Zacks: Iteris Inc. (NASDAQ:ITI) Receives Consensus Recommendation of “Strong Buy” from Analysts
Shares of Iteris Inc. (NASDAQ:ITI) have been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.
Analysts have set a 12-month consensus price target of $6.00 for the company and are predicting that the company will post ($0.02) EPS for the current quarter, according to Zacks. Zacks has also given Iteris an industry rank of 201 out of 265 based on the ratings given to related companies.
A number of equities analysts have commented on ITI shares. Zacks Investment Research raised Iteris from a “strong sell” rating to a “hold” rating in a report on Saturday, August 6th. Northland Securities reissued an “outperform” rating on shares of Iteris in a report on Tuesday, August 30th.
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Shares of Iteris (NASDAQ:ITI) traded down 3.29% during midday trading on Tuesday, hitting $3.82. The company had a trading volume of 100,628 shares. The company’s market capitalization is $122.50 million. The company has a 50-day moving average of $3.48 and a 200-day moving average of $2.86. Iteris has a 12 month low of $1.89 and a 12 month high of $4.04.
In related news, Director Global Investors Fundamental purchased 200,000 shares of the company’s stock in a transaction dated Wednesday, September 7th. The stock was acquired at an average cost of $3.79 per share, for a total transaction of $758,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 5.20% of the stock is owned by insiders.
A hedge fund recently raised its stake in Iteris stock. Renaissance Technologies LLC raised its stake in Iteris Inc. (NASDAQ:ITI) by 4.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 544,200 shares of the company’s stock after buying an additional 23,700 shares during the period. Renaissance Technologies LLC owned approximately 1.70% of Iteris worth $1,328,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 20.11% of the company’s stock.
Iteris, Inc is a provider of information solutions for the intelligent traffic systems (ITS) and the precision agriculture markets. The Company operates through three segments: Roadway Sensors, Transportation Systems and Performance Analytics. The Roadway Sensors segment products include Vantage, Vantage Vector, VantageView, SmartCycle and vehicle detection systems for traffic intersection control, incident detection and highway traffic data collection applications.
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