Investors Buy Interactive Intelligence Group Inc. (ININ) on Weakness
Traders bought shares of Interactive Intelligence Group Inc. (NASDAQ:ININ) on weakness during trading hours on Tuesday. $20.78 million flowed into the stock on the tick-up and $4.39 million flowed out of the stock on the tick-down, for a money net flow of $16.39 million into the stock. Of all equities tracked, Interactive Intelligence Group had the 28th highest net in-flow for the day. Interactive Intelligence Group traded down ($0.06) for the day and closed at $60.40
Several brokerages have recently issued reports on ININ. Summit Redstone reiterated a “hold” rating and issued a $46.00 price objective on shares of Interactive Intelligence Group in a research note on Friday, July 15th. Northland Securities cut Interactive Intelligence Group from an “outperform” rating to a “market perform” rating in a research note on Thursday, September 1st. Roth Capital boosted their target price on Interactive Intelligence Group from $58.00 to $67.00 and gave the stock a “buy” rating in a research note on Tuesday, August 2nd. First Analysis cut Interactive Intelligence Group from an “overweight” rating to an “equal weight” rating in a research note on Thursday, September 1st. Finally, Craig Hallum cut Interactive Intelligence Group from a “buy” rating to a “hold” rating in a research note on Friday, September 2nd. One analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $45.50.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/07/investors-buy-interactive-intelligence-group-inc-inin-on-weakness.html
The company has a 50-day moving average of $54.65 and a 200-day moving average of $41.92. The stock’s market cap is $1.34 billion.
Interactive Intelligence Group (NASDAQ:ININ) last announced its quarterly earnings results on Monday, August 1st. The company reported ($0.06) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.17) by $0.11. During the same quarter in the prior year, the company earned $0.01 earnings per share. The firm had revenue of $108 million for the quarter, compared to analyst estimates of $103.20 million. The business’s revenue was up 13.0% compared to the same quarter last year. On average, equities research analysts expect that Interactive Intelligence Group Inc. will post ($0.08) EPS for the current 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.
Receive News & Ratings for Interactive Intelligence Group Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Interactive Intelligence Group Inc. and related companies with MarketBeat.com’s FREE daily email newsletter.