Iteris, Inc. (NASDAQ:ITI) has been given a consensus recommendation of “Buy” by the six research firms that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $9.50.

A number of research analysts have weighed in on the stock. B. Riley set a $9.00 price objective on shares of Iteris and gave the company a “buy” rating in a research report on Saturday. Zacks Investment Research upgraded shares of Iteris from a “sell” rating to a “hold” rating in a research report on Wednesday, April 11th. Finally, JMP Securities assumed coverage on shares of Iteris in a research report on Thursday, January 25th. They set an “outperform” rating and a $10.50 price objective on the stock.

How to Become a New Pot Stock Millionaire

Shares of ITI opened at $5.10 on Friday. Iteris has a fifty-two week low of $4.09 and a fifty-two week high of $8.17. The firm has a market capitalization of $161.07, a P/E ratio of -63.75 and a beta of -0.12.

Iteris (NASDAQ:ITI) last announced its quarterly earnings results on Wednesday, February 7th. The technology company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.01. Iteris had a negative net margin of 4.32% and a negative return on equity of 10.05%. The company had revenue of $26.03 million for the quarter, compared to analysts’ expectations of $23.28 million. analysts forecast that Iteris will post -0.11 EPS for the current fiscal year.

In other news, major shareholder Neil S. Subin sold 113,523 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $6.07, for a total value of $689,084.61. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Neil S. Subin sold 99,141 shares of the company’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $7.54, for a total transaction of $747,523.14. The disclosure for this sale can be found here. Insiders have sold 231,414 shares of company stock worth $1,550,045 in the last quarter. Company insiders own 4.30% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. GSA Capital Partners LLP bought a new position in shares of Iteris in the third quarter worth about $116,000. SG Americas Securities LLC bought a new position in shares of Iteris in the third quarter worth about $120,000. Wells Fargo & Company MN grew its holdings in shares of Iteris by 1,730.8% in the third quarter. Wells Fargo & Company MN now owns 18,308 shares of the technology company’s stock worth $122,000 after purchasing an additional 17,308 shares during the last quarter. The Manufacturers Life Insurance Company bought a new position in shares of Iteris in the second quarter worth about $137,000. Finally, California State Teachers Retirement System bought a new position in shares of Iteris in the second quarter worth about $260,000. Hedge funds and other institutional investors own 33.21% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This news story was originally published by Daily Political and is the property of of Daily Political. If you are reading this news story on another domain, it was stolen and republished in violation of US & international trademark and copyright laws. The correct version of this news story can be accessed at https://www.dailypolitical.com/2018/04/17/iteris-inc-iti-receives-9-50-consensus-pt-from-brokerages.html.

About Iteris

Iteris, Inc provides intelligent information solutions to traffic management and global agribusiness markets worldwide. It operates in three segments: Roadway Sensors, Transportation Systems, and Agriculture and Weather Analytics. The Roadway Sensors segment provides vehicle detection and information systems and products for traffic intersection control, incident detection, and roadway traffic data collection applications.

Receive News & Ratings for Iteris Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Iteris and related companies with MarketBeat.com's FREE daily email newsletter.