Iteris, Inc. (NASDAQ:ITI) has been given an average recommendation of “Buy” by the six brokerages that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $8.00.

Several equities analysts recently issued reports on ITI shares. ValuEngine lowered shares of Iteris from a “hold” rating to a “sell” rating in a report on Thursday, May 11th. B. Riley restated a “buy” rating on shares of Iteris in a report on Friday, June 9th. Finally, Dougherty & Co started coverage on shares of Iteris in a report on Tuesday, July 18th. They issued a “buy” rating and a $8.00 target price on the stock.

Iteris (NASDAQ:ITI) traded up 0.50% during trading on Friday, reaching $6.00. The company’s stock had a trading volume of 166,908 shares. Iteris has a 12 month low of $3.19 and a 12 month high of $6.91. The stock’s 50-day moving average is $6.33 and its 200 day moving average is $5.61. The company’s market cap is $195.40 million.

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A hedge fund recently raised its stake in Iteris stock. Renaissance Technologies LLC increased its stake in shares of Iteris, Inc. (NASDAQ:ITI) by 8.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 649,100 shares of the technology company’s stock after buying an additional 48,900 shares during the period. Renaissance Technologies LLC owned approximately 2.02% of Iteris worth $2,363,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 26.59% of the company’s stock.

About Iteris

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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