Iteris (NASDAQ:ITI) Earns Buy Rating from Analysts at StockNews.com

Investment analysts at StockNews.com initiated coverage on shares of Iteris (NASDAQ:ITI) in a report released on Wednesday. The firm set a “buy” rating on the technology company’s stock.

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

Iteris Price Performance

Iteris stock opened at $7.19 on Wednesday. The firm has a market capitalization of $307.88 million, a price-to-earnings ratio of 239.75 and a beta of 0.86. Iteris has a fifty-two week low of $3.99 and a fifty-two week high of $7.20. The company’s 50 day simple moving average is $7.12 and its 200 day simple moving average is $5.50.

Iteris (NASDAQ:ITI) last issued 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 company 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, analysts predict that Iteris will post 0.16 EPS for the current fiscal year.

Insiders Place Their Bets

In other Iteris news, major shareholder Samjo Management, Llc sold 848,300 shares of the business’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 sale, the insider now directly owns 4,165,000 shares of the company’s stock, valued at $29,113,350. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 7.40% of the company’s stock.

Institutional Investors Weigh In On Iteris

Several institutional investors and hedge funds have recently added to or reduced their stakes in ITI. Public Employees Retirement System of Ohio bought a new stake in shares of Iteris in the 1st quarter valued at about $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 purchasing an additional 3,038 shares during the period. EntryPoint Capital LLC bought a new stake in shares of Iteris in the 1st quarter valued at about $66,000. Cubist Systematic Strategies LLC bought a new stake in shares of Iteris in the 2nd quarter valued at about $91,000. Finally, Perritt Capital Management Inc. raised its holdings in shares of Iteris by 150.0% in the 1st quarter. Perritt Capital Management Inc. now owns 25,000 shares of the technology company’s stock valued at $124,000 after purchasing an additional 15,000 shares during the period. 51.16% of the stock is 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.