Interactive Intelligence Group Inc. (ININ) Hits New 1-Year High at $59.50
Interactive Intelligence Group Inc. (NASDAQ:ININ) reached a new 52-week high during trading on Monday . The stock 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.
Several equities research analysts have commented on ININ shares. Roth Capital reissued a “buy” rating on shares of Interactive Intelligence Group in a report on Saturday, April 30th. Morgan Stanley reissued a “hold” rating and issued a $45.00 target price on shares of Interactive Intelligence Group in a report on Tuesday, August 2nd. Summit Redstone reissued 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 reissued a “hold” rating on shares of Interactive Intelligence Group in a report on Thursday, June 16th. Finally, Zacks Investment Research raised Interactive Intelligence Group from a “sell” rating to a “hold” rating in a report on Thursday, June 9th. One research 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 company currently has a consensus rating of “Hold” and an average price target of $43.75.
The firm’s market capitalization is $1.29 billion. The firm has a 50-day moving average of $47.85 and a 200-day moving average of $38.72.
Interactive Intelligence Group (NASDAQ:ININ) last issued its quarterly earnings results on Monday, August 1st. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.11. The business earned $108 million during the quarter, compared to analysts’ expectations of $103.20 million. During the same quarter in the previous year, the company posted $0.01 earnings per share. The company’s quarterly revenue was up 13.0% compared to the same quarter last year. On average, equities analysts expect 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. New York State Common Retirement Fund boosted its stake in Interactive Intelligence Group Inc. (NASDAQ:ININ) by 3.3% during the fourth quarter, according to its most recent 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 0.19% of Interactive Intelligence Group worth $1,267,000 as of its most recent filing with the SEC.
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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