Headlines about Information Services Group (NASDAQ:III) have been trending positive on Friday, according to AlphaOne Sentiment Analysis. The research group, a division of Accern, identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real-time. AlphaOne ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Information Services Group earned a media sentiment score of 0.43 on AlphaOne’s scale. AlphaOne also gave headlines about the business services provider an impact score of 31 out of 100, indicating that recent news coverage is unlikely to have an effect on the company’s share price in the next several days.
Here are some of the headlines that may have impacted Alpha One Sentiment’s analysis:
- Michael P. Connors Buys 15,727 Shares of Information Services Group, Inc. (III) Stock (americanbankingnews.com)
- Renewable Energy Group to Host 2017 Analyst and Investor Meeting on Tuesday, June 13 (marketwatch.com)
- Edited Transcript of III earnings conference call or presentation 9-May-17 1:00pm GMT (finance.yahoo.com)
- B. Riley Reaffirms “Buy” Rating for Information Services Group, Inc. (III) (americanbankingnews.com)
- Information Services Group, Inc. (III) Short Interest Update (americanbankingnews.com)
Several research analysts recently weighed in on the company. Noble Financial reaffirmed a “buy” rating on shares of Information Services Group in a research note on Sunday, March 12th. B. Riley reaffirmed a “buy” rating and set a $6.00 target price on shares of Information Services Group in a research note on Sunday, March 12th. Zacks Investment Research upgraded Information Services Group from a “sell” rating to a “hold” rating in a research report on Wednesday, April 5th. Finally, TheStreet lowered Information Services Group from a “c-” rating to a “d” rating in a research report on Friday, March 24th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $6.25.
Information Services Group (NASDAQ:III) traded down 0.55% during trading on Friday, hitting $3.61. The company had a trading volume of 130,598 shares. Information Services Group has a 12-month low of $2.95 and a 12-month high of $4.32. The company’s market capitalization is $155.40 million. The firm has a 50-day moving average of $3.26 and a 200 day moving average of $3.45.
Information Services Group (NASDAQ:III) last announced its quarterly earnings data on Monday, May 8th. The business services provider reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by $0.05. Information Services Group had a return on equity of 15.43% and a net margin of 1.35%. The company had revenue of $66.56 million for the quarter, compared to analyst estimates of $64.50 million. On average, equities research analysts forecast that Information Services Group will post $0.34 earnings per share for the current year.
In related news, CEO Michael P. Connors acquired 15,727 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The stock was acquired at an average cost of $3.81 per share, with a total value of $59,919.87. Following the completion of the purchase, the chief executive officer now directly owns 4,153,830 shares in the company, valued at $15,826,092.30. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 12.50% of the stock is owned by insiders.
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About Information Services Group
Information Services Group, Inc is a technology insights, market intelligence and advisory services company. The Company operates in the segment of fact-based sourcing advisory services. It supports private and public sector organizations to transform and optimize their operational environments through research, benchmarking, consulting and managed services with a focus on information technology, business process transformation, program management services and enterprise resource planning.
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