Iteris (ITI) Given Daily Media Sentiment Score of 0.07

Headlines about Iteris (NASDAQ:ITI) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Iteris earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave media coverage about the technology company an impact score of 46.8366613968601 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the headlines that may have impacted Accern’s rankings:

Shares of NASDAQ ITI opened at $4.97 on Friday. The stock has a market cap of $156.77, a P/E ratio of -62.13 and a beta of -0.13. Iteris has a 1-year low of $4.43 and a 1-year high of $8.17.

Iteris (NASDAQ:ITI) last announced its quarterly earnings data on Wednesday, February 7th. The technology company reported ($0.03) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.01. The company had revenue of $26.03 million for the quarter, compared to analysts’ expectations of $23.28 million. Iteris had a negative return on equity of 10.05% and a negative net margin of 4.32%. research analysts anticipate that Iteris will post -0.11 earnings per share for the current year.

A number of analysts have recently issued reports on the company. Zacks Investment Research downgraded Iteris from a “hold” rating to a “sell” rating in a research report on Wednesday. B. Riley set a $9.00 price target on Iteris and gave the company a “buy” rating in a research report on Thursday, January 11th. Finally, JMP Securities assumed coverage on Iteris in a research report on Thursday, January 25th. They set an “outperform” rating and a $10.50 price target for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. Iteris has a consensus rating of “Buy” and a consensus target price of $8.75.

In related news, insider Thomas N. Blair sold 18,750 shares of the firm’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $6.05, for a total transaction of $113,437.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Neil S. Subin sold 113,523 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $6.07, for a total value of $689,084.61. The disclosure for this sale can be found here. Over the last three months, insiders have sold 231,414 shares of company stock worth $1,550,045. 4.30% of the stock is currently owned by insiders.

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About Iteris

Iteris, Inc is a provider of information solutions for both the traffic management and global agribusiness markets. The Company operates through three segments: Roadway Sensors, Transportation Systems and Performance Analytics. The Roadway Sensors segment provides various vehicle detection and information systems and products for traffic intersection control, incident detection and roadway traffic data collection applications.

Insider Buying and Selling by Quarter for Iteris (NASDAQ:ITI)

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