Shares of Interactive Intelligence Group Inc. (NASDAQ:ININ) have been assigned an average recommendation of “Hold” from the thirteen brokerages that are covering the company. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $43.20.

Several research analysts have issued reports on ININ shares. Royal Bank Of Canada raised their target price 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. RBC Capital Markets reissued an “outperform” rating and issued a $39.00 target price (up from $36.00) on shares of Interactive Intelligence Group in a research report on Monday, August 1st. Morgan Stanley reissued a “hold” rating and issued a $45.00 target price on shares of Interactive Intelligence Group in a research report on Tuesday, August 2nd. Roth Capital raised their target price 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. Finally, Zacks Investment Research cut Interactive Intelligence Group from a “hold” rating to a “sell” rating in a research report on Thursday, August 4th.

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Interactive Intelligence Group (NASDAQ:ININ) opened at 60.50 on Monday. Interactive Intelligence Group has a 52-week low of $21.42 and a 52-week high of $60.77. The company has a 50 day moving average of $60.35 and a 200 day moving average of $52.23. The company’s market capitalization is $1.35 billion.

In related news, CFO Ashley A. Vukovits sold 11,224 shares of Interactive Intelligence Group stock in a transaction that occurred on Thursday, September 8th. The stock was sold at an average price of $60.40, for a total transaction of $677,929.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mark E. Hill sold 4,976 shares of Interactive Intelligence Group stock in a transaction that occurred on Wednesday, September 14th. The shares were sold at an average price of $60.42, for a total value of $300,649.92. Following the sale, the director now directly owns 89,088 shares in the company, valued at approximately $5,382,696.96. The disclosure for this sale can be found here. Corporate insiders own 21.40% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Whale Rock Capital Management LLC increased its stake in shares of Interactive Intelligence Group by 86.2% in the second quarter. Whale Rock Capital Management LLC now owns 1,517,103 shares of the company’s stock valued at $62,186,000 after buying an additional 702,462 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Interactive Intelligence Group by 619.2% in the third quarter. JPMorgan Chase & Co. now owns 307,273 shares of the company’s stock valued at $18,480,000 after buying an additional 264,547 shares during the period. Bank of Montreal Can acquired a new stake in shares of Interactive Intelligence Group during the second quarter valued at about $6,052,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of Interactive Intelligence Group during the third quarter valued at about $8,341,000. Finally, Water Island Capital LLC acquired a new stake in shares of Interactive Intelligence Group during the third quarter valued at about $8,286,000. 85.74% of the stock is currently owned by institutional investors.

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.

5 Day Chart for NASDAQ:ININ

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