Zacks: Iteris Inc. (NASDAQ:ITI) Receives Consensus Recommendation of “Strong Buy” from Analysts
Shares of Iteris Inc. (NASDAQ:ITI) have received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Analysts have set a 1-year consensus price target of $6.00 for the company and are forecasting that the company will post ($0.02) EPS for the current quarter, according to Zacks. Zacks has also assigned Iteris an industry rank of 201 out of 265 based on the ratings given to its competitors.
ITI has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded Iteris from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 21st. Northland Securities restated an “outperform” rating on shares of Iteris in a report on Tuesday, August 30th.
In other news, Director Global Investors Fundamental purchased 200,000 shares of Iteris stock in a transaction that occurred on Wednesday, September 7th. The shares were bought at an average cost of $3.79 per share, with a total value of $758,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.20% of the stock is owned by corporate insiders.
An institutional investor recently raised its position in Iteris stock. Vanguard Group Inc. raised its position in shares of Iteris Inc. (NASDAQ:ITI) by 1.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 505,865 shares of the company’s stock after buying an additional 5,700 shares during the period. Vanguard Group Inc. owned approximately 1.58% of Iteris worth $1,447,000 as of its most recent SEC filing. Institutional investors own 20.11% of the company’s stock.
Shares of Iteris (NASDAQ:ITI) traded down 3.29% during mid-day trading on Tuesday, hitting $3.82. 100,628 shares of the stock traded hands. Iteris has a 52 week low of $1.89 and a 52 week high of $4.04. The firm’s 50-day moving average is $3.48 and its 200-day moving average is $2.86. The stock’s market cap is $122.50 million.
Iteris Company Profile
Iteris, Inc is a provider of information solutions for the intelligent traffic systems (ITS) and the precision agriculture markets. The Company operates through three segments: Roadway Sensors, Transportation Systems and Performance Analytics. The Roadway Sensors segment products include Vantage, Vantage Vector, VantageView, SmartCycle and vehicle detection systems for traffic intersection control, incident detection and highway traffic data collection applications.
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