Itron (NASDAQ:ITRI) Stock Rating Cut to Hold at Zacks Research

Itron (NASDAQ:ITRI) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday, Zacks reports.

ITRI has been the subject of a number of other research reports. Robert W. Baird set a $125.00 price target on Itron in a report on Wednesday, July 29th. Needham & Company LLC raised their price target on shares of Itron from $116.00 to $128.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Seaport Research Partners reaffirmed a “buy” rating and set a $150.00 price target on shares of Itron in a report on Wednesday, July 29th. Finally, Weiss Ratings raised shares of Itron from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, October 12th. Eight equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $131.33.

Itron Price Performance

ITRI opened at $84.62 on Monday. The company has a 50 day moving average of $92.49 and a two-hundred day moving average of $89.08. The company has a quick ratio of 2.29, a current ratio of 2.75 and a debt-to-equity ratio of 0.96. Itron has a 52-week low of $77.77 and a 52-week high of $142.00. The company has a market cap of $3.71 billion, a P/E ratio of 14.13, a P/E/G ratio of 0.99 and a beta of 1.32.

Itron (NASDAQ:ITRI) last announced its quarterly earnings results on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.30. The firm had revenue of $562.90 million during the quarter, compared to the consensus estimate of $566.34 million. Itron had a return on equity of 19.26% and a net margin of 11.90%. The firm’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.62 EPS. Itron has set its Q3 2026 guidance at 1.500-1.600 EPS and its FY 2026 guidance at 6.300-6.500 EPS. On average, analysts expect that Itron will post 6.41 earnings per share for the current year.

Insider Activity at Itron

In related news, SVP Donald L. Reeves III sold 283 shares of the company’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $99.99, for a total value of $28,297.17. Following the sale, the senior vice president directly owned 27,662 shares of the company’s stock, valued at $2,765,923.38. This represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Justin K. Patrick sold 10,210 shares of the stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $97.36, for a total transaction of $994,045.60. Following the transaction, the senior vice president owned 22,065 shares in the company, valued at $2,148,248.40. This trade represents a 31.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 17,903 shares of company stock worth $1,753,521 over the last three months. 1.77% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ITRI. Pinnacle Associates Ltd. lifted its position in shares of Itron by 5.2% in the 3rd quarter. Pinnacle Associates Ltd. now owns 289,185 shares of the scientific and technical instruments company’s stock worth $24,968,000 after buying an additional 14,344 shares during the last quarter. New Wave Wealth Advisors LLC acquired a new position in shares of Itron in the 3rd quarter valued at about $702,000. IFP Advisors Inc boosted its holdings in shares of Itron by 38.7% in the 3rd quarter. IFP Advisors Inc now owns 803 shares of the scientific and technical instruments company’s stock valued at $69,000 after buying an additional 224 shares during the period. Robertson Stephens Wealth Management LLC acquired a new position in shares of Itron in the 3rd quarter valued at about $321,000. Finally, TD Waterhouse Canada Inc. grew its position in shares of Itron by 349.7% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 778 shares of the scientific and technical instruments company’s stock valued at $67,000 after buying an additional 605 shares during the last quarter. 96.19% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Itron

Here are the key news stories impacting Itron this week:

• Positive Sentiment: SmartMark partnership expands customer-to-grid opportunity. Itron is collaborating with SmartMark Communications to connect customer engagement with grid operations. The companies aim to help utilities improve reliability, affordability and customer experience while increasing visibility into behind-the-meter resources. This could support adoption of Itron’s Grid Edge Intelligence offerings. SmartMark Collaborates with Itron to Deliver Customer-to-Grid Solutions
• Positive Sentiment: Utility research points to continued demand for Itron’s technology. Itron’s studies found that 93% of utilities globally—and 87% of Nordic utilities—used major data and intelligence investments for at least two additional applications beyond their original purpose. Utilities are prioritizing cloud analytics, executive decision support and enterprise integration, creating potential expansion opportunities for Itron. Itron Global Study
• Positive Sentiment: Eversource award provides customer validation. Eversource Energy received Itron’s 2026 Innovator Award for using advanced metering infrastructure beyond basic meter reading, including resilient connectivity and grid-edge intelligence. The recognition highlights practical utility applications for Itron’s modernization platform. Eversource Energy Wins 2026 Itron Innovator Award
• Neutral Sentiment: Execution challenges remain. Nordic utilities identified automation, technical integration and data quality as major obstacles to turning analytics into operational decisions. The findings indicate strong market need but also show that Itron and its customers must overcome implementation hurdles before demand translates into results. Itron Study: Nordic Utilities
• Negative Sentiment: Recent trading weakness and limited near-term financial catalysts temper the reaction. Itron previously underperformed the broader market in the latest session, and the new announcements provide strategic validation rather than an immediate earnings upgrade or contract-value disclosure.

Itron Company Profile

Itron, Inc is a technology company that provides solutions to utilities and cities for managing electricity, natural gas, and water resources. Its offerings help organizations measure consumption, collect and analyze data, improve operational efficiency, and support more reliable and sustainable delivery of essential services.

The company’s portfolio includes smart meters, advanced metering infrastructure, communications networks, sensors, data management systems, and utility software.