Iteris (NASDAQ:ITI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday.

According to Zacks, “Iteris, Inc. is a leading provider of outdoor vision systems and sensors that optimize the flow of traffic and enhance driver safety. Iteris combines outdoor image processing, traffic engineering, and information technology to offer a broad range of transportation and safety solutions. “

A number of other brokerages have also commented on ITI. B. Riley cut their price objective on shares of Iteris from $9.00 to $8.00 and set a “buy” rating for the company in a research report on Monday, November 5th. ValuEngine raised shares of Iteris from a “hold” rating to a “buy” rating in a research report on Tuesday, October 2nd. TheStreet lowered shares of Iteris from a “c-” rating to a “d+” rating in a research report on Tuesday, December 4th. Finally, Northland Securities set a $8.00 price objective on shares of Iteris and gave the company a “buy” rating in a research report on Thursday, December 20th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Iteris has an average rating of “Buy” and an average target price of $6.75.

Iteris stock opened at $3.85 on Wednesday. The firm has a market cap of $127.02 million, a price-to-earnings ratio of -96.25 and a beta of 0.52. Iteris has a fifty-two week low of $3.24 and a fifty-two week high of $6.92.

Iteris (NASDAQ:ITI) last released its earnings results on Tuesday, November 6th. The technology company reported ($0.01) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.02. The firm had revenue of $24.42 million during the quarter, compared to analyst estimates of $25.29 million. Iteris had a negative net margin of 4.93% and a negative return on equity of 8.76%. Equities analysts expect that Iteris will post -0.11 earnings per share for the current year.

A number of large investors have recently bought and sold shares of the stock. Rhumbline Advisers raised its position in Iteris by 52.6% in the fourth quarter. Rhumbline Advisers now owns 32,671 shares of the technology company’s stock worth $122,000 after purchasing an additional 11,258 shares in the last quarter. Cowen Prime Services LLC raised its position in Iteris by 27.2% in the fourth quarter. Cowen Prime Services LLC now owns 1,161,390 shares of the technology company’s stock worth $4,332,000 after purchasing an additional 248,198 shares in the last quarter. Royce & Associates LP raised its position in Iteris by 9.1% in the third quarter. Royce & Associates LP now owns 1,204,000 shares of the technology company’s stock worth $6,478,000 after purchasing an additional 100,000 shares in the last quarter. Ancora Advisors LLC raised its position in Iteris by 16.3% in the third quarter. Ancora Advisors LLC now owns 177,041 shares of the technology company’s stock worth $953,000 after purchasing an additional 24,867 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Iteris by 25.5% in the third quarter. Dimensional Fund Advisors LP now owns 204,016 shares of the technology company’s stock worth $1,098,000 after purchasing an additional 41,395 shares in the last quarter. 34.28% of the stock is 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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