BidaskClub upgraded shares of Control4 (NASDAQ:CTRL) from a hold rating to a buy rating in a report published on Wednesday.

A number of other research firms also recently weighed in on CTRL. Imperial Capital downgraded Control4 from an outperform rating to an in-line rating and set a $32.00 price target on the stock. in a research note on Tuesday, August 28th. Cowen set a $40.00 price objective on Control4 and gave the stock a buy rating in a research note on Monday, September 10th. DA Davidson raised their price objective on Control4 to $38.00 and gave the stock a buy rating in a research note on Thursday, September 6th. Zacks Investment Research downgraded Control4 from a buy rating to a hold rating in a research note on Tuesday, August 14th. Finally, Needham & Company LLC raised their price objective on Control4 from $31.00 to $33.00 and gave the stock a buy rating in a research note on Friday, August 3rd. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Control4 has an average rating of Buy and an average price target of $33.50.

CTRL stock opened at $37.14 on Wednesday. The firm has a market capitalization of $946.23 million, a PE ratio of 39.41, a P/E/G ratio of 3.45 and a beta of -0.10. Control4 has a twelve month low of $20.50 and a twelve month high of $37.62.

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

In related news, General Counsel Joshua D. Ellis sold 716 shares of the firm’s stock in a transaction on Monday, September 10th. The stock was sold at an average price of $35.18, for a total transaction of $25,188.88. Following the sale, the general counsel now owns 2,186 shares of the company’s stock, valued at approximately $76,903.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Bryce Judd sold 1,042 shares of Control4 stock in a transaction dated 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 directly owns 1,042 shares in the company, valued at approximately $25,122.62. The disclosure for this sale can be found here. Insiders have sold a total of 552,920 shares of company stock worth $17,925,175 in the last ninety days. 6.10% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CTRL. Rhumbline Advisers raised its stake in shares of Control4 by 6.0% in the 1st quarter. Rhumbline Advisers now owns 50,861 shares of the electronics maker’s stock valued at $1,092,000 after purchasing an additional 2,866 shares during the period. Victory Capital Management Inc. raised its stake in shares of Control4 by 52.9% in the 1st quarter. Victory Capital Management Inc. now owns 7,403 shares of the electronics maker’s stock valued at $159,000 after purchasing an additional 2,561 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of Control4 by 2.8% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 114,957 shares of the electronics maker’s stock valued at $2,470,000 after purchasing an additional 3,144 shares during the period. First Mercantile Trust Co. raised its stake in shares of Control4 by 79.4% in the 1st quarter. First Mercantile Trust Co. now owns 6,424 shares of the electronics maker’s stock valued at $138,000 after purchasing an additional 2,843 shares during the period. Finally, Stevens Capital Management LP acquired a new stake in shares of Control4 in the 1st quarter valued at about $483,000. 79.40% of the stock is currently owned by hedge funds and other 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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Analyst Recommendations for Control4 (NASDAQ:CTRL)

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