The stock of Control4 Corp (NASDAQ:CTRL) hit a new 52-week high and has $24.50 target or 100.00% above today’s $12.25 share price. The 9 months bullish chart indicates low risk for the $288.96 million company. The 1-year high was reported on Oct, 7 by Barchart.com. If the $24.50 price target is reached, the company will be worth $288.96M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 271,659 shares traded hands or 7.38% up from the average. Control4 Corp (NASDAQ:CTRL) has risen 35.39% since March 4, 2016 and is uptrending. It has outperformed by 27.35% the S&P500.
Analysts await Control4 Corp (NASDAQ:CTRL) to report earnings on November, 3. They expect $0.06 earnings per share, down 25.00% or $0.02 from last year’s $0.08 per share. CTRL’s profit will be $1.42 million for 51.04 P/E if the $0.06 EPS becomes a reality. After $0.02 actual earnings per share reported by Control4 Corp for the previous quarter, Wall Street now forecasts 200.00% EPS growth.
Control4 Corp (NASDAQ:CTRL) Ratings Coverage
Out of 4 analysts covering Control4 (NASDAQ:CTRL), 0 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 0 are positive. $11 is the highest target while $7.50 is the lowest. The $10.50 average target is -14.29% below today’s ($12.25) stock price. Control4 has been the topic of 5 analyst reports since July 31, 2015 according to StockzIntelligence Inc. On Tuesday, November 17 the stock rating was maintained by Imperial Capital with “In-Line”. The stock of Control4 Corp (NASDAQ:CTRL) has “Hold” rating given on Friday, July 31 by Canaccord Genuity. On Friday, October 30 the stock rating was downgraded by Bank of America to “Neutral”. The stock of Control4 Corp (NASDAQ:CTRL) earned “In-Line” rating by Imperial Capital on Friday, August 12. As per Friday, October 30, the company rating was downgraded by Needham.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment decreased to 0.88 in Q2 2016. Its down 1.37, from 2.25 in 2016Q1. The ratio turned negative, as 6 funds sold all Control4 Corp shares owned while 27 reduced positions. 9 funds bought stakes while 20 increased positions. They now own 17.28 million shares or 4.64% less from 18.12 million shares in 2016Q1.
Dimensional Fund Advsrs Ltd Partnership holds 18,378 shares or 0% of its portfolio. Pnc Fincl Svcs Grp Incorporated accumulated 0% or 40,400 shares. Foundation Capital reported 3.58 million shares or 7.08% of all its holdings. Murphy Michael R holds 625,127 shares or 2% of its portfolio. Renaissance Tech Limited Co holds 0% of its portfolio in Control4 Corp (NASDAQ:CTRL) for 82,600 shares. Morgan Stanley, a New York-based fund reported 466,314 shares. Thompson Davis And Com has invested 0% of its portfolio in Control4 Corp (NASDAQ:CTRL). Rhumbline Advisers has 0% invested in the company for 22,769 shares. Art Advsrs Limited Company has invested 0.01% of its portfolio in Control4 Corp (NASDAQ:CTRL). Huntington State Bank accumulated 951 shares or 0% of the stock. Systematic Mngmt L P holds 2.26M shares or 0.25% of its portfolio. Royal State Bank Of Canada reported 4,298 shares or 0% of all its holdings. Blackrock Fund Advsrs holds 0% of its portfolio in Control4 Corp (NASDAQ:CTRL) for 521,688 shares. Blackrock Institutional Trust Na has invested 0% of its portfolio in Control4 Corp (NASDAQ:CTRL). The Germany-based Deutsche Savings Bank Ag has invested 0% in Control4 Corp (NASDAQ:CTRL).
Insider Transactions: Since August 15, 2016, the stock had 0 insider buys, and 2 sales for $229,739 net activity. Dungan Jefferson sold $216,746 worth of stock or 20,032 shares. 1,178 shares with value of $12,993 were sold by Molyneux Phil on Monday, August 15.
More recent Control4 Corp (NASDAQ:CTRL) news were published by: Quotes.Wsj.com which released: “Control4 Corp. CTRL (US: Nasdaq)” on July 27, 2013. Also Fool.com published the news titled: “Why Control4 Corp.’s Shares Lost Control Today” on February 06, 2015. Fool.com‘s news article titled: “Why Control4 Corp. Shares Skyrocketed” with publication date: January 14, 2014 was also an interesting one.
CTRL Company Profile
Control4 Corporation (Control4), incorporated on March 27, 2003, is a well-known provider of automation and control solutions for the connected home. The Firm provides its clients 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.
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