Iteris (ITI) Upgraded to “Hold” by Zacks Investment Research

Zacks Investment Research upgraded shares of Iteris (NASDAQ:ITI) from a sell rating to a hold rating in a report released on Tuesday morning.

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. “

Other analysts also recently issued research reports about the company. Dougherty & Co reissued a buy rating on shares of Iteris in a research note on Thursday, August 17th. B. Riley reissued a buy rating and set a $9.00 target price on shares of Iteris in a research note on Monday, August 14th. Finally, Northland Securities set a $9.00 target price on Iteris and gave the company a buy rating in a research note on Monday, November 13th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of Buy and an average target price of $8.31.

Iteris (ITI) opened at $6.19 on Tuesday. Iteris has a 12 month low of $3.24 and a 12 month high of $8.17.

In related news, Director Global Investors Fundamental sold 110,912 shares of the business’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $6.12, for a total transaction of $678,781.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Todd Kreter sold 40,000 shares of the business’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $6.19, for a total value of $247,600.00. Following the transaction, the insider now owns 43,303 shares of the company’s stock, valued at approximately $268,045.57. The disclosure for this sale can be found here. In the last quarter, insiders sold 420,205 shares of company stock valued at $2,625,620. Company insiders own 4.30% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. GSA Capital Partners LLP purchased a new position in Iteris during the 3rd quarter valued at $116,000. SG Americas Securities LLC bought a new stake in Iteris during the 3rd quarter valued at $120,000. Wells Fargo & Company MN raised its position in Iteris by 1,730.8% during the 3rd quarter. Wells Fargo & Company MN now owns 18,308 shares of the technology company’s stock valued at $122,000 after purchasing an additional 17,308 shares in the last quarter. Rhumbline Advisers bought a new stake in Iteris during the 2nd quarter valued at $136,000. Finally, The Manufacturers Life Insurance Company bought a new stake in Iteris during the 2nd quarter valued at $137,000. Institutional investors own 33.35% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This piece was posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this piece on another site, it was stolen and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this piece can be read at https://www.chaffeybreeze.com/2017/12/06/iteris-iti-upgraded-to-hold-by-zacks-investment-research.html.

Iteris Company Profile

Iteris, Inc is a provider of information solutions for both the traffic management and global agribusiness markets. The Company operates through three segments: Roadway Sensors, Transportation Systems and Performance Analytics. The Roadway Sensors segment provides various vehicle detection and information systems and products for traffic intersection control, incident detection and roadway traffic data collection applications.

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

Latest News

Leave a Reply