Control4’s (NASDAQ:CTRL) Outperform Rating Reiterated at Imperial Capital

Control4 (NASDAQ:CTRL)‘s stock had its “outperform” rating restated by analysts at Imperial Capital in a note issued to investors on Monday, August 6th, Stock Target Advisor reports. They presently have a $30.00 target price on the electronics maker’s stock. Imperial Capital’s target price points to a potential downside of 7.44% from the stock’s current price.

CTRL has been the topic of a number of other reports. Maxim Group reaffirmed a “buy” rating and set a $36.00 price objective on shares of Control4 in a report on Friday, May 4th. Zacks Investment Research downgraded Control4 from a “strong-buy” rating to a “hold” rating in a report on Monday, April 16th. BidaskClub downgraded Control4 from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 26th. Needham & Company LLC lifted their price objective on Control4 from $31.00 to $33.00 and gave the company a “buy” rating in a report on Friday, August 3rd. Finally, Roth Capital set a $32.00 target price on Control4 and gave the stock a “buy” rating in a report on Friday, August 3rd. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $31.25.

Shares of Control4 stock traded down $0.21 during trading on Monday, reaching $32.41. The company’s stock had a trading volume of 612,300 shares, compared to its average volume of 434,496. Control4 has a one year low of $20.50 and a one year high of $37.30. The firm has a market capitalization of $879.16 million, a PE ratio of 43.59, a PEG ratio of 3.51 and a beta of -0.22.

Control4 (NASDAQ:CTRL) last issued its quarterly earnings results on Thursday, August 2nd. The electronics maker reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.21. Control4 had a return on equity of 15.03% and a net margin of 7.21%. The firm had revenue of $69.20 million for the quarter, compared to analyst estimates of $68.02 million. During the same period in the previous year, the company posted $0.32 earnings per share. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. analysts predict that Control4 will post 0.91 earnings per share for the current year.

In related news, SVP Bryce Judd sold 1,042 shares of the company’s stock in a transaction on Monday, July 2nd. The shares were sold at an average price of $24.11, for a total value of $25,122.62. Following the completion of the sale, the senior vice president now owns 1,042 shares in the company, valued at approximately $25,122.62. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Susan Cashen sold 10,384 shares of the company’s stock in a transaction on Monday, June 18th. The shares were sold at an average price of $25.14, for a total transaction of $261,053.76. Following the completion of the sale, the senior vice president now owns 3,829 shares of the company’s stock, valued at approximately $96,261.06. The disclosure for this sale can be found here. Insiders have sold a total of 550,446 shares of company stock valued at $17,842,746 in the last quarter. Corporate insiders own 6.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in CTRL. Piedmont Investment Advisors LLC acquired a new position in Control4 in the 2nd quarter worth $117,000. First Mercantile Trust Co. boosted its stake in Control4 by 79.4% in the 1st quarter. First Mercantile Trust Co. now owns 6,424 shares of the electronics maker’s stock worth $138,000 after purchasing an additional 2,843 shares during the period. Victory Capital Management Inc. boosted its stake in Control4 by 52.9% in the 1st quarter. Victory Capital Management Inc. now owns 7,403 shares of the electronics maker’s stock worth $159,000 after purchasing an additional 2,561 shares during the period. SG Americas Securities LLC acquired a new position in Control4 in the 2nd quarter worth $169,000. Finally, Granite Springs Asset Management LLC acquired a new position in Control4 in the 1st quarter worth $209,000. 79.36% of the stock is owned by hedge funds and other institutional investors.

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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