Iteris (NASDAQ:ITI) was downgraded by stock analysts at TheStreet from a “c-” rating to a “d+” rating in a research report issued to clients and investors on Tuesday.

A number of other equities analysts have also commented on the company. B. Riley reduced their price objective on Iteris from $9.00 to $8.00 and set a “buy” rating on the stock in a research note on Monday, November 5th. Dougherty & Co reissued a “buy” rating on shares of Iteris in a research note on Tuesday, September 4th. ValuEngine raised Iteris from a “hold” rating to a “buy” rating in a research note on Tuesday, October 2nd. Finally, Zacks Investment Research raised Iteris from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 9th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $7.75.

Iteris stock opened at $4.19 on Tuesday. The firm has a market capitalization of $141.29 million, a price-to-earnings ratio of -104.75 and a beta of 0.20. Iteris has a 52 week low of $3.62 and a 52 week high of $7.88.

Iteris (NASDAQ:ITI) last posted its quarterly earnings data on Tuesday, November 6th. The technology company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.02. The company had revenue of $24.42 million for the quarter, compared to analyst estimates of $25.29 million. Iteris had a negative return on equity of 8.76% and a negative net margin of 4.93%. Sell-side analysts expect that Iteris will post -0.11 EPS for the current year.

In other news, major shareholder Neil S. Subin sold 23,323 shares of the company’s stock in a transaction on Monday, October 15th. The stock was sold at an average price of $4.41, for a total transaction of $102,854.43. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Neil S. Subin sold 38,646 shares of the company’s stock in a transaction on Friday, October 19th. The shares were sold at an average price of $4.30, for a total value of $166,177.80. The disclosure for this sale can be found here. Insiders have sold 215,682 shares of company stock worth $913,198 in the last ninety days. 6.20% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Cowen Prime Services LLC lifted its stake in shares of Iteris by 1.7% during the third quarter. Cowen Prime Services LLC now owns 913,192 shares of the technology company’s stock valued at $4,913,000 after acquiring an additional 15,500 shares during the period. BlackRock Inc. increased its holdings in Iteris by 1.2% in the third quarter. BlackRock Inc. now owns 1,973,647 shares of the technology company’s stock valued at $10,618,000 after purchasing an additional 23,225 shares during the last quarter. Ancora Advisors LLC increased its holdings in Iteris by 16.3% in the third quarter. Ancora Advisors LLC now owns 177,041 shares of the technology company’s stock valued at $953,000 after purchasing an additional 24,867 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Iteris by 25.5% in the third quarter. Dimensional Fund Advisors LP now owns 204,016 shares of the technology company’s stock valued at $1,098,000 after purchasing an additional 41,395 shares during the last quarter. Finally, Royce & Associates LP increased its holdings in Iteris by 9.1% in the third quarter. Royce & Associates LP now owns 1,204,000 shares of the technology company’s stock valued at $6,478,000 after purchasing an additional 100,000 shares during the last quarter. 33.53% of the stock is currently 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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