In a report released today, Vincent Colicchio from Barrington maintained a Buy rating on Information Services Group (NASDAQ: III), with a price target of $6. The company’s shares opened today at $4.15.
Colicchio observed:
“We are in the process of updating our 2018 earnings model but are biased toward maintaining our prior 2018 non-GAAP EPS forecast of $0.36.”
According to TipRanks.com, Colicchio is a 3-star analyst with an average return of 3.9% and a 46.4% success rate. Colicchio covers the Technology sector, focusing on stocks such as Sykes Enterprises Inc, Exlservice Holdings, and Convergys Corp.
Currently, the analyst consensus on Information Services Group is a Strong Buy with an average price target of $5.92.
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Based on Information Services Group’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $164K. In comparison, last year the company had a GAAP net loss of $302K.
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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 company was founded by Michael P. Connors on July 20, 2006 and is headquartered in Stamford, CT.
