Friday, August 4th. Singular Research initiated coverage on shares of Control4 Corporation in a report on Monday, April 17th. With the last stock price close up 36.56% from the two hundred day average, compared with the S&P 500 Index which has increased 0.06% over the date range. Imperial Capital increased their target price on shares of Control4 Corporation from $16.00 to $19.00 and gave the stock an "in-line" rating in a research report on Monday, May 8th.

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According to Zacks, "Control4 Corporation is engaged in providing automation and control solutions for the connected home". 4,863 Marriott International Inc (NASDAQ:MAR) shares with value of $437,670 were sold by DUNCAN BRUCE W. Grissen David also sold $1.51 million worth of Marriott International Inc (NASDAQ:MAR) on Tuesday, February 21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

In related news, SVP Jefferson Dungan sold 28,044 shares of the stock in a transaction dated Monday, June 5th.

Sr VP Bryce Judd sold 4,759 shares at an average price of $18.15 on Friday the 19th. The disclosure for this sale can be found here. Insiders have sold a total of 228,031 shares of company stock worth $4,110,108 in the last 90 days. Following the completion of the sale, the insider now directly owns 26,795 shares in the company, valued at $477,218.95.

Large investors have recently modified their holdings of the company. Acadian Asset Management LLC acquired a new stake in shares of Control4 Corporation during the second quarter valued at approximately $4,519,000. State Street Corp now owns 269,394 shares of the electronics maker's stock worth $2,745,000 after buying an additional 17,270 shares in the last quarter. Alps Advisors Inc. increased its position in Control4 Corporation by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 400,649 shares of the electronics maker's stock valued at $6,326,000 after buying an additional 210,530 shares during the period. Wellington Shields Capital Management LLC bought a new stake in shares of Control4 Corporation during the second quarter worth about $600,000. Wells Fargo & Company MN now owns 57,225 shares of the electronics maker's stock valued at $904,000 after buying an additional 44,002 shares during the period. Finally, AXA purchased a new position in Control4 Corporation during the first quarter worth about $204,000.

Control4 Corporation (NASDAQ:CTRL) last posted its quarterly earnings results on Thursday, May 4th. These shares are worth $53,128 and were traded at $22.55 each. The 50 day moving average moved up $1.24 and the 200 day average went up $5.53 or +32.45%. Control4 Corporation has a 52-week low of $9.97 and a 52-week high of $24.94.

Control4 Corp has PE ratio of 82.81 with a one year low of $9.73 and a one year high of $24.94 and has a market capitalization of $0. Moreover, Rhumbline Advisers has 0% invested in Control4 Corp (NASDAQ:CTRL) for 22,255 shares. The electronics maker reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.09. Control4 Corporation had a net margin of 4.70% and a return on equity of 11.08%. The business had revenue of $61.40 million during the quarter, compared to analysts' expectations of $60.70 million. During the same quarter in the prior year, the company posted $0.23 earnings per share. The business's quarterly revenue was up 15.4% compared to the same quarter a year ago. On average, equities research analysts anticipate that Control4 Corporation will post $1.03 EPS for the current year.

Systematic Financial Management Lp owns $50.45 million in Control4 Corporation, which represents roughly 8.72% of the company's market cap and approximately 11.87% of the institutional ownership.



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