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

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

A number of other equities analysts also recently issued reports on ITI. Northland Capmk downgraded shares of Iteris from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 9th. Maxim Group restated a “hold” rating on shares of Iteris in a report on Monday, August 12th. Finally, B. Riley reiterated 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.

Iteris Price Performance

Shares of ITI stock opened at $7.19 on Monday. Iteris has a 1-year low of $4.00 and a 1-year high of $7.20. The stock has a market capitalization of $307.88 million, a PE ratio of 239.75 and a beta of 0.87. The business has a 50-day moving average of $7.18 and a 200 day moving average of $6.03.

Hedge Funds Weigh In On Iteris

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Access Investment Management LLC lifted its position in Iteris by 67.7% during the third quarter. Access Investment Management LLC now owns 4,570 shares of the technology company’s stock valued at $33,000 after purchasing an additional 1,845 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Iteris in the 1st quarter worth about $43,000. Intech Investment Management LLC purchased a new position in shares of Iteris during the 3rd quarter worth about $78,000. Bfsg LLC grew its holdings in Iteris by 31.4% during the 2nd quarter. Bfsg LLC now owns 12,720 shares of the technology company’s stock valued at $55,000 after purchasing an additional 3,038 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Iteris during the third quarter valued at approximately $125,000. 51.16% of the stock is owned by institutional investors.

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.