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

Investment analysts at StockNews.com began coverage on shares of Iteris (NASDAQ:ITI) in a research note issued to investors on Sunday. The firm set a “buy” rating on the technology company’s stock.

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

Iteris Stock Performance

Iteris stock opened at $7.14 on Friday. The business’s 50-day simple moving average is $6.38 and its two-hundred day simple moving average is $5.20. The company has a market cap of $306.84 million, a PE ratio of 102.00 and a beta of 0.86. Iteris has a fifty-two week low of $3.97 and a fifty-two week high of $7.16.

Iteris (NASDAQ:ITI) last announced its quarterly earnings data on Thursday, August 8th. The technology company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by ($0.01). The business had revenue of $45.78 million for the quarter, compared to analyst estimates of $44.02 million. Iteris had a net margin of 0.80% and a return on equity of 2.02%. As a group, analysts predict that Iteris will post 0.18 EPS for the current fiscal year.

Insider Transactions at Iteris

In other news, major shareholder Samjo Management, Llc sold 848,300 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $6.99, for a total value of $5,929,617.00. Following the sale, the insider now directly owns 4,165,000 shares of the company’s stock, valued at approximately $29,113,350. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 7.40% of the company’s stock.

Institutional Trading of Iteris

A number of institutional investors have recently bought and sold shares of ITI. Bouvel Investment Partners LLC boosted its holdings in shares of Iteris by 2.3% in the 1st quarter. Bouvel Investment Partners LLC now owns 301,740 shares of the technology company’s stock valued at $1,491,000 after buying an additional 6,850 shares in the last quarter. First Eagle Investment Management LLC increased its position in shares of Iteris by 4.0% during the first quarter. First Eagle Investment Management LLC now owns 497,092 shares of the technology company’s stock worth $2,456,000 after purchasing an additional 19,023 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Iteris by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 2,454,413 shares of the technology company’s stock valued at $12,125,000 after purchasing an additional 41,618 shares during the last quarter. Natixis acquired a new stake in shares of Iteris in the 1st quarter valued at about $642,000. Finally, EntryPoint Capital LLC acquired a new stake in shares of Iteris in the 1st quarter valued at about $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.