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

CTRL has been the topic of a number of other reports. BidaskClub downgraded shares of Control4 from a buy rating to a hold rating in a research report on Saturday, September 1st. ValuEngine downgraded shares of Control4 from a buy rating to a hold rating in a research report on Tuesday, October 2nd. Maxim Group reiterated a buy rating and issued a $36.00 price target on shares of Control4 in a research report on Friday, August 3rd. DA Davidson increased their price target on shares of Control4 to $38.00 and gave the company a buy rating in a research report on Thursday, September 6th. Finally, Needham & Company LLC increased their price target on shares of Control4 from $31.00 to $33.00 and gave the company a buy rating in a research report on Friday, August 3rd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Control4 presently has a consensus rating of Hold and an average price target of $35.00.

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

Control4 (NASDAQ:CTRL) last announced its quarterly earnings results on Thursday, November 1st. The electronics maker reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.02. The business had revenue of $71.59 million for the quarter, compared to the consensus estimate of $71.52 million. Control4 had a net margin of 7.22% and a return on equity of 14.94%. Control4’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period last year, the company posted $0.35 EPS. On average, equities analysts anticipate that Control4 will post 0.94 earnings per share for the current year.

In other Control4 news, SVP Susan Cashen sold 7,522 shares of the firm’s stock in a transaction that occurred on Tuesday, November 6th. The shares were sold at an average price of $23.07, for a total transaction of $173,532.54. Following the sale, the senior vice president now directly owns 5,022 shares in the company, valued at approximately $115,857.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Martin Plaehn sold 104,380 shares of the firm’s stock in a transaction that occurred on Friday, August 17th. The stock was sold at an average price of $31.71, for a total transaction of $3,309,889.80. Following the sale, the chief executive officer now owns 117,815 shares in the company, valued at $3,735,913.65. The disclosure for this sale can be found here. Insiders have sold a total of 438,956 shares of company stock worth $14,419,125 over the last 90 days. Corporate insiders own 6.10% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Piedmont Investment Advisors LLC acquired a new stake in Control4 during the 2nd quarter worth approximately $117,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Control4 in the third quarter valued at approximately $129,000. Stratos Wealth Partners LTD. acquired a new stake in shares of Control4 in the third quarter valued at approximately $139,000. SG Americas Securities LLC acquired a new stake in shares of Control4 in the second quarter valued at approximately $169,000. Finally, Canandaigua National Bank & Trust Co. acquired a new stake in shares of Control4 in the third quarter valued at approximately $203,000. Hedge funds and other institutional investors own 79.19% of the company’s stock.

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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