Iteris Inc (NASDAQ:ITI) major shareholder Neil S. Subin sold 52,830 shares of the company’s stock in a transaction that occurred on Wednesday, October 17th. The shares were sold at an average price of $4.42, for a total value of $233,508.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Iteris stock opened at $4.21 on Friday. Iteris Inc has a 12 month low of $4.09 and a 12 month high of $7.88. The company has a market capitalization of $146.43 million, a PE ratio of -105.25 and a beta of -0.07.

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

Several analysts have issued reports on the company. ValuEngine upgraded Iteris from a “hold” rating to a “buy” rating in a research note on Friday, June 29th. Dougherty & Co restated a “buy” rating on shares of Iteris in a research note on Tuesday, September 4th. Finally, Zacks Investment Research upgraded Iteris from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 9th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $8.63.

Institutional investors have recently bought and sold shares of the company. New York State Common Retirement Fund grew its position in shares of Iteris by 42.1% in the first quarter. New York State Common Retirement Fund now owns 35,659 shares of the technology company’s stock valued at $177,000 after purchasing an additional 10,559 shares during the last quarter. Private Management Group Inc. acquired a new position in shares of Iteris in the second quarter valued at approximately $517,000. Northern Trust Corp grew its position in shares of Iteris by 13.0% in the first quarter. Northern Trust Corp now owns 321,393 shares of the technology company’s stock valued at $1,595,000 after purchasing an additional 37,080 shares during the last quarter. Ardsley Advisory Partners grew its position in shares of Iteris by 120.1% in the second quarter. Ardsley Advisory Partners now owns 460,000 shares of the technology company’s stock valued at $2,226,000 after purchasing an additional 251,000 shares during the last quarter. Finally, Cowen Prime Services LLC grew its position in shares of Iteris by 3.2% in the second quarter. Cowen Prime Services LLC now owns 897,692 shares of the technology company’s stock valued at $4,345,000 after purchasing an additional 28,200 shares during the last quarter. 33.53% of the stock is currently owned by institutional investors.

Iteris Company Profile

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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