Shares of Interactive Intelligence Group Inc. (NASDAQ:ININ) hit a new 52-week high 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 brokerages have weighed in on ININ. Zacks Investment Research raised shares of Interactive Intelligence Group from a “sell” rating to a “hold” rating in a report on Thursday, June 9th. Morgan Stanley reissued a “hold” rating on shares of Interactive Intelligence Group in a report on Monday, May 2nd. Roth Capital reaffirmed a “buy” rating on shares of Interactive Intelligence Group in a report on Saturday, April 30th. Sidoti downgraded shares of Interactive Intelligence Group from a “buy” rating to a “neutral” rating in a report on Wednesday, April 20th. Finally, Royal Bank Of Canada raised their price objective on shares of Interactive Intelligence Group from $36.00 to $39.00 and gave the stock an “outperform” rating in a report on Monday, August 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $43.75.

The stock’s 50-day moving average is $45.76 and its 200 day moving average is $37.57. The stock’s market capitalization is $1.29 billion.

Interactive Intelligence Group (NASDAQ:ININ) last issued its earnings results on Monday, August 1st. The company reported ($0.06) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.17) by $0.11. During the same quarter in the previous year, the firm posted $0.01 earnings per share. The firm had revenue of $108 million for the quarter, compared to analyst estimates of $103.20 million. Interactive Intelligence Group’s quarterly revenue was up 13.0% on a year-over-year basis. On average, analysts predict 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 increased its stake in shares of 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 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 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).

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