Northland Securities Analysts Give Iteris, Inc. (ITI) a $9.00 Price Target
Other research analysts have also issued reports about the stock. B. Riley restated a buy rating and set a $9.00 price target on shares of Iteris in a research report on Wednesday, August 9th. Dougherty & Co started coverage on shares of Iteris in a research report on Tuesday, July 18th. They set a buy rating and a $8.00 price target for the company. Finally, Zacks Investment Research upgraded shares of Iteris from a hold rating to a buy rating and set a $6.75 price target for the company in a research report on Tuesday, August 29th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $8.31.
Iteris (NASDAQ ITI) opened at $5.38 on Monday. Iteris has a 1 year low of $3.20 and a 1 year high of $8.17.
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In related news, insider Thomas N. Blair sold 43,750 shares of the company’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $5.99, for a total value of $262,062.50. Following the completion of the transaction, the insider now directly owns 25,000 shares in the company, valued at $149,750. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Thomas N. Blair sold 17,096 shares of the company’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $6.00, for a total transaction of $102,576.00. Following the completion of the transaction, the vice president now owns 25,000 shares of the company’s stock, valued at $150,000. The disclosure for this sale can be found here. Insiders sold 481,051 shares of company stock valued at $2,990,259 over the last quarter. 4.30% of the stock is owned by company insiders.
A number of large investors have recently made changes to their positions in the stock. Wells Fargo & Company MN grew its position in Iteris by 1,730.8% in the third quarter. Wells Fargo & Company MN now owns 18,308 shares of the technology company’s stock worth $122,000 after acquiring an additional 17,308 shares in the last quarter. SG Americas Securities LLC purchased a new position in Iteris in the third quarter worth $120,000. Spark Investment Management LLC lifted its stake in Iteris by 191.3% in the second quarter. Spark Investment Management LLC now owns 30,000 shares of the technology company’s stock worth $186,000 after purchasing an additional 19,700 shares during the last quarter. Rhumbline Advisers bought a new stake in Iteris in the second quarter worth $136,000. Finally, The Manufacturers Life Insurance Company bought a new stake in Iteris in the second quarter worth $137,000. Institutional investors own 32.56% of the company’s stock.
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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