Control4 (CTRL) PT Set at $24.00 by Imperial Capital

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Imperial Capital set a $24.00 price objective on Control4 (NASDAQ:CTRL) in a research report report published on Tuesday, Marketbeat Ratings reports. The brokerage currently has a hold rating on the electronics maker’s stock.

A number of other research firms have also recently commented on CTRL. Zacks Investment Research cut shares of Control4 from a buy rating to a hold rating in a research report on Tuesday, August 14th. DA Davidson lifted their price objective on shares of Control4 to $38.00 and gave the stock a buy rating in a research report on Thursday, September 6th. Needham & Company LLC lifted their price objective 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. BidaskClub cut shares of Control4 from a hold rating to a sell rating in a research report on Saturday, October 27th. Finally, Cowen set a $40.00 price objective on shares of Control4 and gave the stock a buy rating in a research report on Monday, September 10th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $35.00.

Shares of NASDAQ:CTRL traded down $0.81 during midday trading on Tuesday, hitting $23.77. The stock had a trading volume of 627,493 shares, compared to its average volume of 560,513. Control4 has a 12 month low of $20.50 and a 12 month high of $37.62. The stock has a market capitalization of $642.33 million, a PE ratio of 25.58, a P/E/G ratio of 2.22 and a beta of 0.34.

Control4 (NASDAQ:CTRL) last released its earnings results on Thursday, November 1st. The electronics maker reported $0.38 earnings per share for the quarter, beating the 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 business had revenue of $71.59 million during the quarter, compared to analysts’ expectations of $71.52 million. During the same period last year, the business earned $0.35 earnings per share. The firm’s revenue was up 10.9% on a year-over-year basis. Research analysts predict that Control4 will post 0.94 EPS for the current year.

In other Control4 news, SVP Susan Cashen sold 7,335 shares of Control4 stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $31.64, for a total transaction of $232,079.40. Following the completion of the transaction, the senior vice president now directly owns 1,416 shares of the company’s stock, valued at $44,802.24. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Joshua D. Ellis sold 716 shares of Control4 stock in a transaction on Monday, September 17th. The stock was sold at an average price of $37.18, for a total transaction of $26,620.88. Following the transaction, the general counsel now directly owns 1,470 shares of the company’s stock, valued at $54,654.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 438,956 shares of company stock valued at $14,419,125. Company insiders own 6.10% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of CTRL. JPMorgan Chase & Co. lifted its holdings in shares of Control4 by 663.9% during the first quarter. JPMorgan Chase & Co. now owns 41,771 shares of the electronics maker’s stock worth $897,000 after buying an additional 36,303 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Control4 by 15.2% during the first quarter. Dimensional Fund Advisors LP now owns 1,081,596 shares of the electronics maker’s stock worth $23,233,000 after buying an additional 142,699 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Control4 by 5.6% during the first quarter. Principal Financial Group Inc. now owns 182,953 shares of the electronics maker’s stock worth $3,930,000 after buying an additional 9,621 shares in the last quarter. Guggenheim Capital LLC lifted its holdings in shares of Control4 by 6.5% during the first quarter. Guggenheim Capital LLC now owns 93,336 shares of the electronics maker’s stock worth $2,005,000 after buying an additional 5,714 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of Control4 by 1,687.7% during the first quarter. Millennium Management LLC now owns 385,463 shares of the electronics maker’s stock worth $8,280,000 after buying an additional 363,901 shares in the last quarter. 79.19% of the stock is owned by institutional investors.

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.

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