Iteris (NASDAQ:ITI) Now Covered by StockNews.com

Investment analysts at StockNews.com initiated coverage on shares of Iteris (NASDAQ:ITI) in a report released on Saturday. The firm set a “buy” rating on the technology company’s stock.

Several other research analysts have also issued reports on the stock. B. Riley reissued a “neutral” rating and set a $7.20 target price (down from $8.00) on shares of Iteris in a research note on Wednesday, August 21st. Northland Capmk lowered shares of Iteris from a “strong-buy” rating to a “hold” rating in a report on Friday, August 9th. Finally, Maxim Group restated a “hold” rating on shares of Iteris in a research note on Monday, August 12th.

Iteris Stock Performance

Iteris stock opened at $7.19 on Friday. The stock has a market capitalization of $307.88 million, a price-to-earnings ratio of 239.75 and a beta of 0.87. Iteris has a 52-week low of $4.00 and a 52-week high of $7.20. The stock’s 50 day moving average price is $7.16 and its two-hundred day moving average price is $5.80.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Jacobs Levy Equity Management Inc. bought a new position in shares of Iteris in the first quarter valued at approximately $1,270,000. Natixis purchased a new stake in Iteris in the 1st quarter valued at $642,000. Private Management Group Inc. lifted its stake in Iteris by 13.3% during the 2nd quarter. Private Management Group Inc. now owns 1,626,954 shares of the technology company’s stock valued at $7,045,000 after acquiring an additional 191,511 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Iteris by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 2,454,413 shares of the technology company’s stock worth $12,125,000 after acquiring an additional 41,618 shares during the last quarter. Finally, Acuitas Investments LLC boosted its holdings in Iteris by 155.2% during the 2nd quarter. Acuitas Investments LLC now owns 270,534 shares of the technology company’s stock worth $1,171,000 after acquiring an additional 164,539 shares during the last quarter. 51.16% of the stock is owned by institutional investors.

About Iteris

Iteris, Inc provides intelligent transportation systems technology solutions in North America, Europe, South America, and Asia. The company offers smart mobility infrastructure solutions include traveler information systems, transportation performance measurement software, traffic analytics software, transportation operations software, transportation-related data sets, advanced sensing devices, managed services, traffic engineering services, and mobility consulting services.