Needham & Company LLC's target price would suggest a potential upside of 5.31% from the company's previous close.
In other Control4 Corporation news, Director Robert Born sold 2,356 shares of the business's stock in a transaction on Tuesday, August 8th. It also provides 4Sight subscription services, which allow consumers to control and monitor their homes remotely from their smartphone, tablet, or laptop. 436129 shares were traded on Control4 Corporation's last session. They now have a United States dollars 9 price target on the stock. Maxim Group initiated coverage on Control4 Corporation in a research report on Thursday, May 11th. Imperial Capital has "In-Line" rating and $16 target. Cowen and Company set a $22.00 price objective on shares of Control4 Corporation and gave the stock a "hold" rating in a research note on Friday. Zacks Investment Research raised Control4 Corporation from a "hold" rating to a "buy" rating and set a $20.00 price objective for the company in a research report on Wednesday, May 10th.
10/31/2015 - Control4 Corporation had its "hold" rating reiterated by analysts at Canaccord Genuity. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the past year is $19.57. Palisade Mgmt Ltd Limited Liability Company Nj holds 0.17% of its portfolio in Control4 Corp (NASDAQ:CTRL) for 454,052 shares. The company's P/E ratio is 80.32 and the market value is 549.38M. Control4 Corporation has a one year low of $9.73 and a one year high of $24.94. The firm's 50-day moving average is $21.93 and its 200-day moving average is $17.49.
National General Holdings Corp (NGHC) Downgraded by BidaskClub to Sell
On a similar note, the stock is -15.29% below its 50-day moving average, providing a measure of support for short positions. The insurance provider reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.39 by $0.28.
Control4 Corporation (CTRL) traded down 0.79% on Tuesday, reaching $22.57. The electronics maker reported $0.32 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.23 by $0.09. The business had revenue of $61.40 million for the quarter, compared to analyst estimates of $60.70 million. Control4 Corporation had a net margin of 3.31% and a return on equity of 7.58%. The firm's revenue for the quarter was up 15.4% on a year-over-year basis. During the same period a year ago, the firm earned $0.23 EPS. Control4 Corporation (NASDAQ:CTRL) notched a 12-month high of $23.67 while $26.00 target is by far the most aggressive out of analysts who are now evaluating CTRL, $2.33 higher than the next highest 52-week price estimate. If you are viewing this report on another site, it was copied illegally and republished in violation of United States and global copyright legislation. The original version of this article can be read at https://www.thecerbatgem.com/2017/08/11/control4-corporation-ctrl-stake-held-by-central-trust-co-updated-updated-updated.html. The stock had a trading volume of 334,141 shares.
Sr VP Bryce Judd sold 4,759 shares at an average price of $18.15 on Friday the 19th. Another trade for 1,768 shares valued at $32,089 was made by Cashen Susan on Friday, May 19. Insiders sold a total of 228,031 shares of company stock valued at $4,110,108 over the last three months. Following the completion of the sale, the director now directly owns 15,433 shares of the company's stock, valued at approximately $348,014.15. Development disclosed the sale of 28,044 shares. Insiders have sold a total of 230,582 shares of company stock worth $4,154,215 over the last three months.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. bought a new position in shares of Control4 Corporation during the fourth quarter worth about $571,000. American Century Companies Inc expanded its position by buying 43,846 shares an increase of 78.4% as of 06/30/2017. Legal & General Group Plc increased its position in Control4 Corporation by 11.7% in the second quarter. First Trust Advisors LP now owns 34,024 shares of the electronics maker's stock valued at $537,000 after buying an additional 873 shares during the period. Renaissance Technologies LLC now owns 260,700 shares of the electronics maker's stock worth $2,659,000 after buying an additional 93,000 shares in the last quarter. Finally, AXA purchased a new position in Control4 Corporation during the first quarter worth about $204,000. The Stock becomes significant when you consider how many shares are shorted versus the average daily volume, means how many days to cover those short shares at that volume. Finally, Dimensional Fund Advisors LP boosted its position in shares of Control4 Corporation by 110.7% in the first quarter. UBS Group AG now owns 7,727 shares of the electronics maker's stock worth $122,000 after buying an additional 458 shares in the last quarter. Corporate insiders own 6.10% of the company's stock.