Iteris (NASDAQ:ITI) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Iteris (NASDAQ:ITI) in a research report released on Saturday. The brokerage issued a buy rating on the technology company’s stock.

Several other equities analysts have also issued reports on ITI. Northland Capmk lowered Iteris from a “strong-buy” rating to a “hold” rating in a report on Friday, August 9th. Maxim Group restated a “hold” rating on shares of Iteris in a research note on Monday, August 12th. Finally, B. Riley reaffirmed a “neutral” rating and set a $7.20 price target (down previously from $8.00) on shares of Iteris in a research report on Wednesday, August 21st.

Iteris Price Performance

NASDAQ ITI opened at $7.19 on Friday. The firm’s fifty day moving average price is $7.16 and its 200 day moving average price is $5.80. Iteris has a 12 month low of $4.00 and a 12 month high of $7.20. The company has a market capitalization of $307.88 million, a price-to-earnings ratio of 239.75 and a beta of 0.87.

Institutional Investors Weigh In On Iteris

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Access Investment Management LLC grew its holdings in shares of Iteris by 67.7% during the third quarter. Access Investment Management LLC now owns 4,570 shares of the technology company’s stock worth $33,000 after buying an additional 1,845 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Iteris in the 1st quarter valued at approximately $43,000. Intech Investment Management LLC acquired a new position in shares of Iteris in the third quarter valued at approximately $78,000. Bfsg LLC raised its stake in shares of Iteris by 31.4% during the second quarter. Bfsg LLC now owns 12,720 shares of the technology company’s stock worth $55,000 after purchasing an additional 3,038 shares during the last quarter. Finally, EntryPoint Capital LLC acquired a new stake in shares of Iteris during the first quarter worth $66,000. 51.16% of the stock is owned by hedge funds and other institutional investors.

About Iteris

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.