StockNews.com Begins Coverage on Iteris (NASDAQ:ITI)

StockNews.com assumed coverage on shares of Iteris (NASDAQ:ITI - Free Report) in a research report report published on Thursday morning. The firm issued a buy rating on the technology company's stock.

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

Iteris Stock Performance

ITI remained flat at $7.20 during trading hours on Thursday. 178,371 shares of the company traded hands, compared to its average volume of 326,845. The company has a market capitalization of $308.30 million, a PE ratio of 240.08 and a beta of 0.86. Iteris has a fifty-two week low of $4.00 and a fifty-two week high of $7.20. The firm has a fifty day moving average price of $7.13 and a 200-day moving average price of $5.58.

Iteris (NASDAQ:ITI - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The technology company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.02 by ($0.01). The business had revenue of $45.78 million for the quarter, compared to analyst estimates of $44.02 million. Iteris had a return on equity of 2.02% and a net margin of 0.80%. As a group, sell-side analysts anticipate that Iteris will post 0.16 EPS for the current fiscal year.

Insider Transactions at Iteris

In other news, major shareholder Samjo Management, Llc sold 848,300 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $6.99, for a total transaction of $5,929,617.00. Following the sale, the insider now directly 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 7.40% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Iteris by 1.7% during the first quarter. Vanguard Group Inc. now owns 2,454,413 shares of the technology company's stock valued at $12,125,000 after acquiring an additional 41,618 shares during the last quarter. Private Management Group Inc. grew its holdings in Iteris by 13.3% in the second quarter. Private Management Group Inc. now owns 1,626,954 shares of the technology company's stock worth $7,045,000 after purchasing an additional 191,511 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Iteris by 4.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,103,776 shares of the technology company's stock worth $4,779,000 after purchasing an additional 43,493 shares in the last quarter. First Eagle Investment Management LLC grew its stake in shares of Iteris by 3.7% in the 2nd quarter. First Eagle Investment Management LLC now owns 515,381 shares of the technology company's stock valued at $2,232,000 after buying an additional 18,289 shares during the period. Finally, Renaissance Technologies LLC increased its position in Iteris by 24.2% in the 2nd quarter. Renaissance Technologies LLC now owns 375,885 shares of the technology company's stock valued at $1,628,000 after buying an additional 73,300 shares in the last quarter. 51.16% of the stock is currently owned by institutional investors.

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.