Interactive Intelligence Group Inc. (ININ) Reaches New 12-Month High at $60.10
Interactive Intelligence Group Inc. (NASDAQ:ININ)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $60.10 and last traded at $59.88, with a volume of 4,047,166 shares. The stock had previously closed at $56.67.
ININ has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded 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 price target on 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 price target on Interactive Intelligence Group from $58.00 to $67.00 and gave the stock a “buy” rating in a research report on Tuesday, August 2nd. TheStreet raised Interactive Intelligence Group from a “sell” rating to a “hold” rating in a research report on Friday, August 5th. Finally, Summit Redstone reaffirmed a “hold” rating and set a $46.00 price target on shares of Interactive Intelligence Group in a research report on Friday, July 15th. One 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. The company currently has a consensus rating of “Hold” and an average price target of $45.50.
The firm’s 50 day moving average price is $52.42 and its 200 day moving average price is $40.97. The company’s market cap is $1.33 billion.
Interactive Intelligence Group (NASDAQ:ININ) last issued its quarterly earnings results on Monday, August 1st. The company reported ($0.06) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.11. The business earned $108 million during the quarter, compared to analysts’ expectations of $103.20 million. The business’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.01 EPS. On average, equities research analysts predict that Interactive Intelligence Group Inc. will post ($0.08) EPS for the current fiscal year.
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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