Information Services Group, Inc. (III) Lowered to “D” at TheStreet

Information Services Group, Inc. (III) Lowered to “D” at TheStreet

Information Services Group, Inc. (NASDAQ:III) was downgraded by research analysts at TheStreet from a “c-” rating to a “d” rating in a research report issued to clients and investors on Friday.

A number of other analysts have also recently commented on the company. Zacks Investment Research raised Information Services Group from a “sell” rating to a “hold” rating in a research report on Monday, March 20th. B. Riley reissued a “buy” rating and issued a $6.00 price target on shares of Information Services Group in a research report on Sunday, March 12th. Finally, Noble Financial reissued a “buy” rating on shares of Information Services Group in a research report on Sunday, March 12th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $5.58.

Shares of Information Services Group (NASDAQ:III) traded up 3.32% during trading on Friday, reaching $3.11. The company’s stock had a trading volume of 254,630 shares. The company’s market capitalization is $131.44 million. Information Services Group has a one year low of $2.95 and a one year high of $4.32. The firm’s 50-day moving average price is $3.17 and its 200-day moving average price is $3.66.

A number of institutional investors have recently made changes to their positions in III. Russell Investments Group Ltd. purchased a new position in shares of Information Services Group during the fourth quarter worth $5,023,000. FNY Partners Fund LP purchased a new position in shares of Information Services Group during the fourth quarter worth $686,000. State Street Corp raised its position in shares of Information Services Group by 37.0% in the fourth quarter. State Street Corp now owns 419,986 shares of the company’s stock worth $1,530,000 after buying an additional 113,356 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Information Services Group by 4.3% in the fourth quarter. Renaissance Technologies LLC now owns 1,895,390 shares of the company’s stock worth $6,899,000 after buying an additional 78,179 shares during the last quarter. Finally, Perritt Capital Management Inc. raised its position in shares of Information Services Group by 48.9% in the fourth quarter. Perritt Capital Management Inc. now owns 237,800 shares of the company’s stock worth $866,000 after buying an additional 78,100 shares during the last quarter. Institutional investors own 57.19% of the company’s stock.

Information Services Group Company Profile

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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