Interactive Intelligence Group Inc. (ININ) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Interactive Intelligence Group Inc. (NASDAQ:ININ) have earned a consensus recommendation of “Hold” from the thirteen ratings firms that are presently covering the stock. One analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $43.20.
A number of research analysts have recently commented on the company. RBC Capital Markets reiterated an “outperform” rating and set a $46.00 target price on shares of Interactive Intelligence Group in a research report on Friday, August 26th. William Blair reiterated a “hold” rating on shares of Interactive Intelligence Group in a research report on Sunday, September 4th. Craig Hallum downgraded Interactive Intelligence Group from a “buy” rating to a “hold” rating in a research report on Friday, September 2nd. Roth Capital downgraded Interactive Intelligence Group from a “buy” rating to a “neutral” rating in a research report on Thursday, September 1st. Finally, Royal Bank Of Canada assumed coverage on Interactive Intelligence Group in a research report on Thursday, August 25th. They set an “outperform” rating and a $46.00 target price for the company.
In other Interactive Intelligence Group news, Director Mark E. Hill sold 4,976 shares of the stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $60.42, for a total value of $300,649.92. Following the sale, the director now owns 89,088 shares in the company, valued at $5,382,696.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Ashley A. Vukovits sold 11,224 shares of the stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $60.40, for a total value of $677,929.60. The disclosure for this sale can be found here. 21.40% of the stock is owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the company. Mason Street Advisors LLC acquired a new stake in Interactive Intelligence Group during the second quarter worth $142,000. BNP Paribas Arbitrage SA raised its stake in Interactive Intelligence Group by 104.2% in the second quarter. BNP Paribas Arbitrage SA now owns 5,526 shares of the company’s stock worth $227,000 after buying an additional 2,820 shares during the last quarter. Capstone Asset Management Co. acquired a new stake in Interactive Intelligence Group during the second quarter worth $229,000. Boothbay Fund Management LLC acquired a new stake in Interactive Intelligence Group during the first quarter worth $247,000. Finally, Thrivent Financial for Lutherans raised its stake in Interactive Intelligence Group by 5.6% in the second quarter. Thrivent Financial for Lutherans now owns 8,540 shares of the company’s stock worth $350,000 after buying an additional 450 shares during the last quarter. Institutional investors and hedge funds own 84.06% of the company’s stock.
Shares of Interactive Intelligence Group (NASDAQ:ININ) traded up 0.2327% on Monday, hitting $60.3501. 28,301 shares of the company traded hands. The firm’s 50 day moving average price is $59.94 and its 200-day moving average price is $47.24. Interactive Intelligence Group has a 1-year low of $21.42 and a 1-year high of $60.77. The stock’s market capitalization is $1.34 billion.
Interactive Intelligence Group (NASDAQ:ININ) last announced its quarterly earnings data on Monday, August 1st. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.11. Interactive Intelligence Group had a negative net margin of 8.88% and a negative return on equity of 10.70%. The business earned $108 million during the quarter, compared to analyst estimates of $103.20 million. During the same period last year, the firm posted $0.01 EPS. The company’s revenue was up 13.0% on a year-over-year basis. On average, equities research analysts expect that Interactive Intelligence Group will post ($0.08) earnings per share for the current year.
About Interactive Intelligence Group
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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