Iteris Inc (NASDAQ:ITI) insider Thomas N. Blair sold 18,750 shares of the firm’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $6.05, for a total value of $113,437.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Iteris Inc (NASDAQ:ITI) traded down $0.08 during midday trading on Thursday, reaching $5.69. The company’s stock had a trading volume of 22,659 shares, compared to its average volume of 271,722. Iteris Inc has a one year low of $4.84 and a one year high of $8.17.
Iteris (NASDAQ:ITI) last posted its earnings results on Wednesday, February 7th. The technology company reported ($0.03) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.01. Iteris had a negative return on equity of 10.05% and a negative net margin of 4.32%. The company had revenue of $26.03 million for the quarter, compared to analyst estimates of $23.28 million. equities research analysts anticipate that Iteris Inc will post -0.07 EPS for the current year.
Several equities analysts have weighed in on ITI shares. Zacks Investment Research lowered Iteris from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. B. Riley set a $9.00 target price on Iteris and gave the company a “buy” rating in a report on Thursday, January 11th. Finally, JMP Securities started coverage on Iteris in a report on Thursday, January 25th. They set an “outperform” rating and a $10.50 target price on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. Iteris currently has an average rating of “Buy” and an average target price of $8.75.
Several large investors have recently modified their holdings of ITI. Cowen Prime Services LLC grew its position in shares of Iteris by 180.7% in the third quarter. Cowen Prime Services LLC now owns 563,395 shares of the technology company’s stock valued at $3,747,000 after purchasing an additional 362,650 shares during the last quarter. State Street Corp acquired a new stake in shares of Iteris in the second quarter valued at about $1,606,000. Northern Trust Corp grew its position in shares of Iteris by 256.5% in the second quarter. Northern Trust Corp now owns 306,623 shares of the technology company’s stock valued at $1,907,000 after purchasing an additional 220,625 shares during the last quarter. B. Riley Financial Inc. acquired a new stake in shares of Iteris in the third quarter valued at about $1,371,000. Finally, Vanguard Group Inc. grew its position in shares of Iteris by 28.0% in the second quarter. Vanguard Group Inc. now owns 813,850 shares of the technology company’s stock valued at $5,062,000 after purchasing an additional 177,980 shares during the last quarter. 33.21% of the stock is currently owned by institutional investors.
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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