Interactive Intelligence Group Inc (ININ) is Downgraded by First Analysis Sec to Equal-Weight

Interactive Intelligence Group Inc (ININ) was Downgraded by First Analysis Sec to ” Equal-Weight”. Earlier the firm had a rating of “Overweight ” on the company shares. First Analysis Sec advised their investors in a research report released on Sep 1, 2016.

Many Wall Street Analysts have commented on Interactive Intelligence Group Inc. Interactive Intelligence Group Inc was Downgraded by ROTH Capital to ” Neutral” on Sep 1, 2016. Interactive Intelligence Group Inc was Downgraded by Northland Capital to ” Market Perform” on Sep 1, 2016. Company shares were Reiterated by RBC Capital Mkts on Aug 1, 2016 to “Outperform”, Firm has raised the Price Target to $ 39 from a previous price target of $36 .

On the company’s financial health, Interactive Intelligence Group Inc reported $-0.06 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Aug 1, 2016. Analyst had a consensus of $-0.17. The company had revenue of $108.80 million for the quarter, compared to analysts expectations of $103.33 million. The company’s revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.01 EPS.

Interactive Intelligence Group Inc closed down -0.01 points or -0.02% at $57.2 with 80,859 shares getting traded on Monday. Post opening the session at $57.33, the shares hit an intraday low of $57.0623 and an intraday high of $57.69 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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.

Interactive Intelligence Group Inc

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