Shares of Iteris Inc (NASDAQ:ITI) have earned an average rating of “Buy” from the six ratings firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $8.00.

ITI has been the subject of several research analyst reports. ValuEngine cut shares of Iteris from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Dougherty & Co reaffirmed a “buy” rating on shares of Iteris in a research note on Tuesday, April 30th.

ITI opened at $5.34 on Friday. The firm has a market cap of $178.10 million, a P/E ratio of -133.50 and a beta of 0.36. Iteris has a fifty-two week low of $3.24 and a fifty-two week high of $5.64.

Several large investors have recently modified their holdings of the business. Wells Fargo & Company MN grew its stake in shares of Iteris by 6.5% in the 1st quarter. Wells Fargo & Company MN now owns 49,327 shares of the technology company’s stock worth $206,000 after buying an additional 3,007 shares in the last quarter. Stone Ridge Asset Management LLC lifted its holdings in shares of Iteris by 72.2% in the 4th quarter. Stone Ridge Asset Management LLC now owns 20,497 shares of the technology company’s stock worth $76,000 after acquiring an additional 8,597 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Iteris by 52.6% in the 4th quarter. Rhumbline Advisers now owns 32,671 shares of the technology company’s stock worth $122,000 after acquiring an additional 11,258 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Iteris by 4.8% in the 4th quarter. Geode Capital Management LLC now owns 267,638 shares of the technology company’s stock worth $998,000 after acquiring an additional 12,233 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Iteris in the 1st quarter worth about $53,000. 40.21% of the stock is owned by institutional investors and hedge funds.

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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