Thomas N. Blair Sells 31,250 Shares of Iteris Inc (ITI) Stock
Iteris Inc (NASDAQ:ITI) insider Thomas N. Blair sold 31,250 shares of the business’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $6.88, for a total value of $215,000.00. Following the completion of the transaction, the insider now owns 12,500 shares of the company’s stock, valued at $86,000. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of Iteris Inc (NASDAQ:ITI) traded up $0.29 during trading on Wednesday, reaching $7.13. 255,575 shares of the company were exchanged, compared to its average volume of 153,518. Iteris Inc has a 12-month low of $3.52 and a 12-month high of $8.17.
A number of analysts have recently commented on ITI shares. Zacks Investment Research upgraded Iteris from a “hold” rating to a “buy” rating and set a $6.75 price objective for the company in a report on Tuesday, August 29th. B. Riley restated a “buy” rating and set a $9.00 price objective on shares of Iteris in a report on Wednesday, November 8th. Finally, Northland Securities set a $9.00 price objective on Iteris and gave the stock a “buy” rating in a report on Monday, November 13th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Iteris presently has a consensus rating of “Buy” and an average target price of $8.31.
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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