Interactive Intelligence Group Inc (ININ) Sees Large Volume Increase
Interactive Intelligence Group Inc (NASDAQ:ININ) saw unusually-high trading volume on Thursday . Approximately 993,776 shares traded hands during trading, an increase of 119% from the previous session’s volume of 453,778 shares.The stock last traded at $60.25 and had previously closed at $59.85.
ININ has been the topic of several research reports. Zacks Investment Research lowered shares of Interactive Intelligence Group from a “hold” rating to a “sell” rating in a report on Thursday, August 4th. Royal Bank Of Canada lifted their price target on shares of 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 lifted their price target on shares of Interactive Intelligence Group from $58.00 to $67.00 and gave the stock a “buy” rating in a report on Tuesday, August 2nd. TheStreet raised shares of Interactive Intelligence Group from a “sell” rating to a “hold” rating in a report on Friday, August 5th. Finally, Summit Redstone reaffirmed a “hold” rating and issued a $46.00 price target on shares of Interactive Intelligence Group in a report on Friday, July 15th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. Interactive Intelligence Group presently has a consensus rating of “Hold” and a consensus price target of $45.50.
The company’s market cap is $1.34 billion. The firm’s 50 day moving average price is $52.87 and its 200 day moving average price is $41.11.
Interactive Intelligence Group (NASDAQ:ININ) last issued its quarterly earnings data on Monday, August 1st. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.17) by $0.11. During the same quarter in the prior year, the company posted $0.01 earnings per share. The company earned $108 million during the quarter, compared to analyst estimates of $103.20 million. The business’s revenue was up 13.0% compared to the same quarter last year. 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 cloud services for customer engagement, communications and collaboration. The Company operates in the segment of interaction management software solutions licensing and associated services. It offers approximately three types of products, including on-premises software; a single-tenant cloud service, and a multi-tenant cloud service.
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