Barrington Maintains a Buy Rating on Information Services Group

Barrington analyst Vincent Colicchio maintained a Buy rating on Information Services Group (NASDAQ: III) today and set a price target of $6. The company’s shares closed yesterday at $4.13.

Colicchio said:

“We expect the company to report Q1/18 non-GAAP EPS of $0.06, which is less than the FactSet consensus of $0.07. Our forecast is flat with Q1/17 and represents an increase from $0.05 in Q4/17.”

According to TipRanks.com, Colicchio is a 3-star analyst with an average return of 6.1% and a 50.0% success rate. Colicchio covers the Technology sector, focusing on stocks such as Sykes Enterprises Inc, Exlservice Holdings, and Convergys Corp.

Information Services Group has an analyst consensus of Strong Buy, with a price target consensus of $5.92.

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Based on Information Services Group’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $2.65 million. In comparison, last year the company had a GAAP net loss of $606K.

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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.