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

StockNews.com initiated coverage on shares of Iteris (NASDAQ:ITI) in a research report report published on Sunday. The firm issued a buy rating on the technology company’s stock.

Several other research firms have also weighed in on ITI. Northland Capmk lowered shares of Iteris from a strong-buy rating to a hold rating in a research report on Friday, August 9th. Maxim Group restated a hold rating on shares of Iteris in a research report on Monday, August 12th. Finally, B. Riley reiterated a neutral rating and set a $7.20 price objective (down previously from $8.00) on shares of Iteris in a research report on Wednesday, August 21st.

Iteris Trading Up 0.1 %

Shares of NASDAQ:ITI opened at $7.15 on Friday. The company has a 50 day moving average of $6.43 and a 200-day moving average of $5.22. The firm has a market cap of $307.27 million, a P/E ratio of 102.14 and a beta of 0.86. Iteris has a twelve month low of $3.97 and a twelve month high of $7.16.

Iteris (NASDAQ:ITI) last issued 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). The firm had revenue of $45.78 million for the quarter, compared to the consensus estimate of $44.02 million. Iteris had a net margin of 0.80% and a return on equity of 2.02%. Equities research analysts forecast that Iteris will post 0.18 EPS for the current year.

Insider Transactions at Iteris

In other news, major shareholder Samjo Management, Llc sold 1,200,000 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $7.00, for a total value of $8,400,000.00. Following the completion of the sale, the insider now owns 5,013,300 shares in the company, valued at $35,093,100. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 7.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Iteris

Several hedge funds have recently bought and sold shares of ITI. Bfsg LLC increased its position in Iteris by 31.4% in the 2nd quarter. Bfsg LLC now owns 12,720 shares of the technology company’s stock worth $55,000 after purchasing an additional 3,038 shares during the last quarter. Bouvel Investment Partners LLC raised its position in Iteris by 2.3% during the first quarter. Bouvel Investment Partners LLC now owns 301,740 shares of the technology company’s stock valued at $1,491,000 after acquiring an additional 6,850 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Iteris in the first quarter valued at approximately $43,000. Bank of New York Mellon Corp grew its position in Iteris by 8.2% in the second quarter. Bank of New York Mellon Corp now owns 134,539 shares of the technology company’s stock worth $583,000 after acquiring an additional 10,208 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC increased its stake in shares of Iteris by 6.5% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 184,464 shares of the technology company’s stock worth $799,000 after purchasing an additional 11,247 shares during the last quarter. 51.16% of the stock is owned by hedge funds and other institutional investors.

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.