Northland Securities Analysts Give Iteris, Inc. (ITI) a $9.00 Price Target
A number of other equities research analysts have also weighed in on ITI. Zacks Investment Research lowered shares of Iteris from a buy rating to a hold rating in a report on Friday, September 15th. B. Riley reaffirmed a buy rating and set a $9.00 price target on shares of Iteris in a report on Friday, August 4th. Finally, Dougherty & Co reissued a buy rating on shares of Iteris in a report on Thursday, August 17th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $8.31.
Iteris (NASDAQ ITI) traded up $0.29 during trading hours on Monday, reaching $5.67. 170,100 shares of the company’s stock were exchanged, compared to its average volume of 147,642. Iteris has a 12 month low of $3.20 and a 12 month high of $8.17.
In related news, insider Todd Kreter sold 40,000 shares of Iteris stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $6.19, for a total value of $247,600.00. Following the sale, the insider now directly owns 43,303 shares in the company, valued at approximately $268,045.57. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Global Investors Fundamental sold 110,912 shares of Iteris stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $6.12, for a total transaction of $678,781.44. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 481,051 shares of company stock worth $2,990,259. Insiders own 4.30% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. SG Americas Securities LLC bought a new stake in shares of Iteris during the 3rd quarter worth about $120,000. Wells Fargo & Company MN raised its position in shares of Iteris by 1,730.8% during the 3rd 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 in the last quarter. Rhumbline Advisers bought a new stake in shares of Iteris during the 2nd quarter worth about $136,000. The Manufacturers Life Insurance Company bought a new stake in shares of Iteris during the 2nd quarter worth about $137,000. Finally, New York State Common Retirement Fund bought a new stake in shares of Iteris during the 2nd quarter worth about $156,000. Hedge funds and other institutional investors own 32.56% of the company’s stock.
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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