Iteris (ITI) PT Set at $9.00 by B. Riley
B. Riley set a $9.00 target price on Iteris (NASDAQ:ITI) in a report issued on Thursday. The brokerage currently has a buy rating on the technology company’s stock. B. Riley also issued estimates for Iteris’ FY2021 earnings at $0.49 EPS.
Several other equities analysts have also commented on the company. Zacks Investment Research lowered Iteris from a hold rating to a sell rating in a research report on Wednesday. JMP Securities began coverage on Iteris in a research report on Thursday, January 25th. They set an outperform rating and a $10.50 price target on the stock. Finally, Northland Securities set a $9.00 price target on Iteris and gave the stock a buy rating in a research report on Monday, November 13th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. Iteris currently has an average rating of Buy and an average target price of $8.75.
Iteris (NASDAQ ITI) opened at $5.59 on Thursday. Iteris has a 52-week low of $4.40 and a 52-week high of $8.17.
Institutional investors and hedge funds have recently made changes to their positions in the business. GSA Capital Partners LLP acquired a new position in shares of Iteris in the 3rd quarter valued at approximately $116,000. SG Americas Securities LLC bought a new stake in shares of Iteris in the 3rd quarter valued at approximately $120,000. Wells Fargo & Company MN increased its holdings in shares of 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 acquiring an additional 17,308 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Iteris by 120.3% in the 4th quarter. The Manufacturers Life Insurance Company now owns 20,942 shares of the technology company’s stock valued at $146,000 after acquiring an additional 11,438 shares during the last quarter. Finally, Rhumbline Advisers bought a new stake in shares of Iteris in the 2nd quarter valued at approximately $136,000. 33.59% of the stock is currently owned by institutional investors.
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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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