Itron (NASDAQ:ITRI) Coverage Initiated by Analysts at Needham & Company LLC

Needham & Company LLC assumed coverage on shares of Itron (NASDAQ:ITRI) in a report issued on Friday, Marketbeat reports. The firm issued a buy rating and a $124.00 price objective on the scientific and technical instruments company’s stock.

Several other equities analysts also recently commented on the stock. Wall Street Zen downgraded shares of Itron from a “buy” rating to a “hold” rating in a report on Wednesday, January 14th. Zacks Research raised shares of Itron from a “strong sell” rating to a “hold” rating in a report on Thursday, February 26th. Oppenheimer raised their price objective on shares of Itron from $125.00 to $133.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 18th. Guggenheim set a $155.00 target price on Itron in a research report on Friday, February 13th. Finally, Robert W. Baird set a $128.00 target price on Itron and gave the stock an “outperform” rating in a research note on Wednesday, February 18th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $137.10.

Itron Stock Performance

NASDAQ:ITRI traded up $0.03 on Friday, hitting $91.25. The company’s stock had a trading volume of 1,181,848 shares, compared to its average volume of 1,472,804. Itron has a one year low of $88.57 and a one year high of $142.00. The firm has a market capitalization of $4.10 billion, a P/E ratio of 14.02, a price-to-earnings-growth ratio of 0.79 and a beta of 1.44. The stock has a fifty day moving average of $97.48 and a two-hundred day moving average of $107.96. The company has a current ratio of 1.80, a quick ratio of 1.56 and a debt-to-equity ratio of 0.45.

Itron (NASDAQ:ITRI) last issued its earnings results on Tuesday, February 17th. The scientific and technical instruments company reported $2.46 EPS for the quarter, topping the consensus estimate of $2.19 by $0.27. Itron had a return on equity of 20.04% and a net margin of 12.72%.The company had revenue of $571.66 million during the quarter, compared to the consensus estimate of $561.31 million. During the same period in the previous year, the company posted $1.35 EPS. The firm’s revenue for the quarter was down 6.7% compared to the same quarter last year. Itron has set its Q1 2026 guidance at 1.200-1.300 EPS and its FY 2026 guidance at 5.750-6.250 EPS. Research analysts predict that Itron will post 5.33 earnings per share for the current year.

Insider Buying and Selling

In other news, CAO David Marshall Wright sold 264 shares of Itron stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $100.17, for a total value of $26,444.88. Following the completion of the sale, the chief accounting officer directly owned 9,124 shares in the company, valued at approximately $913,951.08. The trade was a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Donald L. Reeves III sold 519 shares of the stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $97.84, for a total value of $50,778.96. Following the sale, the senior vice president directly owned 29,951 shares in the company, valued at $2,930,405.84. This represents a 1.70% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 51,180 shares of company stock valued at $5,085,475 in the last quarter. Corporate insiders own 1.45% of the company’s stock.

Institutional Investors Weigh In On Itron

A number of large investors have recently bought and sold shares of the company. Pacer Advisors Inc. bought a new position in Itron in the 4th quarter valued at about $12,864,000. Mercer Global Advisors Inc. ADV raised its position in shares of Itron by 18.8% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 2,787 shares of the scientific and technical instruments company’s stock valued at $259,000 after buying an additional 441 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Itron during the 4th quarter worth approximately $1,032,000. Voloridge Investment Management LLC boosted its position in shares of Itron by 164.1% during the 4th quarter. Voloridge Investment Management LLC now owns 197,536 shares of the scientific and technical instruments company’s stock worth $18,343,000 after acquiring an additional 122,733 shares in the last quarter. Finally, Symmetry Investments LP bought a new position in Itron in the fourth quarter valued at approximately $3,334,000. 96.19% of the stock is currently owned by institutional investors and hedge funds.

About Itron

Itron, Inc (NASDAQ: ITRI) is a global technology company that develops innovative solutions to measure, manage and analyze the use of energy and water. Its comprehensive portfolio includes smart meters, data collection devices, communication networks and advanced software applications designed to optimize utility operations and foster sustainable resource management. The company’s offerings enable utilities and cities to accurately monitor consumption patterns, streamline billing processes and improve grid reliability.

Itron’s product lineup spans a range of hardware and software solutions, from residential and commercial smart meters to meter data management systems (MDMS), networked communication platforms and analytics tools.