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

Investment analysts at StockNews.com initiated coverage on shares of Iteris (NASDAQ:ITI) in a research report issued to clients and investors on Monday. The brokerage set a “buy” rating on the technology company’s stock.

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

Iteris Stock Up 0.1 %

NASDAQ ITI opened at $7.17 on Monday. The company’s 50 day moving average is $6.66 and its 200-day moving average is $5.30. Iteris has a 12-month low of $3.97 and a 12-month high of $7.19. The firm has a market cap of $308.13 million, a P/E ratio of 102.43 and a beta of 0.86.

Iteris (NASDAQ:ITI) last posted its quarterly earnings results on Thursday, August 8th. The technology company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.01). Iteris had a net margin of 0.80% and a return on equity of 2.02%. The business had revenue of $45.78 million during the quarter, compared to the consensus estimate of $44.02 million. Equities analysts expect that Iteris will post 0.18 EPS for the current year.

Insiders Place Their Bets

In other news, major shareholder Samjo Management, Llc sold 848,300 shares of the company’s stock in a transaction 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 completion of the sale, the insider now owns 4,165,000 shares of the company’s stock, valued at approximately $29,113,350. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 7.40% of the company’s stock.

Institutional Investors Weigh In On Iteris

A number of institutional investors have recently made changes to their positions in the business. Jacobs Levy Equity Management Inc. bought a new stake in Iteris during the 1st quarter valued at $1,270,000. Natixis bought a new stake in Iteris during the 1st quarter valued at $642,000. Private Management Group Inc. raised its holdings in Iteris by 13.3% during 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 buying an additional 191,511 shares during the last quarter. Vanguard Group Inc. raised its holdings in Iteris by 1.7% during the 1st 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 last quarter. Finally, Acuitas Investments LLC raised its holdings in Iteris by 155.2% during the 2nd quarter. Acuitas Investments LLC now owns 270,534 shares of the technology company’s stock valued at $1,171,000 after buying an additional 164,539 shares during the last quarter. Hedge funds and other institutional investors own 51.16% of the company’s stock.

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.