Control4 (CTRL) Given a $24.00 Price Target at Imperial Capital

Control4 (NASDAQ:CTRL) has been assigned a $24.00 price objective by Imperial Capital in a research note issued on Tuesday, MarketBeat.com reports. The firm presently has a “hold” rating on the electronics maker’s stock. Imperial Capital’s target price points to a potential upside of 1.27% from the company’s previous close.

Other equities analysts have also recently issued research reports about the stock. ValuEngine raised shares of Control4 from a “hold” rating to a “buy” rating in a research report on Friday, August 3rd. Roth Capital set a $32.00 target price on shares of Control4 and gave the stock a “buy” rating in a research report on Friday, August 3rd. Needham & Company LLC lifted their target price on shares of Control4 from $31.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, August 3rd. Maxim Group reissued a “buy” rating and set a $36.00 target price on shares of Control4 in a research report on Friday, August 3rd. Finally, BidaskClub raised shares of Control4 from a “hold” rating to a “buy” rating in a research report on Wednesday, September 12th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $34.00.

Control4 stock opened at $23.70 on Tuesday. Control4 has a 52 week low of $20.50 and a 52 week high of $37.62. The company has a market cap of $624.21 million, a price-to-earnings ratio of 31.60, a PEG ratio of 2.24 and a beta of 0.34.

Control4 (NASDAQ:CTRL) last posted its earnings results 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 net margin of 7.22% and a return on equity of 14.94%. The firm had revenue of $71.59 million for the quarter, compared to analysts’ expectations of $71.52 million. During the same quarter last year, the firm earned $0.35 EPS. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. On average, sell-side analysts forecast that Control4 will post 0.94 earnings per share for the current year.

In other news, General Counsel Joshua D. Ellis sold 716 shares of the firm’s stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $35.18, for a total transaction of $25,188.88. Following the completion of the sale, the general counsel now owns 2,186 shares in the company, valued at approximately $76,903.48. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Bryce Judd sold 1,042 shares of Control4 stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $32.56, for a total transaction of $33,927.52. Following the completion of the transaction, the senior vice president now owns 1,042 shares of the company’s stock, valued at $33,927.52. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 547,956 shares of company stock valued at $17,877,825. 4.40% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Systematic Financial Management LP lifted its stake in Control4 by 6.9% in the third quarter. Systematic Financial Management LP now owns 913,788 shares of the electronics maker’s stock worth $31,370,000 after purchasing an additional 58,693 shares during the last quarter. Penserra Capital Management LLC bought a new stake in Control4 in the third quarter worth $5,402,000. RPG Investment Advisory LLC lifted its stake in Control4 by 6.6% in the third quarter. RPG Investment Advisory LLC now owns 115,864 shares of the electronics maker’s stock worth $3,978,000 after purchasing an additional 7,177 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its stake in Control4 by 18.1% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 104,130 shares of the electronics maker’s stock worth $3,575,000 after purchasing an additional 15,980 shares during the last quarter. Finally, Canandaigua National Bank & Trust Co. bought a new stake in Control4 in the third quarter worth $203,000. Institutional investors and hedge funds own 79.19% of the company’s stock.

Control4 Company Profile

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.

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