Control4 (CTRL) Receives In-Line Rating from Imperial Capital

Control4 (NASDAQ:CTRL)‘s stock had its “in-line” rating reiterated by stock analysts at Imperial Capital in a note issued to investors on Wednesday, Stock Target Advisor reports. They currently have a $32.00 price objective on the electronics maker’s stock. Imperial Capital’s price target indicates a potential upside of 30.19% from the stock’s current price.

Several other equities research analysts have also commented on CTRL. BidaskClub upgraded Control4 from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 10th. Zacks Investment Research lowered Control4 from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th. Maxim Group reiterated a “buy” rating and set a $36.00 price objective on shares of Control4 in a research note on Friday, August 3rd. Needham & Company LLC boosted their price objective on Control4 from $31.00 to $33.00 and gave the stock a “buy” rating in a research note on Friday, August 3rd. Finally, Roth Capital set a $32.00 price objective on Control4 and gave the stock a “buy” rating in a research note on Friday, August 3rd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $35.00.

NASDAQ:CTRL opened at $24.58 on Wednesday. Control4 has a 12 month low of $20.50 and a 12 month high of $37.62. The company has a market cap of $632.98 million, a price-to-earnings ratio of 32.77, a PEG ratio of 2.19 and a beta of 0.34.

Control4 (NASDAQ:CTRL) last posted its quarterly earnings data on Thursday, November 1st. The electronics maker reported $0.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.02. Control4 had a return on equity of 14.94% and a net margin of 7.22%. The company had revenue of $71.59 million during the quarter, compared to analyst estimates of $71.52 million. During the same period in the previous year, the business earned $0.35 EPS. Control4’s quarterly revenue was up 10.9% on a year-over-year basis. As a group, equities analysts anticipate that Control4 will post 0.94 earnings per share for the current year.

In other news, SVP Susan Cashen sold 7,335 shares of the company’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $31.64, for a total value of $232,079.40. Following the completion of the sale, the senior vice president now directly owns 1,416 shares in the company, valued at $44,802.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Martin Plaehn sold 42,530 shares of the company’s stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $31.59, for a total value of $1,343,522.70. Following the completion of the sale, the chief executive officer now owns 117,815 shares of the company’s stock, valued at $3,721,775.85. The disclosure for this sale can be found here. Insiders sold 438,956 shares of company stock valued at $14,419,125 over the last 90 days. Company insiders own 6.10% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Victory Capital Management Inc. grew its position in shares of Control4 by 677.4% in the second quarter. Victory Capital Management Inc. now owns 57,552 shares of the electronics maker’s stock valued at $1,399,000 after purchasing an additional 50,149 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its position in shares of Control4 by 4.1% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 82,549 shares of the electronics maker’s stock valued at $2,007,000 after purchasing an additional 3,249 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Control4 by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 1,368,747 shares of the electronics maker’s stock valued at $33,275,000 after purchasing an additional 5,806 shares in the last quarter. Thompson Siegel & Walmsley LLC purchased a new stake in shares of Control4 in the second quarter valued at approximately $413,000. Finally, Essex Investment Management Co. LLC grew its position in shares of Control4 by 4.3% in the third quarter. Essex Investment Management Co. LLC now owns 74,419 shares of the electronics maker’s stock valued at $2,555,000 after purchasing an additional 3,056 shares in the last quarter. Institutional investors and hedge funds own 79.19% of the company’s stock.

About Control4

Control4 Corporation provides smart home and business solutions in the United States, Canada, and internationally. The company offers Control4 solution that functions as the operating system of the home, integrating audio, video, lighting, temperature, security, communications, and other devices into a unified automation solution.

Further Reading: Return on Investment (ROI)

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