In the market the company is trading up by 7.85 percent from yesterday’s close. Shares are trading at $22.25 just above the 50 day moving average of $19.23 and which is slightly above the 200 day moving average of $15.21. The 50 day moving average was up by +13.61% and the 200 day average moved up $6.64.
Traders are a little more bearish of late as inferred by the uptick in short interest. The firm experienced a rise in short interest of 1.71% between June 15, 2017 and May 31, 2017. Short interest grew from 592,489 to 602,621 over that period. Days to cover decreased -0.2 to 1.0 and the percentage of shorted shares was 0.02% on May 31.
Here is the rundown on market activity for Control4 Corporation (NASDAQ:CTRL). Jefferson Dungan, SVP Bus. Development sold $560,319 worth of shares at an average price of $19.98 on June 5th. That brings Dungan’s holdings to $0 as recorded in a recent Form 4 SEC filing. Bryce Judd, Sr VP sold $86,376 worth of shares at an average price of $18.15 on Fri the 19th. That brings the Sr VP’s holdings to $0 per an SEC filing yesterday.
Greg Bishop, GC, Chief Compl. Officer, Sec disclosed the sale of 2,254 shares of (CTRL). The shares were purchased at an average price of $18.15. Bishop now owns $259,454 of the stock according to the SEC filing.
Control4 Corporation (Control4), launched on March 27, 2003, is a provider of smart home and business solutions. The Business’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. The Business’s software, delivered through its controller and user-interface products together with various cloud services power this customized experience, enabling cohesive interoperability with thousands of connected Control4 and third-party devices. Its Control4 solution integrates various third-party devices and systems into a unified solution for mainstream consumers. Through its unified software platform, consumers can interact with their entire automated home without learning multiple interfaces or various remote controls. The Business’s solution enables its consumers to personalize the features and functionality of their Control4 system..
Here are a few other firms who have also updated their positions. As of the end of the quarter Mackenzie Financial Corp had acquired 66,801 shares growing its stake by 32.5%. The value of the investment in (CTRL) increased from $2,099,000 to $4,305,000 a change of 105.1% for the reporting period. As of quarter end Morgan Stanley had bought a total of 600 shares growing its holdings by 6.0%. The value of the company’s investment in Control4 Corporation went from $102,000 to $167,000 a change of $65,000 since the last quarter.
Goldman Sachs Group Inc grew its investment by buying 78,305 shares an increase of 142.0% as of 03/31/2017. Goldman Sachs Group Inc owns 133,430 shares with a value of $2,107,000. The total value of its holdings increased 274.9%. As of quarter end Tenzing Global Management, LLC had sold a total of 75,000 shares trimming its position 8.3%. The value of the investment in Control4 Corporation increased from $9,180,000 to $13,027,000 increasing 41.9% quarter to quarter.
On October 30, 2015 the stock rating was set at “Neutral” according to a Bank of America report a cut from the previous “Buy” rating. On October 30 the company was changed to a “Hold” in a report from Needham down from the previous “Buy” rating.
Imperial Capital lowered the price target and downgraded the stock on May 4 changing the price target from $19.00 to $11.00 and changing the rating from “Outperform” to “In-line”. On May 4 the stock rating was downgraded from “Outperform” to “In-line” and a price target of $11.00 was set in a statement from Imperial Capital.
On May 1 the company was downgraded to “Hold” from “Buy” with a current price target of $13.00 in a report issued by Canaccord Genuity. Equity analyst Canaccord Genuity downgraded the stock and lowered the price target on May 1 changing the price objective from $17.00 to $13.00 and setting the rating at “Hold” which had previously been “Buy”.
The P/E ratio is currently 77.76 and market capitalization is 531.85M. As of the latest earnings report the EPS was $0.28 and is expected to be $0.96 for the current year with 24,341,000 shares outstanding. Analysts expect next quarter’s EPS will be $0.27 with next year’s EPS projected to be $1.10.