Interactive Intelligence Group Inc (ININ) was Reiterated by RBC Capital Mkts to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 39 from a previous price target of $36 . RBC Capital Mkts advised their investors in a research report released on Aug 1, 2016.
On the company’s financial health, Interactive Intelligence Group Inc reported $-0.18 EPS for the quarter, missing the analyst consensus estimate by $ -0.07 based on the information available during the earnings call on May 2, 2016. Analyst had a consensus of $-0.11. The company had revenue of $99.28 million for the quarter, compared to analysts expectations of $101.64 million. The company’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.04 EPS.
Interactive Intelligence Group Inc opened for trading at $44.42 and hit $54.81 on the upside on Friday, eventually ending the session at $53.95, with a gain of 21.26% or 9.46 points. The heightened volatility saw the trading volume jump to 9,24,320 shares. Company has a market cap of $1,191 M.
In a different news, on May 24, 2016, Edward Hamburg (director) sold 4,000 shares at $0.00 per share price. According to the SEC, on Mar 3, 2016, Jeff M. Platon (Chief Marketing Officer) sold 880 shares at $31.54 per share price. On Dec 16, 2015, Gary R Blough (Chief International Officer) sold 23,483 shares at $31.10 per share price, according to the Form-4 filing with the securities and exchange commission.
Interactive Intelligence Group Inc. is a provider of software and services for collaboration communications and customer engagement. The Company’s primary offering is its Customer Interaction Center (CIC) product suite a multichannel communications platform that can be deployed on-premises or through the cloud as Communications as a Service (CaaS). The Company is engaged in the contact center market where its software applications provide pre-integrated inbound and outbound communications functionality. The Company utilizes this same communications platform to provide solutions for unified communications workforce optimization and business process automation. Its solutions are applicable in various industries including tele-services insurance banking accounts receivable management utilities healthcare retail technology government and business services.