Iteris (NASDAQ:ITI) earns Buy rating from analysts at StockNews.com

StockNews.com initiated coverage of the stock of Iteris (NASDAQ:ITI – Free Report) in a research report published on Monday morning. The brokerage has issued a buy rating on the technology company’s stock.

A number of other research analysts have also commented on ITI. Northland Capmk cut Iteris from a strong-buy rating to a hold rating in a report on Friday, August 9th. B. Riley restated a neutral rating and issued a $7.20 price objective (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 research note on Monday, August 12th.

Check out our latest research report on ITI

Iteris Price Performance

Shares of ITI stock opened at $7.17 on Monday. Iteris has a 12-month low of $3.97 and a 12-month high of $7.19. The stock’s 50-day moving average is $6.70, and its two-hundred-day moving average is $5.32. The stock has a market cap of $308.13 million, a PE ratio of 102.43 and a beta of 0.86.

Iteris (NASDAQ:ITI – Get Free Report ) last posted its quarterly earnings results on Thursday, August 8th. The technology company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). Iteris had a return on equity of 2.02% and a net margin of 0.80%. The company had revenue of $45.78 million during the quarter, compared to the consensus estimate of $44.02 million. On average, research analysts anticipate that Iteris will post 0.18 earnings per share for the current year.

Insider buying and selling at Iteris

In related news, major shareholder Samjo Management, Llc sold 848,300 shares of the company’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $6.99, for a total value of $5,929,617.00. Following the completion of the sale, the insider now directly owns 4,165,000 shares in the company, valued at approximately $29,113,350. This represents a 0.00 % decrease in ownership of the shares. The sale was disclosed in a filing with the SEC, which is accessible via this link. Corporate insiders own 7.40% of the company’s shares.

Institutional investors are weighing in on Iteris

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bfsg LLC boosted its holdings in shares of Iteris by 31.4% in the second quarter. Bfsg LLC now owns 12,720 shares of the technology company’s stock worth $55,000 after acquiring an additional 3,038 shares during the period. Bouvel Investment Partners LLC boosted its stake in Iteris by 2.3% in the first quarter. Bouvel Investment Partners LLC now owns 301,740 shares of the technology company’s stock worth $1,491,000 after acquiring an additional 6,850 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in Iteris in the first quarter valued at approximately $43,000. Bank of New York Mellon Corp lifted its position in shares of Iteris by 8.2% during the second quarter. Bank of New York Mellon Corp now owns 134,539 shares of the technology company’s stock worth $583,000 after purchasing an additional 10,208 shares during the period. Finally, Dynamic Advisor Solutions LLC boosted its stake in Iteris by 6.5% in the second quarter. Dynamic Advisor Solutions LLC now owns 184,464 shares of the technology company’s stock valued at $799,000 after purchasing an additional 11,247 shares in the last quarter. Institutional investors and hedge funds own 51.16% of the company’s shares.

About Iteris

(Get a free report)

Iteris, Inc provides intelligent transportation system technology solutions in North America, Europe, South America and Asia. The company provides smart mobility infrastructure solutions that include passenger information systems, transportation performance measurement software, traffic analysis software, transportation operations software, transportation related data sets, advanced sensing devices, managed services, traffic engineering services and mobility consultancy services.

Further reading

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