Iteris (NASDAQ:ITI) Coverage Initiated by Analysts at StockNews.com

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

Several other equities research analysts have also recently weighed in on ITI. Maxim Group restated a “hold” rating on shares of Iteris in a research note on Monday, August 12th. Northland Capmk downgraded Iteris from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 9th. Finally, B. Riley reaffirmed a “neutral” rating and issued a $7.20 price objective (down from $8.00) on shares of Iteris in a research note on Wednesday, August 21st.

Iteris Price Performance

ITI stock opened at $7.19 on Friday. The company’s 50-day moving average price is $7.17 and its two-hundred day moving average price is $5.92. Iteris has a 12 month low of $4.00 and a 12 month high of $7.20. The firm has a market cap of $307.88 million, a P/E ratio of 239.75 and a beta of 0.87.

Institutional Investors Weigh In On Iteris

Several hedge funds have recently modified their holdings of ITI. Vanguard Group Inc. raised its holdings in Iteris by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 2,454,413 shares of the technology company’s stock valued at $12,125,000 after buying an additional 41,618 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Iteris during the first quarter worth $43,000. Jacobs Levy Equity Management Inc. bought a new stake in shares of Iteris in the first quarter worth $1,270,000. Dynamic Advisor Solutions LLC grew its stake in shares of Iteris by 6.5% in the second quarter. Dynamic Advisor Solutions LLC now owns 184,464 shares of the technology company’s stock worth $799,000 after purchasing an additional 11,247 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Iteris by 8.2% in the second quarter. Bank of New York Mellon Corp now owns 134,539 shares of the technology company’s stock valued at $583,000 after purchasing an additional 10,208 shares during the period. Institutional investors and hedge funds own 51.16% of the company’s stock.

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.