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

Stock analysts at StockNews.com initiated coverage on shares of Iteris (NASDAQ:ITI) in a research report issued to clients and investors on Thursday. The brokerage set a “buy” rating on the technology company’s stock.

ITI has been the subject of a number of other reports. Maxim Group reissued a “hold” rating on shares of Iteris in a research note on Monday, August 12th. Northland Capmk lowered Iteris from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 9th. Finally, B. Riley restated 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.

Iteris Price Performance

Iteris stock opened at $7.09 on Thursday. The firm has a market capitalization of $304.69 million, a price-to-earnings ratio of 101.29 and a beta of 0.83. The company’s 50 day simple moving average is $5.60 and its 200 day simple moving average is $4.98. Iteris has a fifty-two week low of $3.97 and a fifty-two week high of $7.12.

Iteris (NASDAQ:ITI) last posted its earnings results on Thursday, August 8th. The technology company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.01). Iteris had a return on equity of 2.02% and a net margin of 0.80%. The firm had revenue of $45.78 million during the quarter, compared to analyst estimates of $44.02 million. As a group, analysts predict that Iteris will post 0.18 EPS for the current fiscal year.

Insider Buying and Selling at Iteris

In other Iteris news, major shareholder Samjo Management, Llc sold 848,300 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $6.99, for a total value of $5,929,617.00. Following the sale, the insider now owns 4,165,000 shares in the company, valued at approximately $29,113,350. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 2,050,885 shares of company stock valued at $14,340,733 in the last 90 days. 7.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Iteris

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. 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 stake in 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 buying an additional 3,038 shares during the period. EntryPoint Capital LLC acquired a new stake in shares of Iteris in the first quarter valued at approximately $66,000. Cubist Systematic Strategies LLC bought a new position in shares of Iteris during the 2nd quarter worth approximately $91,000. Finally, Perritt Capital Management Inc. increased its holdings in shares of Iteris by 150.0% during the 1st quarter. Perritt Capital Management Inc. now owns 25,000 shares of the technology company’s stock worth $124,000 after acquiring an additional 15,000 shares during the last quarter. Institutional investors own 51.16% of the company’s stock.

About Iteris

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.