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

A number of equities analysts recently issued reports on the company. Zacks Investment Research upgraded Interactive Intelligence Group from a “sell” rating to a “hold” rating in a report on Thursday, June 9th. Morgan Stanley restated a “hold” rating and issued a $45.00 target price on shares of Interactive Intelligence Group in a report on Tuesday, June 7th. Summit Redstone restated a “hold” rating and issued a $46.00 target price on shares of Interactive Intelligence Group in a report on Friday, July 15th. William Blair restated a “hold” rating on shares of Interactive Intelligence Group in a report on Thursday, June 16th. Finally, Sidoti cut Interactive Intelligence Group from a “buy” rating to a “neutral” rating in a report on Wednesday, April 20th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $41.17.

The firm’s market cap is $1.19 billion. The firm’s 50-day moving average price is $42.50 and its 200 day moving average price is $35.64.

An institutional investor recently raised its position in Interactive Intelligence Group stock. Bank of Montreal Can boosted its stake in Interactive Intelligence Group Inc. (NASDAQ:ININ) by 149,034.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent quarter.

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).

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.