Iteris Inc (NASDAQ:ITI) insider Thomas N. Blair sold 18,750 shares of the firm’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $6.05, for a total value of $113,437.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of ITI stock traded up $0.11 during mid-day trading on Wednesday, reaching $5.77. The company had a trading volume of 22,334 shares, compared to its average volume of 264,973. Iteris Inc has a 1 year low of $4.88 and a 1 year high of $8.17.
Iteris (NASDAQ:ITI) last issued its earnings results on Wednesday, February 7th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, topping 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 firm had revenue of $26.03 million for the quarter, compared to analysts’ expectations of $23.28 million. analysts anticipate that Iteris Inc will post -0.06 EPS for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of the business. TIAA FSB boosted its holdings in Iteris by 8.6% during the fourth quarter. TIAA FSB now owns 103,359 shares of the technology company’s stock worth $720,000 after buying an additional 8,146 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Iteris by 120.3% during the fourth quarter. The Manufacturers Life Insurance Company now owns 20,942 shares of the technology company’s stock worth $146,000 after buying an additional 11,438 shares during the last quarter. Wells Fargo & Company MN boosted its holdings 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 buying an additional 17,308 shares during the last quarter. GSA Capital Partners LLP bought a new position in Iteris during the third quarter worth about $116,000. Finally, SG Americas Securities LLC bought a new position in Iteris during the third quarter worth about $120,000. Hedge funds and other institutional investors own 33.21% of the company’s stock.
A number of analysts recently commented on ITI shares. Zacks Investment Research upgraded Iteris from a “sell” rating to a “hold” rating in a research report on Tuesday, December 5th. B. Riley set a $9.00 price objective on Iteris and gave the stock a “buy” rating in a research report on Thursday, January 11th. Finally, JMP Securities started coverage on Iteris in a research report on Thursday, January 25th. They issued an “outperform” rating and a $10.50 price objective for the company. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $8.75.
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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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