Analysts Set Control4 Corporation (CTRL) Price Target at $21.63

Cornelia Mascio
Settembre 13, 2017

The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $21.88.

Other equities research analysts also recently issued reports about the company. BidaskClub raised Control4 Corporation from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 12th.

Odey Asset Management Group Ltd holds 1.07% of its portfolio in Control4 Corp for 1.00 million shares. The company has market cap of $673.09 million. The value of the investment in Control4 Corporation increased from $11,000 to $24,000 increasing 118.2% for the reporting period.

On September 8 the stock rating was upgraded to "Outperform" from " in a statement from Cowen & Co.

ILLEGAL ACTIVITY NOTICE: "Control4 Corporation (CTRL) Lifted to "Outperform" at Cowen and Company" was first posted by BBNS and is the sole property of of BBNS. If you are viewing this story on another domain, it was copied illegally and republished in violation of USA & global copyright & trademark legislation. The original version of this piece of content can be accessed at https://www.truebluetribune.com/2017/09/11/russell-investments-group-ltd-sells-12040-shares-of-control4-corporation-ctrl.html. Also, SVP Susan Cashen sold 1,768 shares of the stock in a transaction that occurred on Thursday, August 17th. The stock was 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 Securities & Exchange Commission, which is available through the SEC website. Imperial Capital analyst J. Kessler now forecasts that the firm will post earnings of ($0.07) per share for the quarter, down from their previous estimate of ($0.04). The stock was sold at an average price of $22.83, for a total value of $51,458.82. Following the sale, the insider now directly owns 14,295 shares of the company's stock, valued at $204,990.30. The disclosure for this sale can be found here.

A number of large investors have recently made changes to their positions in CTRL. American International Group Inc. raised its stake in shares of Control4 Corporation by 7.1% during the 1st quarter. Legal & General Group Plc now owns 5,506 shares of the electronics maker's stock valued at $107,000 after purchasing an additional 577 shares during the period. First Trust Advisors LP increased its stake in Control4 Corporation by 7.7% in the second quarter. NY now owns 15,450 shares of the company's stock worth $158,000 after buying an additional 2,406 shares during the last quarter. Wells Fargo & Company MN increased its stake in Control4 Corporation by 173.0% in the third quarter. P2 Capital Partners Llc owns 738,081 shares or 0.99% of their U.S. portfolio. Finally, Eagle Global Advisors LLC bought a new stake in Control4 Corporation during the third quarter worth $250,000. Institutional investors and hedge funds own 74.27% of the company's stock. About shares traded. Control4 Corp (NASDAQ:CTRL) has risen 139.51% since September 12, 2016 and is uptrending. The firm has a 50 day moving average of $23.64 and a 200-day moving average of $19.24. Control4 Corporation has a 12-month low of $9.97 and a 12-month high of $27.17.

Control4 Corporation (NASDAQ:CTRL) last issued its quarterly earnings results on Thursday, August 3rd. As of the latest earnings report the EPS was $0.41 and is estimated to be $1.04 for the current year with 24,855,000 shares now outstanding. The business had revenue of $61.40 million during the quarter, compared to analyst estimates of $60.70 million. Control4 Corporation had a return on equity of 10.77% and a net margin of 4.70%. The company's revenue was up 15.4% on a year-over-year basis. During the same period past year, the firm earned $0.07 EPS. Analysts expect next quarter's EPS to be $0.34 and the next full year EPS is anticipated to be $1.17.

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