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

Stock analysts at StockNews.com started coverage on shares of Iteris (NASDAQ:ITI) in a report issued on Monday. The firm set a “buy” rating on the technology company’s stock.

ITI has been the subject of a number of other reports. Northland Capmk cut shares of Iteris from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 9th. B. Riley restated a “neutral” rating and set a $7.20 price target (down previously from $8.00) on shares of Iteris in a report on Wednesday, August 21st. Finally, Maxim Group reiterated a “hold” rating on shares of Iteris in a report on Monday, August 12th.

Iteris Price Performance

Shares of Iteris stock opened at $7.19 on Monday. The firm has a market cap of $307.88 million, a price-to-earnings ratio of 239.75 and a beta of 0.87. The stock has a 50-day simple moving average of $7.18 and a 200-day simple moving average of $5.99. Iteris has a 52-week low of $4.00 and a 52-week high of $7.20.

Hedge Funds Weigh In On Iteris

A number of institutional investors have recently modified their holdings of ITI. Glazer Capital LLC acquired a new stake in shares of Iteris in the third quarter valued at about $20,313,000. Vanguard Group Inc. boosted its stake in Iteris by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 2,454,413 shares of the technology company’s stock valued at $12,125,000 after purchasing an additional 41,618 shares during the period. Private Management Group Inc. grew its holdings in Iteris by 13.3% in 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 buying an additional 191,511 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Iteris by 4.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,103,776 shares of the technology company’s stock worth $4,779,000 after buying an additional 43,493 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Iteris by 1.4% during the third quarter. Geode Capital Management LLC now owns 964,370 shares of the technology company’s stock worth $6,887,000 after buying an additional 12,964 shares during the last quarter. Institutional investors own 51.16% of the company’s stock.

Iteris Company Profile

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.