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

Equities research analysts at StockNews.com started coverage on shares of Iteris (NASDAQ:ITI - Get Free Report) in a research note issued to investors on Friday. The firm set a "buy" rating on the technology company's stock.

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

Iteris Price Performance

ITI stock remained flat at $7.19 during mid-day trading on Friday. 4,543 shares of the company's stock were exchanged, compared to its average volume of 329,061. Iteris has a fifty-two week low of $4.00 and a fifty-two week high of $7.20. The firm has a market cap of $307.88 million, a PE ratio of 239.75 and a beta of 0.87. The company has a 50 day simple moving average of $7.15 and a 200-day simple moving average of $5.70.

Iteris (NASDAQ:ITI - Get Free Report) last announced its 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 for the quarter, compared to analysts' expectations of $44.02 million. As a group, equities analysts anticipate that Iteris will post 0.16 earnings per share for the current year.

Insiders Place Their Bets

In related news, major shareholder Samjo Management, Llc sold 848,300 shares of the company's stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $6.99, for a total transaction 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 7.40% of the stock is owned by company insiders.

Institutional Trading of Iteris

A number of hedge funds and other institutional investors have recently made changes to their positions in ITI. Access Investment Management LLC increased its holdings in Iteris by 67.7% in the 3rd quarter. Access Investment Management LLC now owns 4,570 shares of the technology company's stock valued at $33,000 after purchasing an additional 1,845 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Iteris in the first quarter valued at $43,000. Bfsg LLC raised its holdings in shares of Iteris by 31.4% in the 2nd quarter. Bfsg LLC now owns 12,720 shares of the technology company's stock valued at $55,000 after buying an additional 3,038 shares during the period. EntryPoint Capital LLC acquired a new position in Iteris during the 1st quarter worth about $66,000. Finally, Cubist Systematic Strategies LLC purchased a new position in Iteris during the 2nd quarter valued at about $91,000. Institutional investors and hedge funds own 51.16% of the company's stock.

Iteris Company Profile

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.