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Research analysts at Dougherty & Co initiated coverage on shares of Control4 Corp (NASDAQ:CTRL) in a report released on Wednesday, reports. The firm set a “buy” rating and a $30.00 price target on the stock. Dougherty & Co’s price objective would indicate a potential upside of 17.69% from the company’s current price.

Control4 Corp (NASDAQ:CTRL) traded up 9.89% during mid-day trading on Wednesday, hitting $28.01. 216,925 shares of the company’s stock traded hands. Control4 Corp has a one year low of $13.77 and a one year high of $29.30. The stock has a 50-day moving average of $16.95 and a 200-day moving average of $18.0. The company has a market cap of $637.8 million and a P/E ratio of 216.02.

Control4 Corp (NASDAQ:CTRL) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.12 EPS for the quarter, beating the Thomson Reuters 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 quarterly revenue was up 17.6% on a year-over-year basis. Analysts expect that Control4 Corp will post $0.33 EPS for the current fiscal year.

Separately, analysts at Needham & Company cut their price target on shares of Control4 Corp from $25.00 to $23.00 in a research note to investors on Friday, November 1st. They now have a “buy” rating on the stock. Eight investment analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus price target of $25.50.

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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