Information Services Group (NASDAQ:III) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded Information Services Group (NASDAQ:III) from a "strong‑buy" to a "buy" in a note to investors issued Saturday.
• The stock's consensus rating is currently "Hold" with a consensus target price of $5.50, reflecting mixed analyst actions including Barrington Research cutting its price target to $5.50 and Weiss Ratings keeping a "hold."
• Shares opened at $3.96 and trade below the 50‑day ($4.58) and 200‑day ($5.28) moving averages; the company reported quarterlies with $0.08 EPS and $61.21M revenue in line with estimates, a market cap of about $188.8M, and roughly 73% institutional ownership.

Information Services Group (NASDAQ:III - Get Free Report) was downgraded by Wall Street Zen from a "strong-buy" rating to a "buy" rating in a note issued to investors on Saturday.

Several other research firms have also recently issued reports on III. Weiss Ratings reissued a "hold (c+)" rating on shares of Information Services Group in a report on Wednesday, January 28th. Barrington Research lowered their price objective on Information Services Group from $7.00 to $5.50 and set an "outperform" rating on the stock in a report on Monday, March 9th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $5.50.

Information Services Group Price Performance

Shares of NASDAQ III opened at $3.96 on Friday. The stock has a fifty day moving average price of $4.58 and a 200 day moving average price of $5.28. Information Services Group has a 1-year low of $3.42 and a 1-year high of $6.45. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.34 and a quick ratio of 2.34. The company has a market cap of $188.77 million, a PE ratio of 22.00, a P/E/G ratio of 0.86 and a beta of 1.09.

Information Services Group (NASDAQ:III - Get Free Report) last announced its quarterly earnings data on Thursday, March 5th. The business services provider reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08. The company had revenue of $61.21 million for the quarter, compared to analysts' expectations of $61.11 million. Information Services Group had a net margin of 3.82% and a return on equity of 11.49%. Sell-side analysts forecast that Information Services Group will post 0.09 EPS for the current year.

Hedge Funds Weigh In On Information Services Group

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC lifted its stake in shares of Information Services Group by 250.1% in the second quarter. Tower Research Capital LLC TRC now owns 10,047 shares of the business services provider's stock valued at $48,000 after purchasing an additional 7,177 shares during the period. American Century Companies Inc. acquired a new position in Information Services Group during the second quarter worth about $53,000. BNP Paribas Financial Markets increased its holdings in Information Services Group by 65.7% in the third quarter. BNP Paribas Financial Markets now owns 9,427 shares of the business services provider's stock valued at $54,000 after buying an additional 3,739 shares in the last quarter. SG Americas Securities LLC purchased a new position in Information Services Group in the third quarter valued at about $60,000. Finally, Verdad Advisers LP acquired a new stake in shares of Information Services Group during the 4th quarter valued at approximately $67,000. 73.10% of the stock is owned by institutional investors and hedge funds.

Information Services Group Company Profile

Information Services Group, Inc (ISG) is a leading global technology research and advisory firm specializing in digital transformation, sourcing strategies and technology-driven business operations. Headquartered in Stamford, Connecticut, the company leverages deep market insights and data analytics to help clients optimize cost structures, accelerate growth and navigate complex technology landscapes. Since its founding in 2006, ISG has cultivated expertise across industries including financial services, healthcare, manufacturing and the public sector.

ISG's core offerings include sourcing advisory, managed governance, market intelligence and research services.

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