Control4 Corp (CTRL) PT Set at $30.00 by Cowen and Company

Control4 Corp (NASDAQ:CTRL) has been given a $30.00 price objective by equities research analysts at Cowen and Company in a report released on Wednesday. The brokerage currently has a “buy” rating on the electronics maker’s stock. Cowen and Company’s target price would indicate a potential downside of 4.85% from the stock’s current price.

A number of other research analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Control4 Corp from a “buy” rating to a “hold” rating in a research report on Monday, October 9th. Needham & Company LLC reissued a “buy” rating and set a $27.00 target price (up previously from $25.00) on shares of Control4 Corp in a research report on Monday, September 11th. Finally, BidaskClub downgraded shares of Control4 Corp from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 22nd. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Control4 Corp currently has a consensus rating of “Buy” and a consensus price target of $24.00.

Control4 Corp (NASDAQ CTRL) traded up $3.88 during midday trading on Wednesday, reaching $31.53. 488,842 shares of the company’s stock were exchanged, compared to its average volume of 527,875. The stock has a market cap of $783.70 million, a P/E ratio of 42.54, a price-to-earnings-growth ratio of 3.11 and a beta of -0.57. Control4 Corp has a 1-year low of $9.97 and a 1-year high of $34.10.

Control4 Corp (NASDAQ:CTRL) last posted its earnings results on Thursday, November 2nd. The electronics maker reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.20. The business had revenue of $64.70 million for the quarter, compared to the consensus estimate of $63.59 million. Control4 Corp had a net margin of 5.96% and a return on equity of 12.00%. The company’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.26 EPS. analysts expect that Control4 Corp will post 0.59 earnings per share for the current year.

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In other news, SVP Susan Cashen sold 1,768 shares of Control4 Corp stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $22.87, for a total value of $40,434.16. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Mark Novakovich sold 2,168 shares of Control4 Corp stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $22.87, for a total transaction of $49,582.16. Following the completion of the transaction, the chief financial officer now directly owns 18,495 shares in the company, valued at approximately $422,980.65. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,546 shares of company stock worth $194,603. Insiders own 6.10% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Alps Advisors Inc. grew its position in shares of Control4 Corp by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 32,663 shares of the electronics maker’s stock worth $641,000 after buying an additional 84 shares during the last quarter. First Trust Advisors LP grew its position in shares of Control4 Corp by 0.4% in the 2nd quarter. First Trust Advisors LP now owns 34,166 shares of the electronics maker’s stock worth $670,000 after buying an additional 142 shares during the last quarter. UBS Group AG grew its position in Control4 Corp by 6.3% during the 1st quarter. UBS Group AG now owns 7,727 shares of the electronics maker’s stock worth $122,000 after purchasing an additional 458 shares during the last quarter. Legal & General Group Plc grew its position in Control4 Corp by 11.7% during the 2nd quarter. Legal & General Group Plc now owns 5,506 shares of the electronics maker’s stock worth $107,000 after purchasing an additional 577 shares during the last quarter. Finally, American International Group Inc. grew its position in Control4 Corp by 7.1% during the 1st quarter. American International Group Inc. now owns 12,377 shares of the electronics maker’s stock worth $195,000 after purchasing an additional 822 shares during the last quarter. 74.37% of the stock is currently owned by hedge funds and other institutional investors.

About Control4 Corp

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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