Iteris Inc (NASDAQ:ITI) has received a consensus recommendation of “Buy” from the six brokerages that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $9.50.
Several equities analysts recently issued reports on the company. B. Riley set a $9.00 price target on Iteris and gave the company a “buy” rating in a report on Thursday, January 11th. Zacks Investment Research cut Iteris from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. Northland Securities set a $9.00 price target on Iteris and gave the company a “buy” rating in a report on Monday, November 13th. Finally, JMP Securities assumed coverage on Iteris in a report on Thursday, January 25th. They issued an “outperform” rating and a $10.50 price target on the stock.
In other Iteris news, major shareholder Neil S. Subin sold 113,523 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $6.07, for a total transaction of $689,084.61. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, 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 value of $228,750.00. Following the transaction, the insider now owns 40,803 shares in the company, valued at approximately $248,898.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 281,414 shares of company stock worth $1,880,358. 4.30% of the stock is owned by company insiders.
Shares of Iteris (ITI) traded down $0.11 during trading hours on Friday, hitting $5.57. The stock had a trading volume of 139,469 shares, compared to its average volume of 302,921. Iteris has a 52 week low of $4.66 and a 52 week high of $8.17. The firm has a market capitalization of $194.14, a price-to-earnings ratio of -42.85 and a beta of -0.45.
Iteris (NASDAQ:ITI) last announced its earnings results on Wednesday, February 7th. The technology company reported ($0.03) earnings per share for the quarter, beating the Zacks’ 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 during the quarter, compared to analyst estimates of $23.28 million. sell-side analysts forecast that Iteris will post -0.07 EPS for the current fiscal year.
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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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