Iteris (NASDAQ:ITI) Coverage Initiated at StockNews.com

StockNews.com assumed coverage on shares of Iteris (NASDAQ:ITI) in a research note published on Wednesday morning. The brokerage issued a buy rating on the technology company’s stock.

A number of other analysts also recently commented on the stock. Maxim Group reiterated a hold rating on shares of Iteris in a report on Monday, August 12th. Northland Capmk cut Iteris from a strong-buy rating to a hold rating in a report on Friday, August 9th. Finally, B. Riley reissued a neutral rating and set a $7.20 price objective (down from $8.00) on shares of Iteris in a research note on Wednesday, August 21st.

Iteris Stock Down 0.3 %

NASDAQ:ITI opened at $7.05 on Wednesday. The business’s 50-day moving average price is $5.31 and its 200 day moving average price is $4.92. Iteris has a 52-week low of $3.97 and a 52-week high of $7.11. The firm has a market cap of $302.97 million, a P/E ratio of 100.71 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 on Friday, August 9th. The shares were sold at an average price of $7.00, for a total transaction of $8,400,000.00. Following the sale, the insider now directly owns 5,013,300 shares of the company’s stock, valued at approximately $35,093,100. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold a total of 2,050,885 shares of company stock valued at $14,340,733 over the last ninety days. Corporate insiders own 7.40% of the company’s stock.

Hedge Funds Weigh In On Iteris

Institutional investors and hedge funds have recently bought and sold shares of the business. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Iteris during the first quarter worth $1,270,000. Natixis purchased a new stake in shares of Iteris during the 1st quarter worth about $642,000. Vanguard Group Inc. raised its stake in shares of Iteris by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 2,454,413 shares of the technology company’s stock worth $12,125,000 after purchasing an additional 41,618 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its holdings 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 valued at $799,000 after buying an additional 11,247 shares during the last quarter. Finally, First Eagle Investment Management LLC increased its holdings in Iteris by 4.9% in the fourth quarter. First Eagle Investment Management LLC now owns 478,069 shares of the technology company’s stock worth $2,486,000 after buying an additional 22,289 shares during the last quarter. Hedge funds and other institutional investors own 51.16% of the company’s stock.

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.