Control4 Corp (NASDAQ:CTRL) Given a $22.00 Price Target by Cowen and Company Analysts
Control4 Corp (NASDAQ:CTRL) has been assigned a $22.00 price objective by investment analysts at Cowen and Company in a research note issued to investors on Friday. The brokerage presently has a “hold” rating on the electronics maker’s stock. Cowen and Company’s price target indicates a potential downside of 1.26% from the company’s current price.
Several other equities analysts also recently weighed in on CTRL. Singular Research started coverage on shares of Control4 Corp in a report on Monday, April 17th. They issued a “buy” rating and a $21.00 price target on the stock. Zacks Investment Research upgraded shares of Control4 Corp from a “sell” rating to a “hold” rating in a report on Tuesday, April 18th. Imperial Capital increased their price target on shares of Control4 Corp from $16.00 to $19.00 and gave the stock an “in-line” rating in a report on Monday, May 8th. Maxim Group started coverage on shares of Control4 Corp in a report on Thursday, May 11th. They issued a “hold” rating and a $19.00 price target on the stock. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $22.00 price target on shares of Control4 Corp in a report on Wednesday, May 31st. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $19.63.
Shares of Control4 Corp (NASDAQ CTRL) opened at 22.28 on Friday. The company has a market capitalization of $542.32 million, a price-to-earnings ratio of 79.29 and a beta of -0.60. Control4 Corp has a 12 month low of $8.50 and a 12 month high of $24.94. The company’s 50-day moving average is $21.33 and its 200 day moving average is $17.04.
Control4 Corp (NASDAQ:CTRL) last issued its quarterly earnings results on Thursday, August 3rd. The electronics maker reported $0.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.09. Control4 Corp had a net margin of 6.34% and a return on equity of 10.68%. The company had revenue of $61.40 million for the quarter, compared to the consensus estimate of $60.70 million. During the same quarter in the prior year, the company earned $0.23 EPS. Control4 Corp’s quarterly revenue was up 15.4% on a year-over-year basis. On average, equities research analysts anticipate that Control4 Corp will post $0.96 earnings per share for the current year.
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In other news, SVP Jefferson Dungan sold 28,044 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $19.98, for a total transaction of $560,319.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Susan Cashen sold 1,768 shares of the firm’s stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $18.15, for a total transaction of $32,089.20. The disclosure for this sale can be found here. Insiders have sold a total of 230,582 shares of company stock worth $4,154,215 in the last ninety days. Corporate insiders own 6.10% of the company’s stock.
Several large investors have recently modified their holdings of the company. Legal & General Group Plc boosted its stake in shares of Control4 Corp 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 buying an additional 577 shares during the last quarter. UBS Group AG boosted its stake in shares of Control4 Corp by 6.3% in the first quarter. UBS Group AG now owns 7,727 shares of the electronics maker’s stock worth $122,000 after buying an additional 458 shares during the last quarter. TFS Capital LLC purchased a new stake in shares of Control4 Corp during the first quarter worth approximately $176,000. Hancock Holding Co. purchased a new stake in shares of Control4 Corp during the first quarter worth approximately $189,000. Finally, American International Group Inc. boosted its stake in shares of Control4 Corp by 7.1% in the first quarter. American International Group Inc. now owns 12,377 shares of the electronics maker’s stock worth $195,000 after buying an additional 822 shares during the last quarter. 75.98% of the stock is currently owned by institutional investors and hedge funds.
Control4 Corp Company Profile
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.
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