Iteris (NASDAQ:ITI) Now Covered by Analysts at StockNews.com

Stock analysts at StockNews.com started coverage on shares of Iteris (NASDAQ:ITI) in a report issued on Sunday. The brokerage set a “buy” rating on the technology company’s stock.

Other analysts also recently issued reports about the company. Northland Capmk downgraded Iteris from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 9th. Maxim Group reaffirmed a “hold” rating on shares of Iteris in a research report on Monday, August 12th. Finally, B. Riley reissued a “neutral” rating and issued a $7.20 price target (down from $8.00) on shares of Iteris in a report on Wednesday, August 21st.

Iteris Price Performance

NASDAQ ITI opened at $7.14 on Friday. The company has a fifty day moving average price of $6.38 and a 200-day moving average price of $5.20. The firm has a market cap of $306.84 million, a price-to-earnings ratio of 102.00 and a beta of 0.86. Iteris has a 1 year low of $3.97 and a 1 year high of $7.16.

Iteris (NASDAQ:ITI) last issued its quarterly earnings data on Thursday, August 8th. The technology company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The firm had revenue of $45.78 million during the quarter, compared to the consensus estimate of $44.02 million. Iteris had a return on equity of 2.02% and a net margin of 0.80%. On average, research analysts anticipate that Iteris will post 0.18 EPS for the current fiscal year.

Insider Activity at Iteris

In other news, major shareholder Samjo Management, Llc sold 848,300 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $6.99, for a total transaction of $5,929,617.00. Following the completion of the transaction, the insider now owns 4,165,000 shares in the company, valued at approximately $29,113,350. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.40% of the stock is owned by company insiders.

Institutional Trading of Iteris

Several hedge funds and other institutional investors have recently modified their holdings of the business. Bouvel Investment Partners LLC grew its position in shares of Iteris by 2.3% in the first quarter. Bouvel Investment Partners LLC now owns 301,740 shares of the technology company’s stock valued at $1,491,000 after purchasing an additional 6,850 shares in the last quarter. First Eagle Investment Management LLC grew its holdings in Iteris by 4.0% during the 1st quarter. First Eagle Investment Management LLC now owns 497,092 shares of the technology company’s stock valued at $2,456,000 after buying an additional 19,023 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Iteris by 1.7% during the first quarter. Vanguard Group Inc. now owns 2,454,413 shares of the technology company’s stock valued at $12,125,000 after buying an additional 41,618 shares during the period. Natixis purchased a new stake in shares of Iteris in the first quarter worth about $642,000. Finally, EntryPoint Capital LLC bought a new position in shares of Iteris in the first quarter valued at approximately $66,000. Institutional investors own 51.16% of the company’s stock.

Iteris Company Profile

Iteris, Inc provides intelligent transportation systems technology solutions in North America, Europe, South America, and Asia. The company offers smart mobility infrastructure solutions include traveler information systems, transportation performance measurement software, traffic analytics software, transportation operations software, transportation-related data sets, advanced sensing devices, managed services, traffic engineering services, and mobility consulting services.