Stock analysts at Dougherty & Co began coverage on shares of Iteris, Inc. (NASDAQ:ITI) in a research note issued to investors on Tuesday, reports. The brokerage set a “buy” rating and a $8.00 price target on the technology company’s stock. Dougherty & Co’s target price suggests a potential upside of 21.21% from the company’s previous close.

A number of other analysts have also recently commented on ITI. B. Riley reissued a “buy” rating on shares of Iteris in a research note on Friday, June 9th. ValuEngine raised shares of Iteris from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research raised shares of Iteris from a “sell” rating to a “hold” rating in a research note on Wednesday, April 12th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $5.88.

Shares of Iteris (NASDAQ:ITI) traded up 4.10% during midday trading on Tuesday, reaching $6.60. The company’s stock had a trading volume of 225,952 shares. The stock has a 50-day moving average of $6.09 and a 200 day moving average of $5.36. The firm’s market capitalization is $214.45 million. Iteris has a 12-month low of $3.03 and a 12-month high of $6.88.

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An institutional investor recently raised its position in Iteris stock. Renaissance Technologies LLC raised its stake in shares of Iteris, Inc. (NASDAQ:ITI) by 8.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 649,100 shares of the technology company’s stock after buying an additional 48,900 shares during the period. Renaissance Technologies LLC owned approximately 2.02% of Iteris worth $2,363,000 as of its most recent filing with the SEC. 25.76% of the stock is currently owned by institutional investors and hedge funds.

Iteris Company Profile

Iteris, Inc is a provider of information solutions for both the traffic management and global agribusiness markets. The Company operates through three segments: Roadway Sensors, Transportation Systems and Performance Analytics. The Roadway Sensors segment provides various vehicle detection and information systems and products for traffic intersection control, incident detection and roadway traffic data collection applications.

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