Interactive Intelligence Group Receives Neutral Rating from Wedbush (ININ)
Interactive Intelligence Group (NASDAQ:ININ)‘s stock had its “neutral” rating reaffirmed by research analysts at Wedbush in a report released on Thursday. They currently have a $45.00 price target on the stock, down from their previous price target of $60.00. Wedbush’s target price points to a potential upside of 7.67% from the company’s current price.
Separately, analysts at Sidoti upgraded shares of Interactive Intelligence Group from a “neutral” rating to a “buy” rating in a research note on Tuesday, May 6th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Interactive Intelligence Group has an average rating of “Buy” and a consensus target price of $73.76.
Interactive Intelligence Group (NASDAQ:ININ) traded down 1.47% on Thursday, hitting $41.795. 468,652 shares of the company’s stock traded hands. Interactive Intelligence Group has a 52-week low of $40.35 and a 52-week high of $81.59. The stock’s 50-day moving average is $52.03 and its 200-day moving average is $64.2. The company has a market cap of $870.1 million and a price-to-earnings ratio of 160.68.
Interactive Intelligence Group (NASDAQ:ININ) last posted its quarterly earnings results on Monday, May 5th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by $0.03. The company had revenue of $79.40 million for the quarter, compared to the consensus estimate of $79.67 million. During the same quarter in the previous year, the company posted $0.17 earnings per share. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. On average, analysts predict that Interactive Intelligence Group will post $0.23 earnings per share for the current fiscal year.
Interactive Intelligence Group, Inc (NASDAQ:ININ), formerly Interactive Intelligence, Inc, is a holding company.
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