Shares of Iteris Inc (NYSE:ITI) have been given a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that cover the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating.
Brokers have set a 12-month consensus price target of $8.25 for the company and are forecasting that the company will post ($0.01) EPS for the current quarter, according to Zacks. Zacks has also given Iteris an industry rank of 241 out of 265 based on the ratings given to its competitors.
Several research firms recently issued reports on ITI. Northland Securities set a $8.00 price target on Iteris and gave the company a “buy” rating in a research report on Friday. B. Riley reissued a “buy” rating and set a $9.00 price target on shares of Iteris in a research report on Friday. Dougherty & Co began coverage on Iteris in a research report on Tuesday, July 18th. They set a “buy” rating and a $8.00 price target on the stock. Finally, Zacks Investment Research lowered Iteris from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th.
In related news, Director Global Investors Fundamental sold 320,500 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $5.50, for a total transaction of $1,762,750.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Lloyd I. Miller III sold 28,226 shares of the company’s stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $6.50, for a total value of $183,469.00. Following the sale, the insider now directly owns 42,743 shares in the company, valued at $277,829.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 733,944 shares of company stock worth $4,061,066.
Several large investors have recently bought and sold shares of ITI. Cowen Prime Services LLC purchased a new stake in Iteris during the second quarter valued at about $1,249,000. Royce & Associates LP raised its stake in Iteris by 39.9% in the second quarter. Royce & Associates LP now owns 526,000 shares of the company’s stock valued at $3,272,000 after buying an additional 150,000 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Iteris by 309.9% in the second quarter. Bank of New York Mellon Corp now owns 66,328 shares of the company’s stock valued at $413,000 after buying an additional 50,145 shares in the last quarter. Rhumbline Advisers purchased a new stake in Iteris during the second quarter valued at about $136,000. Finally, Schwab Charles Investment Management Inc. purchased a new stake in Iteris during the second quarter valued at about $257,000.
Shares of Iteris (ITI) traded down 1.22% during trading on Friday, hitting $6.49. 216,640 shares of the stock were exchanged. The stock’s market cap is $210.88 million. The stock’s 50 day moving average price is $6.18 and its 200 day moving average price is $5.53. Iteris has a one year low of $3.03 and a one year high of $6.91.
Iteris (NYSE:ITI) last announced its earnings results on Monday, August 7th. The company reported ($0.02) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.02). Iteris had a negative return on equity of 33.30% and a negative net margin of 13.64%. The company had revenue of $27.18 million for the quarter, compared to analyst estimates of $26.31 million. Equities research analysts predict that Iteris will post ($0.03) EPS for the current year.
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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