Iteris Inc (ITI) Given Consensus Recommendation of “Buy” by Brokerages

Iteris Inc (NASDAQ:ITI) has been given an average rating of “Buy” by the six ratings firms that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $9.00.

A number of equities analysts have recently commented on the stock. Zacks Investment Research lowered shares of Iteris from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. Northland Securities set a $9.00 price target on shares of Iteris and gave the company a “buy” rating in a research report on Monday, November 13th. Finally, B. Riley reissued a “buy” rating and issued a $9.00 price target on shares of Iteris in a research report on Wednesday, November 8th.

Shares of Iteris (NASDAQ ITI) opened at $7.06 on Thursday. The stock has a market cap of $235.08, a P/E ratio of -35.30 and a beta of -0.46. Iteris has a one year low of $3.52 and a one year high of $8.17.

In other Iteris news, 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 sale, the insider now owns 12,500 shares of the company’s stock, valued at approximately $86,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Todd Kreter sold 37,500 shares of the business’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $6.10, for a total transaction of $228,750.00. Following the completion of the sale, the insider now directly owns 40,803 shares in the company, valued at approximately $248,898.30. The disclosure for this sale can be found here. Insiders own 4.30% of the company’s stock.

Large investors have recently modified their holdings of the company. GSA Capital Partners LLP acquired a new position in Iteris during the 3rd quarter worth about $116,000. B. Riley Financial Inc. acquired a new position in Iteris during the 3rd quarter worth about $1,371,000. Emancipation Management LLC lifted its position in Iteris by 15.8% during the 3rd quarter. Emancipation Management LLC now owns 199,201 shares of the technology company’s stock worth $1,325,000 after buying an additional 27,151 shares in the last quarter. Wells Fargo & Company MN lifted its position in Iteris by 1,730.8% during the 3rd quarter. Wells Fargo & Company MN now owns 18,308 shares of the technology company’s stock worth $122,000 after buying an additional 17,308 shares in the last quarter. Finally, Cowen Prime Services LLC lifted its position in Iteris by 180.7% during the 3rd quarter. Cowen Prime Services LLC now owns 563,395 shares of the technology company’s stock worth $3,747,000 after buying an additional 362,650 shares in the last quarter. Institutional investors own 33.35% of the company’s stock.

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About Iteris

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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