Iteris Inc (NASDAQ:ITI) – Research analysts at B. Riley boosted their FY2018 earnings estimates for Iteris in a research report issued on Thursday. B. Riley analyst J. Van. Sinderen now expects that the technology company will post earnings per share of ($0.08) for the year, up from their previous estimate of ($0.12). B. Riley currently has a “Buy” rating and a $9.00 target price on the stock. B. Riley also issued estimates for Iteris’ Q4 2018 earnings at ($0.03) EPS, FY2019 earnings at ($0.12) EPS and FY2020 earnings at $0.17 EPS.
ITI has been the subject of several other reports. JMP Securities began coverage on Iteris in a research report on Thursday, January 25th. They issued an “outperform” rating and a $10.50 target price for the company. Zacks Investment Research downgraded Iteris from a “hold” rating to a “sell” rating in a research report on Wednesday, February 7th. Finally, Northland Securities set a $9.00 target price on Iteris and gave the company a “buy” rating in a research report on Monday, November 13th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $8.75.
In other news, insider Todd Kreter sold 37,500 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $6.10, for a total transaction of $228,750.00. Following the completion of the transaction, the insider now directly owns 40,803 shares in the company, valued at $248,898.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Thomas N. Blair sold 31,250 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $6.88, for a total value of $215,000.00. Following the transaction, the insider now owns 12,500 shares of the company’s stock, valued at $86,000. The disclosure for this sale can be found here. Insiders have sold 167,891 shares of company stock valued at $1,191,273 over the last 90 days. 4.30% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. GSA Capital Partners LLP bought a new position in shares of Iteris during the third quarter worth about $116,000. SG Americas Securities LLC acquired a new stake in Iteris during the third quarter worth approximately $120,000. Wells Fargo & Company MN grew its stake in Iteris by 1,730.8% during the third quarter. Wells Fargo & Company MN now owns 18,308 shares of the technology company’s stock worth $122,000 after purchasing an additional 17,308 shares during the period. Rhumbline Advisers acquired a new stake in Iteris during the second quarter worth approximately $136,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in Iteris during the second quarter worth approximately $137,000. Institutional investors own 33.62% of the company’s stock.
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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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