Shares of Interactive Intelligence Group Inc. (NASDAQ:ININ) reached 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 trading hands. The stock had previously closed at $56.67.

A number of brokerages have recently weighed in on ININ. RBC Capital Markets reiterated an “outperform” rating and set a $46.00 target price on shares of Interactive Intelligence Group in a research note on Friday, August 26th. Morgan Stanley reiterated a “hold” rating and set a $45.00 target price on shares of Interactive Intelligence Group in a research note on Tuesday, June 7th. Royal Bank Of Canada began coverage on Interactive Intelligence Group in a research note on Thursday, August 25th. They set an “outperform” rating and a $46.00 target price on the stock. Zacks Investment Research lowered Interactive Intelligence Group from a “hold” rating to a “sell” rating in a research note on Thursday, August 4th. Finally, William Blair reiterated a “hold” rating on shares of Interactive Intelligence Group in a research note on Thursday, June 16th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $45.50.

The firm’s market cap is $1.34 billion. The stock’s 50-day moving average is $53.35 and its 200 day moving average is $41.24.

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 analysts’ consensus estimates of ($0.17) by $0.11. During the same period in the prior year, the firm posted $0.01 earnings per share. The company had revenue of $108 million for the quarter, compared to the consensus estimate of $103.20 million. The business’s revenue for the quarter was up 13.0% on a year-over-year basis. Equities research analysts expect that Interactive Intelligence Group Inc. will post ($0.08) earnings per share for the current 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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