Information Services Group, Inc. (NASDAQ:III) Given Consensus Rating of “Hold” by Analysts

Information Services Group, Inc. (NASDAQ:III) has been assigned an average recommendation of “Hold” from the five brokerages that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $3.58.

Several research analysts have weighed in on III shares. Barrington Research reissued a “hold” rating on shares of Information Services Group in a report on Wednesday, May 13th. ValuEngine lowered shares of Information Services Group from a “buy” rating to a “hold” rating in a report on Wednesday, March 4th. Zacks Investment Research lowered shares of Information Services Group from a “hold” rating to a “sell” rating in a report on Wednesday, June 17th. Noble Financial reaffirmed a “buy” rating and issued a $5.25 price target on shares of Information Services Group in a report on Tuesday, May 12th. Finally, CIBC lifted their price target on shares of Information Services Group from $1.60 to $1.90 and gave the company a “neutral” rating in a report on Thursday, May 14th.

Shares of III stock opened at $2.07 on Wednesday. The firm has a market cap of $96.85 million, a P/E ratio of 34.51, a P/E/G ratio of 2.18 and a beta of 0.25. The company has a debt-to-equity ratio of 1.00, a current ratio of 3.03 and a quick ratio of 3.03. Information Services Group has a 1-year low of $1.61 and a 1-year high of $3.76. The firm has a fifty day moving average of $1.97 and a two-hundred day moving average of $2.45.

Information Services Group (NASDAQ:III) last announced its quarterly earnings data on Monday, May 11th. The business services provider reported ($0.01) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.03). The company had revenue of $63.71 million for the quarter, compared to analyst estimates of $64.19 million. Information Services Group had a return on equity of 8.07% and a net margin of 1.09%. On average, sell-side analysts expect that Information Services Group will post 0.07 EPS for the current year.

A number of large investors have recently modified their holdings of III. Essex Investment Management Co. LLC bought a new stake in Information Services Group in the 1st quarter valued at about $901,000. Advisor Group Holdings Inc. bought a new stake in Information Services Group in the 1st quarter valued at about $260,000. BlackRock Inc. lifted its position in Information Services Group by 5.5% in the 1st quarter. BlackRock Inc. now owns 1,930,234 shares of the business services provider’s stock valued at $4,961,000 after purchasing an additional 100,944 shares during the last quarter. Blair William & Co. IL lifted its position in Information Services Group by 3.8% in the 4th quarter. Blair William & Co. IL now owns 1,637,224 shares of the business services provider’s stock valued at $4,142,000 after purchasing an additional 59,485 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in Information Services Group by 296.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 70,432 shares of the business services provider’s stock valued at $178,000 after purchasing an additional 52,672 shares during the last quarter. Hedge funds and other institutional investors own 50.87% of the company’s stock.

Information Services Group Company Profile

Information Services Group, Inc engages in the provision of sourcing advisory services. It operaets through the following geographical segments: Americas, Europe, and Asia Pacific. The firm offers business advisory, human resources technology and delivery services, organizational change management and software advisory services to the aerospace, defence, automotive, banking, energy, healthcare and insurance industries.

Recommended Story: Current Ratio

Receive News & Ratings for Information Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Information Services Group and related companies with MarketBeat.com's FREE daily email newsletter.