Trade Report: Today, Information Services Group Inc. (III) Earns “Buy” Rating from B. Riley

Today, Information Services Group Inc. (III) Earns “Buy” Rating from B. Riley

Information Services Group Inc. (NASDAQ:III)‘s stock had its “buy” rating reiterated by investment analysts at B. Riley in a note issued to investors on Tuesday. They presently have a $6.25 price objective on the stock. B. Riley’s target price points to a potential upside of 60.67% from the company’s previous close.

Several other equities research analysts have also issued reports on the stock. Maxim Group raised their price target on shares of Information Services Group from $5.00 to $6.00 and gave the stock a “buy” rating in a research note on Monday, August 8th. Zacks Investment Research lowered shares of Information Services Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 11th.

Shares of Information Services Group (NASDAQ:III) traded up 0.52% during midday trading on Tuesday, hitting $3.89. The company had a trading volume of 15,814 shares. The company’s 50-day moving average price is $3.91 and its 200 day moving average price is $3.88. The company has a market capitalization of $139.22 million, a price-to-earnings ratio of 49.24 and a beta of 0.56. Information Services Group has a 12-month low of $2.86 and a 12-month high of $4.32.

Information Services Group (NASDAQ:III) last posted its earnings results on Monday, November 7th. The company reported $0.08 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.08. Information Services Group had a net margin of 1.35% and a return on equity of 15.43%. The firm had revenue of $51.90 million for the quarter, compared to analysts’ expectations of $55.38 million. Equities research analysts predict that Information Services Group will post $0.08 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Weber Alan W raised its position in Information Services Group by 0.5% in the third quarter. Weber Alan W now owns 1,036,050 shares of the company’s stock worth $4,134,000 after buying an additional 5,000 shares during the period. Eagle Global Advisors LLC raised its position in Information Services Group by 56.8% in the third quarter. Eagle Global Advisors LLC now owns 42,033 shares of the company’s stock worth $168,000 after buying an additional 15,223 shares during the period. Morgan Stanley purchased a new position in Information Services Group during the third quarter worth approximately $101,000. Acrospire Investment Management LLC raised its position in Information Services Group by 351.8% in the third quarter. Acrospire Investment Management LLC now owns 34,243 shares of the company’s stock worth $137,000 after buying an additional 26,663 shares during the period. Finally, Northern Trust Corp raised its position in Information Services Group by 196.2% in the third quarter. Northern Trust Corp now owns 355,830 shares of the company’s stock worth $1,420,000 after buying an additional 235,683 shares during the period. Institutional investors and hedge funds own 52.17% of the company’s stock.

Information Services Group Company Profile

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