Shares of Interactive Intelligence Group Inc. (NASDAQ:ININ) dropped 2.6% during mid-day trading on Tuesday . The company traded as low as $57.49 and last traded at $57.65, with a volume of 58,646 shares traded. The stock had previously closed at $59.18.

ININ has been the topic of a number of analyst reports. 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, June 7th. Sidoti lowered shares of Interactive Intelligence Group from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 20th. 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 raised 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. Finally, RBC Capital Markets restated an “outperform” rating and set a $39.00 target price (up previously from $36.00) on shares of Interactive Intelligence Group in a research report on Monday, August 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $43.75.

The company’s 50-day moving average price is $48.39 and its 200 day moving average price is $38.85. The firm’s market cap is $1.27 billion.

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

A hedge fund recently raised its stake in Interactive Intelligence Group stock. New York State Common Retirement Fund raised its position in Interactive Intelligence Group Inc. (NASDAQ:ININ) by 3.3% during the fourth quarter, according to its most recent 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 about 0.19% of Interactive Intelligence Group worth $1,267,000 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).

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.