Investment analysts at StockNews.com started coverage on shares of Iteris (NASDAQ:ITI - Get Free Report) in a note issued to investors on Tuesday. The brokerage set a "buy" rating on the technology company's stock.
A number of other brokerages have also recently issued reports on ITI. Maxim Group reiterated a "hold" rating on shares of Iteris in a report on Monday, August 12th. B. Riley reiterated 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. Finally, Northland Capmk downgraded shares of Iteris from a "strong-buy" rating to a "hold" rating in a report on Friday, August 9th.
Read Our Latest Research Report on Iteris
Iteris Stock Performance
ITI remained flat at $7.19 on Tuesday. 201,988 shares of the company were exchanged, compared to its average volume of 332,421. The stock has a market cap of $308.99 million, a P/E ratio of 102.71 and a beta of 0.86. The business has a 50-day moving average price of $6.98 and a 200 day moving average price of $5.40. Iteris has a 52-week low of $3.97 and a 52-week high of $7.19.
Iteris (NASDAQ:ITI - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The technology company reported $0.01 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 company had revenue of $45.78 million for the quarter, compared to analysts' expectations of $44.02 million. On average, sell-side analysts anticipate that Iteris will post 0.16 earnings per share for the current year.
Insider Activity
In other news, major shareholder Samjo Management, Llc sold 848,300 shares of the firm'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 transaction, the insider now directly owns 4,165,000 shares of the company's stock, valued at approximately $29,113,350. This trade represents a 0.00 % decrease in their position. The transaction 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.
Hedge Funds Weigh In On Iteris
A number of hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio acquired a new stake in shares of Iteris during the 1st quarter worth about $43,000. Bfsg LLC raised its stake in shares of Iteris by 31.4% in the second quarter. Bfsg LLC now owns 12,720 shares of the technology company's stock valued at $55,000 after acquiring an additional 3,038 shares during the last quarter. EntryPoint Capital LLC acquired a new position in shares of Iteris in the 1st quarter worth approximately $66,000. SG Americas Securities LLC bought a new stake in Iteris during the 3rd quarter worth approximately $125,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Iteris during the 2nd quarter valued at $91,000. 51.16% of the stock is owned by institutional investors and hedge funds.
Iteris Company Profile
(
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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.
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