William M. Cousins Sells 2,804 Shares of Iteris, Inc. (NASDAQ:ITI) Stock

Iteris, Inc. (NASDAQ:ITI) SVP William M. Cousins sold 2,804 shares of Iteris stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $4.91, for a total value of $13,767.64. Following the sale, the senior vice president now directly owns 6,571 shares of the company’s stock, valued at approximately $32,263.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Iteris Trading Up 3.0 %

ITI opened at $4.48 on Friday. Iteris, Inc. has a 1 year low of $3.72 and a 1 year high of $5.49. The stock has a fifty day moving average price of $4.84 and a 200 day moving average price of $4.70. The stock has a market cap of $192.24 million, a price-to-earnings ratio of 74.67 and a beta of 0.67.

Iteris (NASDAQ:ITI) last announced its quarterly earnings results on Thursday, February 8th. The technology company reported $0.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.01. Iteris had a return on equity of 3.76% and a net margin of 1.45%. The company had revenue of $42.13 million during the quarter, compared to analysts’ expectations of $41.39 million. As a group, sell-side analysts forecast that Iteris, Inc. will post 0.1 earnings per share for the current fiscal year.

Institutional Trading of Iteris

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Acuitas Investments LLC lifted its position in shares of Iteris by 0.6% in the third quarter. Acuitas Investments LLC now owns 552,651 shares of the technology company’s stock worth $2,288,000 after buying an additional 3,442 shares during the last quarter. First Eagle Investment Management LLC lifted its position in shares of Iteris by 4.9% in the fourth quarter. First Eagle Investment Management LLC now owns 478,069 shares of the technology company’s stock worth $2,486,000 after buying an additional 22,289 shares during the last quarter. Bouvel Investment Partners LLC lifted its position in shares of Iteris by 2.3% during the 1st quarter. Bouvel Investment Partners LLC now owns 301,740 shares of the technology company’s stock worth $1,491,000 after purchasing an additional 6,850 shares during the last quarter. Worth Venture Partners LLC lifted its position in shares of Iteris by 19.1% during the 3rd quarter. Worth Venture Partners LLC now owns 282,266 shares of the technology company’s stock worth $1,169,000 after purchasing an additional 45,244 shares during the last quarter. Finally, TIAA Trust National Association acquired a new position in shares of Iteris during the 3rd quarter worth about $1,032,000. Institutional investors and hedge funds own 51.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ITI. B. Riley lifted their price objective on Iteris from $6.00 to $8.50 and gave the company a “buy” rating in a research report on Friday, February 9th. StockNews.com cut Iteris from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 19th.

Iteris Company Profile

Iteris, Inc provides intelligent transportation systems technology solutions in North America, Europe, South America, and Asia. The company offers smart mobility infrastructure solutions include traveler information systems, transportation performance measurement software, traffic analytics software, transportation operations software, transportation-related data sets, advanced sensing devices, managed services, traffic engineering services, and mobility consulting services.