Zacks Downgrades Interactive Intelligence Group to Neutral (ININ)
Interactive Intelligence Group (NASDAQ:ININ) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a note issued to investors on Tuesday, AR Network reports. They currently have a $71.30 price target on the stock. Zacks‘ target price would indicate a potential upside of 8.26% from the company’s current price.
Shares of Interactive Intelligence Group (NASDAQ:ININ) traded up 0.60% during mid-day trading on Tuesday, hitting $66.255. The stock had a trading volume of 93,436 shares. Interactive Intelligence Group has a 1-year low of $32.45 and a 1-year high of $71.94. The stock’s 50-day moving average is $64.89 and its 200-day moving average is $61.12. The company has a market cap of $1.340 billion and a price-to-earnings ratio of 171.96.
Interactive Intelligence Group (NASDAQ:ININ) last released its earnings data on Tuesday, November 5th. The company reported $0.20 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.02 by $0.18. The company had revenue of $77.90 million for the quarter, compared to the consensus estimate of $73.22 million. During the same quarter last year, the company posted $0.10 earnings per share. Interactive Intelligence Group’s revenue was up 31.4% compared to the same quarter last year. Analysts expect that Interactive Intelligence Group will post $0.59 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on ININ. Analysts at Northland Securities upgraded shares of Interactive Intelligence Group from a “market perform” rating to an “outperform” rating in a research note to investors on Wednesday, November 6th. They now have a $78.00 price target on the stock, up previously from $63.00. Separately, analysts at Northland Capital Partners upgraded shares of Interactive Intelligence Group from a “market perform” rating to an “outperform” rating in a research note to investors on Wednesday, November 6th. They now have a $78.00 price target on the stock, up previously from $63.00. Finally, analysts at Northland Capital Partners raised their price target on shares of Interactive Intelligence Group from $52.00 to $63.00 in a research note to investors on Monday, October 14th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $72.91.
Interactive Intelligence Group, Inc (NASDAQ:ININ), formerly Interactive Intelligence, Inc, is a holding company.
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