Investment analysts at Needham & Company lowered their price target on shares of Control4 Corp (NASDAQ:CTRL) from $25.00 to $23.00 in a note issued to investors on Friday, AnalystRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Needham & Company’s price target suggests a potential upside of 30.68% from the stock’s previous close.
Shares of Control4 Corp (NASDAQ:CTRL) traded up 6.99% during mid-day trading on Friday, hitting $17.60. 217,642 shares of the company’s stock traded hands. Control4 Corp has a one year low of $17.34 and a one year high of $24.00. The stock’s 50-day moving average is $17.32 and its 200-day moving average is $18.82. The company’s market cap is $400.0 million.
Control4 Corp (NASDAQ:CTRL) last announced its earnings results on Thursday, October 31st. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.04. The company had revenue of $33.64 million for the quarter, compared to the consensus estimate of $34.01 million. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. Analysts expect that Control4 Corp will post $0.29 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. initiated coverage on shares of Control4 Corp in a research note to investors on Thursday, August 29th. They set a “buy” rating on the stock. Separately, analysts at Canaccord Genuity initiated coverage on shares of Control4 Corp in a research note to investors on Tuesday, August 27th. They set a “buy” rating and a $23.00 price target on the stock. Finally, analysts at Merrill Lynch initiated coverage on shares of Control4 Corp in a research note to investors on Tuesday, August 27th. They set a “buy” rating on the stock. Seven research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and a consensus target price of $24.60.
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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