Iteris Inc (NASDAQ:ITI) has been given a consensus rating of “Buy” by the six brokerages that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $9.50.

A number of analysts have recently issued reports on ITI shares. B. Riley set a $9.00 price target on Iteris and gave the stock a “buy” rating in a research note on Friday, June 8th. ValuEngine raised Iteris from a “hold” rating to a “buy” rating in a research note on Tuesday, June 5th. Dougherty & Co reaffirmed a “buy” rating on shares of Iteris in a research note on Tuesday, September 4th. Finally, Zacks Investment Research raised Iteris from a “hold” rating to a “buy” rating and set a $6.00 price target on the stock in a research note on Wednesday, July 11th.

Shares of Iteris stock traded down $0.06 on Friday, reaching $5.01. The company’s stock had a trading volume of 64,400 shares, compared to its average volume of 190,545. The stock has a market capitalization of $167.01 million, a PE ratio of -125.00 and a beta of -0.07. Iteris has a 52-week low of $4.09 and a 52-week high of $8.17.

Iteris (NASDAQ:ITI) last posted its quarterly earnings data on Tuesday, August 7th. The technology company reported ($0.02) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.03. The business had revenue of $25.48 million during the quarter, compared to analysts’ expectations of $24.22 million. Iteris had a negative return on equity of 10.36% and a negative net margin of 4.54%. equities analysts forecast that Iteris will post -0.08 EPS for the current fiscal year.

Large investors have recently modified their holdings of the company. Private Management Group Inc. acquired a new position in Iteris during the second quarter worth $517,000. Ardsley Advisory Partners boosted its stake in Iteris by 120.1% during the second quarter. Ardsley Advisory Partners now owns 460,000 shares of the technology company’s stock worth $2,226,000 after buying an additional 251,000 shares during the last quarter. BlackRock Inc. boosted its stake in Iteris by 12.0% during the second quarter. BlackRock Inc. now owns 1,950,422 shares of the technology company’s stock worth $9,440,000 after buying an additional 208,926 shares during the last quarter. Cowen Prime Services LLC boosted its stake in Iteris by 3.2% during the second quarter. Cowen Prime Services LLC now owns 897,692 shares of the technology company’s stock worth $4,345,000 after buying an additional 28,200 shares during the last quarter. Finally, Royce & Associates LP boosted its stake in Iteris by 58.4% during the second quarter. Royce & Associates LP now owns 1,104,000 shares of the technology company’s stock worth $5,343,000 after buying an additional 407,000 shares during the last quarter. 33.53% of the stock is currently owned by hedge funds and other institutional investors.

About Iteris

Iteris, Inc provides intelligent transportation systems technology solutions worldwide. The company's Roadway Sensors segment provides vehicle detection sensors and systems for traffic intersection management, communication systems, and roadway traffic data collection applications. Its products include Vantage detection system to detect vehicle presence at intersections, as well as vehicle count, speed, and other traffic data; Vantage Vector video/radar hybrid product, an vehicle detection sensor; and VantageLive!, a cloud-based platform; and Vantage systems equipped with smartcycle capability to differentiate between bicycles and other vehicles with a single video detection camera.

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