Interactive Intelligence Group Inc. (NASDAQ:ININ)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $58.55 and last traded at $57.95, with a volume of 112,003 shares changing hands. The stock had previously closed at $58.05.

A number of equities analysts have recently issued reports on the stock. Roth Capital restated a “buy” rating on shares of Interactive Intelligence Group in a research note on Saturday, April 30th. Morgan Stanley restated a “hold” rating on shares of Interactive Intelligence Group in a research note on Monday, May 2nd. William Blair restated a “hold” rating on shares of Interactive Intelligence Group in a research note on Tuesday, May 3rd. TheStreet upgraded shares of Interactive Intelligence Group from a “sell” rating to a “hold” rating in a research note on Friday. Finally, Zacks Investment Research upgraded shares of Interactive Intelligence Group from a “sell” rating to a “hold” rating in a research note on Thursday, June 9th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $43.75.

The stock’s 50-day moving average is $44.80 and its 200 day moving average is $37.17. The firm’s market cap is $1.28 billion.

Interactive Intelligence Group (NASDAQ:ININ) last issued its earnings results on Monday, August 1st. The company reported ($0.06) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.17) by $0.11. The business had revenue of $108 million for the quarter, compared to analyst estimates of $103.20 million. During the same period in the previous year, the firm posted $0.01 EPS. The firm’s revenue was up 13.0% compared to the same quarter last year. On average, equities research analysts expect that Interactive Intelligence Group Inc. will post ($0.08) earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Interactive Intelligence Group stock. Bank of Montreal Can raised its stake in Interactive Intelligence Group Inc. (NASDAQ:ININ) by 149,034.3% during the fourth quarter, according to its most recent Form 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 about 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).

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.