Iteris (NASDAQ:ITI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.
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 research analysts also recently issued reports about the company. Northland Securities set a $9.00 target price on Iteris and gave the stock a “buy” rating in a research note on Monday, November 13th. B. Riley reissued a “buy” rating and issued a $9.00 price objective on shares of Iteris in a research note on Wednesday, November 8th. Finally, Dougherty & Co reissued a “buy” rating on shares of Iteris in a research note on Thursday, August 17th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Iteris currently has an average rating of “Buy” and a consensus target price of $8.31.
In related news, Director Global Investors Fundamental sold 110,912 shares of the stock in a transaction on Friday, September 15th. The stock was sold at an average price of $6.12, for a total value of $678,781.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Todd Kreter sold 40,000 shares of the company’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 completion of the sale, the insider now owns 43,303 shares of the company’s stock, valued at $268,045.57. The disclosure for this sale can be found here. Over the last three months, insiders sold 420,205 shares of company stock valued at $2,625,620. 4.30% of the stock is owned by corporate insiders.
Large investors have recently modified their holdings of the business. GSA Capital Partners LLP purchased a new stake in Iteris in the 3rd quarter valued at $116,000. SG Americas Securities LLC purchased a new stake in Iteris in the 3rd quarter valued at $120,000. Wells Fargo & Company MN grew its holdings in Iteris by 1,730.8% in the 3rd quarter. Wells Fargo & Company MN now owns 18,308 shares of the technology company’s stock valued at $122,000 after buying an additional 17,308 shares in the last quarter. Rhumbline Advisers purchased a new stake in Iteris in the 2nd quarter valued at $136,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in Iteris in the 2nd quarter valued at $137,000. Institutional investors own 33.35% of the company’s stock.
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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.
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