Iteris Inc (NYSE:ITI) issued its quarterly earnings results on Monday. The company reported ($0.02) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.02), Morningstar.com reports. The company had revenue of $27.18 million during the quarter, compared to analyst estimates of $26.31 million. Iteris had a negative net margin of 13.64% and a negative return on equity of 33.30%.

Iteris (NYSE ITI) traded down 0.837% on Tuesday, reaching $6.515. 264,305 shares of the company’s stock traded hands. The firm’s market cap is $211.69 million. The stock’s 50 day moving average is $6.18 and its 200 day moving average is $5.53. Iteris has a 52-week low of $3.03 and a 52-week high of $6.91.

ITI has been the subject of several recent research reports. Dougherty & Co initiated coverage on shares of Iteris in a research note on Tuesday, July 18th. They set a “buy” rating and a $8.00 target price for the company. Northland Securities set a $8.00 price target on shares of Iteris and gave the company a “buy” rating in a research report on Tuesday, July 4th. Zacks Investment Research downgraded shares of Iteris from a “hold” rating to a “sell” rating in a research report on Wednesday, June 21st. Finally, B. Riley restated a “buy” rating and issued a $9.00 price target on shares of Iteris in a research report on Friday, June 9th.

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In other news, major shareholder Lloyd I. Miller III sold 28,226 shares of Iteris stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $6.50, for a total value of $183,469.00. Following the sale, the insider now directly owns 42,743 shares in the company, valued at $277,829.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Global Investors Fundamental sold 385,218 shares of Iteris stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $5.49, for a total transaction of $2,114,846.82. The disclosure for this sale can be found here. Insiders sold 733,944 shares of company stock worth $4,061,066 over the last quarter.

Several hedge funds have recently bought and sold shares of the stock. Spark Investment Management LLC increased its stake in Iteris by 191.3% in the second quarter. Spark Investment Management LLC now owns 30,000 shares of the company’s stock worth $186,000 after buying an additional 19,700 shares during the period. Rhumbline Advisers acquired a new stake in Iteris during the second quarter worth about $136,000. Trexquant Investment LP acquired a new stake in Iteris during the second quarter worth about $205,000. CAPROCK Group Inc. acquired a new stake in Iteris during the second quarter worth about $227,000. Finally, Schwab Charles Investment Management Inc. acquired a new stake in Iteris during the second quarter worth about $257,000.

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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