Interactive Intelligence Group Inc. (NASDAQ:ININ) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $59.50 and last traded at $59.41, with a volume of 52,956 shares. The stock had previously closed at $58.41.

A number of research analysts have recently issued reports on the stock. TheStreet upgraded shares of Interactive Intelligence Group from a “sell” rating to a “hold” rating in a research note on Friday, August 5th. Zacks Investment Research lowered shares of Interactive Intelligence Group from a “hold” rating to a “sell” rating in a research report on Thursday, August 4th. Royal Bank Of Canada upped their target price on shares of Interactive Intelligence Group from $36.00 to $39.00 and gave the stock an “outperform” rating in a research report on Monday, August 1st. Roth Capital upped their target price on shares of Interactive Intelligence Group from $58.00 to $67.00 and gave the stock a “buy” rating in a research report on Tuesday, August 2nd. Finally, Morgan Stanley restated a “hold” rating and set a $45.00 target price on shares of Interactive Intelligence Group in a research report on Tuesday, August 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $43.75.

The company’s market cap is $1.32 billion. The firm has a 50-day moving average of $46.75 and a 200 day moving average of $37.98.

Interactive Intelligence Group (NASDAQ:ININ) last posted its quarterly earnings results on Monday, August 1st. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.17) by $0.11. The business earned $108 million during the quarter, compared to the consensus estimate of $103.20 million. During the same quarter in the previous year, the business posted $0.01 earnings per share. The company’s quarterly revenue was up 13.0% compared to the same quarter last year. Equities research analysts anticipate that Interactive Intelligence Group Inc. will post ($0.08) EPS for the current fiscal year.

An institutional investor recently raised its position in Interactive Intelligence Group stock. Bank of Montreal Can raised its position 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 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 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).

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