Iteris (NASDAQ:ITI) Receives Neutral Rating from B. Riley

B. Riley reiterated their neutral rating on shares of Iteris (NASDAQ:ITI) in a report issued on Wednesday morning, Marketbeat reports. B. Riley currently has a $7.20 target price on the technology company’s stock, down from their previous target price of $8.00. B. Riley also issued estimates for Iteris’ Q3 2025 earnings at $0.07 EPS and Q4 2025 earnings at $0.07 EPS.

A number of other equities analysts also recently issued reports on the company. StockNews.com started coverage on Iteris in a research note on Tuesday, August 20th. They issued a buy rating on the stock. Northland Capmk cut Iteris from a strong-buy rating to a hold rating in a research report on Friday, August 9th. Finally, Maxim Group restated a hold rating on shares of Iteris in a research note on Monday, August 12th.

Iteris Stock Up 0.4 %

ITI opened at $7.08 on Wednesday. Iteris has a twelve month low of $3.97 and a twelve month high of $7.11. The firm has a 50 day moving average price of $5.02 and a 200-day moving average price of $4.85. The stock has a market capitalization of $304.26 million, a price-to-earnings ratio of 101.14 and a beta of 0.83.

Insider Transactions at Iteris

In other Iteris news, major shareholder Samjo Management, Llc sold 1,200,000 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $7.00, for a total transaction of $8,400,000.00. Following the completion of the sale, the insider now owns 5,013,300 shares of the company’s stock, valued at $35,093,100. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 2,050,885 shares of company stock worth $14,340,733 in the last 90 days. 7.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Iteris

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bfsg LLC increased its stake 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 purchasing an additional 3,038 shares in the last quarter. Panagora Asset Management Inc. increased its stake in Iteris by 17.5% in the 4th quarter. Panagora Asset Management Inc. now owns 32,962 shares of the technology company’s stock worth $171,000 after buying an additional 4,904 shares in the last quarter. Bouvel Investment Partners LLC raised its holdings 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 during the period. Public Employees Retirement System of Ohio purchased a new position in shares of Iteris in the first quarter valued at about $43,000. Finally, Bank of New York Mellon Corp grew 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 in 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.