Neil S. Subin Sells 99,141 Shares of Iteris Inc (ITI) Stock

Iteris Inc (NASDAQ:ITI) major shareholder Neil S. Subin sold 99,141 shares of Iteris stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $7.54, for a total transaction of $747,523.14. The sale was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Iteris Inc (ITI) traded up $0.03 during trading hours on Friday, reaching $7.49. 172,417 shares of the company’s stock were exchanged, compared to its average volume of 307,385. The company has a market cap of $248.85, a price-to-earnings ratio of -41.61 and a beta of -0.46. Iteris Inc has a 1-year low of $4.40 and a 1-year high of $8.17.

Iteris (NASDAQ:ITI) last released its quarterly earnings data on Tuesday, November 7th. The technology company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.02). Iteris had a negative net margin of 6.18% and a negative return on equity of 10.73%. analysts predict that Iteris Inc will post -0.11 EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the business. GSA Capital Partners LLP bought a new stake in Iteris during the 3rd quarter valued at about $116,000. SG Americas Securities LLC bought a new stake in Iteris during the 3rd quarter valued at about $120,000. Wells Fargo & Company MN increased its stake 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 valued at $122,000 after purchasing an additional 17,308 shares in the last quarter. Rhumbline Advisers bought a new stake in shares of Iteris in the second quarter worth approximately $136,000. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Iteris in the second quarter worth approximately $137,000. Institutional investors and hedge funds own 33.34% of the company’s stock.

A number of brokerages recently issued reports on ITI. B. Riley restated a “buy” rating and set a $9.00 price objective on shares of Iteris in a research note on Wednesday, November 8th. Zacks Investment Research upgraded shares of Iteris from a “hold” rating to a “buy” rating and set a $7.25 price objective for the company in a research note on Tuesday, September 26th. Finally, Northland Securities set a $9.00 price objective on shares of Iteris and gave the company a “buy” rating in a research note on Monday, November 13th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. Iteris has an average rating of “Buy” and a consensus target price of $8.31.

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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.

Insider Buying and Selling by Quarter for Iteris (NASDAQ:ITI)

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