Interactive Intelligence Group Inc. (NASDAQ:ININ)’s share price dropped 2.6% on Tuesday . The stock traded as low as $57.49 and last traded at $57.65, with a volume of 58,646 shares trading hands. The stock had previously closed at $59.18.

A number of brokerages recently commented on ININ. Zacks Investment Research cut Interactive Intelligence Group from a “hold” rating to a “sell” rating in a report on Thursday, August 4th. Royal Bank Of Canada raised their target price on Interactive Intelligence Group from $36.00 to $39.00 and gave the stock an “outperform” rating in a report on Monday, August 1st. Roth Capital raised their target price on Interactive Intelligence Group from $58.00 to $67.00 and gave the stock a “buy” rating in a report on Tuesday, August 2nd. Summit Redstone reaffirmed a “hold” rating and issued a $46.00 target price on shares of Interactive Intelligence Group in a report on Friday, July 15th. Finally, TheStreet raised Interactive Intelligence Group from a “sell” rating to a “hold” rating in a report on Friday, August 5th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. Interactive Intelligence Group presently has a consensus rating of “Hold” and an average price target of $43.75.

The firm’s 50-day moving average price is $47.29 and its 200 day moving average price is $38.47. The stock’s market capitalization is $1.29 billion.

Interactive Intelligence Group (NASDAQ:ININ) last issued its quarterly earnings data on Monday, August 1st. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.11. The firm earned $108 million during the quarter, compared to analyst estimates of $103.20 million. The company’s revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the company posted $0.01 EPS. Equities research analysts forecast that Interactive Intelligence Group Inc. will post ($0.08) EPS for the current year.

A hedge fund recently raised its stake in Interactive Intelligence Group stock. New York State Common Retirement Fund boosted its position in Interactive Intelligence Group Inc. (NASDAQ:ININ) by 3.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,327 shares of the company’s stock after buying an additional 1,300 shares during the period. New York State Common Retirement Fund owned approximately 0.19% of Interactive Intelligence Group worth $1,267,000 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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