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Equities researchers at Canaccord Genuity upped their price objective on shares of Control4 Corp (NASDAQ:CTRL) from $23.00 to $25.00 in a research report issued on Wednesday, Analyst Ratings Net reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price objective indicates a potential upside of 10.23% from the stock’s previous close.

Shares of Control4 Corp (NASDAQ:CTRL) traded up 16.18% on Wednesday, hitting $23.41. 1,999,074 shares of the company’s stock traded hands. Control4 Corp has a one year low of $13.77 and a one year high of $32.50. The stock’s 50-day moving average is $22.26 and its 200-day moving average is $19.00. The company has a market cap of $533.1 million and a price-to-earnings ratio of 170.76.

Control4 Corp (NASDAQ:CTRL) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.01. The company had revenue of $35.80 million for the quarter, compared to the consensus estimate of $35.87 million. The company’s revenue for the quarter was up 16.6% on a year-over-year basis. On average, analysts predict that Control4 Corp will post $0.42 earnings per share for the current fiscal year.

A number of other analysts have also recently weighed in on CTRL. Analysts at Imperial Capital initiated coverage on shares of Control4 Corp in a research note on Tuesday, January 28th. They set an “outperform” rating and a $30.00 price target on the stock. Analysts at Dougherty & Co initiated coverage on shares of Control4 Corp in a research note on Wednesday, January 15th. They set a “buy” rating and a $30.00 price target on the stock. Eight analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and a consensus target price of $26.50.

Control4 Corporation is a provider of automation and control solutions for the connected home. The Company provides its consumers with the ability to integrate music, video, lighting, temperature, security, communications and other functionalities into a unified home automation solution.

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