Shares of Iteris Inc (NYSE:ITI) have received an average broker rating score of 1.33 (Strong Buy) from the three analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. Iteris’ rating score has declined by 33% in the last 90 days as a result of a number of analysts’ ratings changes.

Brokers have set a 12-month consensus target price of $8.50 for the company and are forecasting that the company will post ($0.01) earnings per share for the current quarter, according to Zacks. Zacks has also given Iteris an industry rank of 215 out of 265 based on the ratings given to its competitors.

Several equities research analysts have recently weighed in on the stock. B. Riley reaffirmed a “buy” rating and issued a $9.00 price target on shares of Iteris in a research report on Wednesday, August 9th. Northland Securities set a $8.00 price objective on shares of Iteris and gave the stock a “buy” rating in a research note on Friday, August 4th. Dougherty & Co began coverage on shares of Iteris in a research note on Tuesday, July 18th. They set a “buy” rating and a $8.00 price target on the stock. Finally, Zacks Investment Research upgraded shares of Iteris from a “hold” rating to a “buy” rating and set a $6.75 price target on the stock in a research note on Tuesday, August 29th.

Iteris (NYSE:ITI) last released its quarterly earnings data on Monday, August 7th. The company reported ($0.02) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.02). The company had revenue of $27.18 million during the quarter, compared to analysts’ expectations of $26.31 million. Iteris had a negative net margin of 2.05% and a negative return on equity of 5.53%.

In related news, Director Global Investors Fundamental sold 110,912 shares of the firm’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $6.12, for a total transaction of $678,781.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thomas N. Blair sold 43,750 shares of the firm’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $5.99, for a total transaction of $262,062.50. Following the sale, the insider now owns 25,000 shares of the company’s stock, valued at $149,750. The disclosure for this sale can be found here. Insiders sold 481,051 shares of company stock valued at $2,990,259 over the last quarter.

Institutional investors and hedge funds have recently made changes to their positions in the business. Strs Ohio acquired a new stake in shares of Iteris during the second quarter valued at about $396,000. King Luther Capital Management Corp lifted its stake in Iteris by 27.0% in the second quarter. King Luther Capital Management Corp now owns 206,900 shares of the company’s stock worth $1,287,000 after acquiring an additional 44,033 shares during the last quarter. Royce & Associates LP lifted its stake in Iteris by 39.9% in the second quarter. Royce & Associates LP now owns 526,000 shares of the company’s stock worth $3,272,000 after acquiring an additional 150,000 shares during the last quarter. Essex Investment Management Co. LLC purchased a new position in Iteris in the second quarter worth approximately $724,000. Finally, Trexquant Investment LP purchased a new position in Iteris in the second quarter worth approximately $205,000.

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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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