Interactive Intelligence Group Inc. (ININ) Sees Unusually-High Trading Volume
Interactive Intelligence Group Inc. (NASDAQ:ININ) saw unusually-strong trading volume on Thursday . Approximately 993,776 shares changed hands during mid-day 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.
Several research analysts have weighed in on ININ shares. Zacks Investment Research cut Interactive Intelligence Group from a “hold” rating to a “sell” rating in a research report on Thursday, August 4th. Morgan Stanley reissued a “hold” rating and issued a $45.00 price objective on shares of Interactive Intelligence Group in a research report on Tuesday, August 2nd. William Blair reissued a “hold” rating on shares of Interactive Intelligence Group in a research report on Thursday, June 16th. Roth Capital cut Interactive Intelligence Group from a “buy” rating to a “neutral” rating in a research report on Thursday. Finally, TheStreet raised Interactive Intelligence Group from a “sell” rating to a “hold” rating in a research report on Friday, August 5th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. Interactive Intelligence Group presently has an average rating of “Hold” and an average target price of $45.50.
The stock has a 50 day moving average price of $53.66 and a 200 day moving average price of $41.24. The company’s market cap is $1.34 billion.
Interactive Intelligence Group (NASDAQ:ININ) last released its earnings results on Monday, August 1st. The company reported ($0.06) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.11. The company had revenue of $108 million for the quarter, compared to analysts’ expectations of $103.20 million. During the same quarter last year, the firm posted $0.01 earnings per share. Interactive Intelligence Group’s revenue for the quarter was up 13.0% on a year-over-year basis. Equities analysts expect that Interactive Intelligence Group Inc. will post ($0.08) earnings per share 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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