The stock was sold at an average price of $17.44, for a total transaction of $443,917.76. Zacks Investment Research's target price would indicate a potential upside of 8.18% from the company's previous close. Control4 Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Born Robert has sold 2,356 shares of Control4 Corporation (CTRL) in trading session dated August 08, 2017. It also provides 4Sight subscription services, which allow consumers to control and monitor their homes remotely from their smartphone, tablet, or laptop. Singular Research initiated coverage on shares of Control4 Corporation in a report on Monday, April 17th. UBS Group AG now owns 7,727 shares of the electronics maker's stock worth $122,000 after buying an additional 458 shares during the last quarter. Cowen and Company set a $22.00 price objective on Control4 Corporation and gave the stock a "hold" rating in a report on Friday, August 4th. Imperial Capital raised their price target on shares of Control4 Corporation from $16.00 to $19.00 and gave the company an "in-line" rating in a research note on Monday, May 8th.
WARNING: "Control4 Corporation's (NASDAQ:CTRL) Buy Rating Reiterated at Needham & Company LLC" was posted by TheOlympiaReport and is the property of of TheOlympiaReport. Needham & Company LLC reaffirmed a "buy" rating and issued a $22.00 target price on shares of Control4 Corporation in a report on Wednesday, May 31st. Finally, BidaskClub cut Control4 Corporation from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, July 25th. Canaccord Genuity lowered the price target and downgraded the stock on May 1 changing the price target from $17.00 to $13.00 and altering the rating from "Buy" to "Hold". Tudor Invest Corp Et Al holds 0.01% of its portfolio in Control4 Corp (NASDAQ:CTRL) for 29,480 shares. The firm has a market capitalization of $559.84 million, a PE ratio of 82.14 and a beta of -0.64. Control4 Corporation has a one year low of $9.73 and a one year high of $24.94. The 50 day moving average moved up $1.24 and the 200 day average went up $5.53 or +32.45%.
Control4 Corporation (NASDAQ:CTRL) last released its quarterly earnings results on Thursday, August 3rd. Next quarter's EPS is estimated at $0.34 and the next full year EPS is projected to be $1.15. The business had revenue of $50.20 million for the quarter, compared to the consensus estimate of $47.29 million. Control4 Corporation had a return on equity of 11.08% and a net margin of 4.70%. Control4 Corporation's revenue for the quarter was up 16.7% compared to the same quarter previous year. During the same period past year, the firm earned $0.23 EPS. Equities analysts anticipate that Control4 Corporation will post $1.04 EPS for the current fiscal year.
GC, Chief Compl. Officer, Sec, Bishop Greg, sold 2,254 common shares of Control4 Corporation (CTRL) in the open market. If you are accessing this article on another site, it was stolen and republished in violation of United States & global copyright legislation. The correct version of this piece can be viewed at https://stocknewstimes.com/2017/08/08/control4-corporation-ctrl-given-average-recommendation-of-buy-by-brokerages-updated-updated.html. Trading volume was up 30.34% over the stocks average daily volume. The shares were sold at an average price of $17.81, for a total transaction of $376,556.83.
In related news, SVP Susan Cashen sold 1,768 shares of the firm's stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $22.55, for a total transaction of $53,127.80. Following the transaction, the senior vice president now owns 51,597 shares in the company, valued at approximately $917,394.66. SVP Bus. Development Jefferson Dungan disclosed the sale of 28,044 shares of (CTRL).
A number of hedge funds and other institutional investors have recently modified their holdings of CTRL. Frontier Capital Management Co LLC now holds 1,274,599 shares valued at $24,995,000.
American Century Companies Inc augmented its investment by buying 43,846 shares an increase of 78.4% in the quarter. Strs Ohio increased its stake in shares of Control4 Corporation by 109.0% in the second quarter. Bank of New York Mellon Corp now owns 729,785 shares of the electronics maker's stock worth $14,311,000 after buying an additional 630,921 shares during the last quarter. Wells Fargo & Company MN now owns 57,225 shares of the electronics maker's stock valued at $904,000 after buying an additional 44,002 shares during the period. Finally, Two Sigma Investments LP increased its stake in Control4 Corporation by 64.9% in the fourth quarter. Trading was heavy with 656K shares changing hands on Thursday. LLC bought a new stake in shares of Control4 Corporation during the second quarter worth about $941,000. Dimensional Fund Advisors LP now owns 400,649 shares of the electronics maker's stock worth $6,326,000 after buying an additional 210,530 shares during the last quarter. Institutional investors own 75.12% of the company's stock.
Control4 Corporation is a well-known provider of smart home and business solutions.