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

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

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

Iteris Price Performance

Shares of Iteris stock opened at $7.19 on Friday. The business’s fifty day moving average price is $7.16 and its two-hundred day moving average price is $5.77. The company has a market capitalization of $307.88 million, a P/E ratio of 239.75 and a beta of 0.87. Iteris has a 1-year low of $4.00 and a 1-year high of $7.20.

Institutional Investors Weigh In On Iteris

A number of institutional investors and hedge funds have recently modified their holdings of ITI. Jacobs Levy Equity Management Inc. purchased a new position in shares of Iteris during the first quarter valued at $1,270,000. Natixis acquired a new position in Iteris in the 1st quarter valued at approximately $642,000. Private Management Group Inc. raised its holdings in Iteris by 13.3% in the 2nd quarter. Private Management Group Inc. now owns 1,626,954 shares of the technology company’s stock valued at $7,045,000 after acquiring an additional 191,511 shares in the last quarter. Vanguard Group Inc. grew its stake 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 period. Finally, Acuitas Investments LLC grew its stake in shares of Iteris by 155.2% in the 2nd quarter. Acuitas Investments LLC now owns 270,534 shares of the technology company’s stock valued at $1,171,000 after purchasing an additional 164,539 shares during the period. 51.16% of the stock is owned by institutional investors and hedge funds.

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.