Trading Report: Today, Imperial Capital Increases Control4 Corp. (CTRL) Price Target to $12.00

Today, Imperial Capital Increases Control4 Corp. (CTRL) Price Target to $12.00

Control4 Corp. (NASDAQ:CTRL) had its price target boosted by research analysts at Imperial Capital from $11.00 to $12.00 in a research report issued on Monday. The firm presently has an “in-line” rating on the stock. Imperial Capital’s price target would suggest a potential upside of 4.90% from the stock’s previous close.

Other analysts have also recently issued reports about the company. Zacks Investment Research upgraded Control4 Corp. from a “hold” rating to a “buy” rating and set a $9.75 price target on the stock in a research report on Wednesday, July 20th. TheStreet upgraded Control4 Corp. from a “sell” rating to a “hold” rating in a report on Monday, August 1st.

Shares of Control4 Corp. (NASDAQ:CTRL) opened at 11.44 on Monday. Control4 Corp. has a 12-month low of $5.41 and a 12-month high of $12.60. The firm has a market cap of $270.43 million, a P/E ratio of 33.45 and a beta of -1.00. The firm’s 50-day moving average price is $11.53 and its 200 day moving average price is $9.99.

Control4 Corp. (NASDAQ:CTRL) last announced its quarterly earnings results on Thursday, November 3rd. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05. Control4 Corp. had a return on equity of 3.29% and a net margin of 4.26%. The firm had revenue of $55.19 million for the quarter, compared to analysts’ expectations of $53.60 million. During the same period in the prior year, the business posted $0.14 earnings per share. The business’s revenue was up 26.7% compared to the same quarter last year. On average, equities analysts expect that Control4 Corp. will post $0.77 earnings per share for the current fiscal year.

In other news, SVP Jefferson Dungan sold 20,032 shares of the stock in a transaction on Friday, September 16th. The stock was sold at an average price of $10.82, for a total transaction of $216,746.24. Following the sale, the senior vice president now owns 48,076 shares in the company, valued at $520,182.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 6.10% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Rhumbline Advisers boosted its position in Control4 Corp. by 1.0% in the third quarter. Rhumbline Advisers now owns 22,999 shares of the company’s stock valued at $282,000 after buying an additional 230 shares in the last quarter. BlackRock Inc. boosted its position in Control4 Corp. by 2.0% in the third quarter. BlackRock Inc. now owns 15,027 shares of the company’s stock valued at $185,000 after buying an additional 298 shares in the last quarter. California State Teachers Retirement System boosted its position in Control4 Corp. by 0.7% in the third quarter. California State Teachers Retirement System now owns 42,438 shares of the company’s stock valued at $521,000 after buying an additional 300 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in Control4 Corp. by 1.2% in the second quarter. Parametric Portfolio Associates LLC now owns 27,432 shares of the company’s stock valued at $224,000 after buying an additional 323 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in Control4 Corp. by 1.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 54,547 shares of the company’s stock valued at $446,000 after buying an additional 756 shares in the last quarter. Institutional investors own 64.54% of the company’s stock.

Control4 Corp. Company Profile

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