Iteris, Inc. (NASDAQ:ITI) CEO J. Joseph Bergera Sells 2,101 Shares of Stock

Iteris, Inc. (NASDAQ:ITI) CEO J. Joseph Bergera sold 2,101 shares of Iteris stock in a transaction on Monday, June 7th. The stock was sold at an average price of $7.00, for a total transaction of $14,707.00. Following the sale, the chief executive officer now directly owns 72,733 shares in the company, valued at approximately $509,131. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

J. Joseph Bergera also recently made the following trade(s):

  • On Friday, June 4th, J. Joseph Bergera sold 36,004 shares of Iteris stock. The stock was sold at an average price of $7.04, for a total transaction of $253,468.16.

NASDAQ ITI opened at $6.50 on Friday. Iteris, Inc. has a 52 week low of $3.71 and a 52 week high of $7.81. The business’s fifty day moving average is $6.72. The stock has a market cap of $270.67 million, a price-to-earnings ratio of 27.08, a PEG ratio of 4.78 and a beta of 1.43.

Iteris (NASDAQ:ITI) last posted its quarterly earnings results on Tuesday, June 1st. The technology company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.02). Iteris had a return on equity of 0.64% and a net margin of 8.65%. As a group, equities analysts predict that Iteris, Inc. will post 0.09 earnings per share for the current year.

Several equities research analysts have issued reports on the stock. Zacks Investment Research cut shares of Iteris from a “hold” rating to a “sell” rating in a research note on Thursday, June 3rd. Northland Securities reiterated a “buy” rating and set a $10.00 price target on shares of Iteris in a report on Wednesday, June 2nd. One equities research analyst has rated the stock with a sell rating and three have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $8.56.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. UBS Group AG raised its holdings in Iteris by 29.0% in the 1st quarter. UBS Group AG now owns 7,955 shares of the technology company’s stock valued at $49,000 after buying an additional 1,787 shares during the period. Nuveen Asset Management LLC raised its holdings in Iteris by 1.1% in the 4th quarter. Nuveen Asset Management LLC now owns 168,882 shares of the technology company’s stock valued at $954,000 after buying an additional 1,850 shares during the period. Rhumbline Advisers raised its holdings in Iteris by 7.9% in the 4th quarter. Rhumbline Advisers now owns 40,842 shares of the technology company’s stock valued at $231,000 after buying an additional 3,000 shares during the period. V Wealth Advisors LLC raised its holdings in Iteris by 44.1% in the 1st quarter. V Wealth Advisors LLC now owns 14,700 shares of the technology company’s stock valued at $91,000 after buying an additional 4,500 shares during the period. Finally, Citigroup Inc. raised its holdings in Iteris by 238.2% in the 4th quarter. Citigroup Inc. now owns 8,216 shares of the technology company’s stock valued at $46,000 after buying an additional 5,787 shares during the period. Hedge funds and other institutional investors own 59.35% of the company’s stock.

About Iteris

Iteris, Inc provides intelligent transportation systems technology solutions in Canada and Europe. It operates through Roadway Sensors and Transportation Systems segments. The Roadway Sensors segment offers sensors and systems for traffic intersection management, communication systems, and roadway traffic data collection applications.

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