Control4 (NASDAQ:CTRL) had its target price upped by stock analysts at Imperial Capital from $28.00 to $30.00 in a report released on Tuesday, January 23rd, MarketBeat Ratings reports. The brokerage presently has an “in-line” rating on the electronics maker’s stock. Imperial Capital’s price target suggests a potential upside of 8.70% from the company’s previous close. Imperial Capital also issued estimates for Control4’s Q1 2018 earnings at $0.01 EPS, Q2 2018 earnings at $0.21 EPS, Q3 2018 earnings at $0.27 EPS, Q4 2018 earnings at $0.30 EPS and FY2018 earnings at $0.80 EPS.

CTRL has been the topic of a number of other reports. UBS Group lowered shares of Control4 from an “outperform” rating to a “market perform” rating in a research note on Friday, November 3rd. Cowen set a $30.00 target price on shares of Control4 and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Maxim Group restated a “hold” rating and set a $33.00 target price on shares of Control4 in a research note on Friday, November 3rd. Zacks Investment Research lowered shares of Control4 from a “buy” rating to a “hold” rating in a research note on Monday, October 9th. Finally, Needham & Company LLC restated a “buy” rating and set a $30.00 target price on shares of Control4 in a research note on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. Control4 has an average rating of “Hold” and an average price target of $26.88.

Control4 (NASDAQ CTRL) opened at $27.60 on Tuesday. The company has a market cap of $684.97 and a PE ratio of 52.08. Control4 has a 1 year low of $11.00 and a 1 year high of $35.99.

Control4 (NASDAQ:CTRL) last issued its quarterly earnings results on Thursday, November 2nd. The electronics maker reported $0.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.20. The company had revenue of $64.70 million for the quarter, compared to analyst estimates of $63.59 million. Control4 had a net margin of 5.96% and a return on equity of 11.63%. The business’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.26 earnings per share. research analysts predict that Control4 will post 0.68 earnings per share for the current fiscal year.

In related news, insider Greg Bishop sold 2,254 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $32.90, for a total transaction of $74,156.60. Following the completion of the sale, the insider now directly owns 15,961 shares of the company’s stock, valued at $525,116.90. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Martin Plaehn sold 222,000 shares of the stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $32.25, for a total value of $7,159,500.00. Following the sale, the chief executive officer now directly owns 169,257 shares of the company’s stock, valued at $5,458,538.25. The disclosure for this sale can be found here. Insiders sold 389,534 shares of company stock valued at $12,639,835 over the last three months. Corporate insiders own 6.10% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in CTRL. Schwab Charles Investment Management Inc. raised its position in Control4 by 16.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 73,087 shares of the electronics maker’s stock worth $1,434,000 after acquiring an additional 10,242 shares in the last quarter. Rhumbline Advisers raised its position in Control4 by 13.8% in the second quarter. Rhumbline Advisers now owns 26,283 shares of the electronics maker’s stock worth $515,000 after acquiring an additional 3,187 shares in the last quarter. Legal & General Group Plc raised its position in Control4 by 11.7% in the second quarter. Legal & General Group Plc now owns 5,506 shares of the electronics maker’s stock worth $107,000 after acquiring an additional 577 shares in the last quarter. Wells Fargo & Company MN raised its position in Control4 by 35.6% in the second quarter. Wells Fargo & Company MN now owns 77,618 shares of the electronics maker’s stock worth $1,522,000 after acquiring an additional 20,393 shares in the last quarter. Finally, Alliancebernstein L.P. purchased a new position in Control4 in the second quarter worth $437,000. Hedge funds and other institutional investors own 76.17% of the company’s stock.

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About Control4

Control4 Corporation (Control4) is a provider of smart home and business solutions. The Company’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.

Analyst Recommendations for Control4 (NASDAQ:CTRL)

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