Interactive Intelligence Group Inc. (NASDAQ:ININ) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $52.90 and last traded at $52.81, with a volume of 600,742 shares changing hands. The stock had previously closed at $44.49.

Several research firms have issued reports on ININ. Zacks Investment Research raised Interactive Intelligence Group from a “sell” rating to a “hold” rating in a report on Thursday, June 9th. Morgan Stanley reaffirmed a “hold” rating on shares of Interactive Intelligence Group in a report on Monday, May 2nd. Roth Capital reiterated a “buy” rating on shares of Interactive Intelligence Group in a research report on Saturday, April 30th. Sidoti cut shares of Interactive Intelligence Group from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 20th. Finally, Summit Redstone reiterated a “hold” rating and set a $46.00 price objective on shares of Interactive Intelligence Group in a research report on Friday, July 15th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Interactive Intelligence Group has an average rating of “Hold” and an average target price of $41.17.

The company’s 50-day moving average is $42.24 and its 200-day moving average is $35.45. The company’s market cap is $1.19 billion.

Interactive Intelligence Group (NASDAQ:ININ) last released its quarterly earnings results on Monday, May 2nd. The company reported ($0.18) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by $0.07. During the same quarter in the prior year, the business earned ($0.04) earnings per share. The firm had revenue of $99.28 million for the quarter, compared to analyst estimates of $101.64 million. Interactive Intelligence Group’s revenue was up 11.0% compared to the same quarter last year. On average, equities analysts predict that Interactive Intelligence Group Inc. will post ($0.10) earnings per share for the current year.

A hedge fund recently raised its stake in Interactive Intelligence Group stock. Bank of Montreal Can raised its stake in shares of Interactive Intelligence Group Inc. (NASDAQ:ININ) by 149,034.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 147,643 shares of the company’s stock after buying an additional 147,544 shares during the period. Bank of Montreal Can owned approximately 0.68% of Interactive Intelligence Group worth $4,639,000 as of its most recent SEC filing.

Interactive Intelligence Group, Inc is a provider of software and services for collaboration, communications and customer engagement. The Company’s primary offering is its Customer Interaction Center (CIC) product suite, a multichannel communications platform that can be deployed on-premises or through the cloud as Communications as a Service (CaaS).

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