Iteris, Inc. (NASDAQ:ITI - Get Free Report) SVP William M. Cousins sold 2,804 shares of the business's stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $4.91, for a total transaction of $13,767.64. Following the completion of the sale, the senior vice president now directly owns 6,571 shares of the company's stock, valued at approximately $32,263.61. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Iteris Stock Down 2.7 %
Iteris stock opened at $4.35 on Friday. Iteris, Inc. has a 52-week low of $3.72 and a 52-week high of $5.49. The firm has a market capitalization of $186.66 million, a price-to-earnings ratio of 72.50 and a beta of 0.67. The company has a fifty day simple moving average of $4.86 and a 200-day simple moving average of $4.70.
Iteris (NASDAQ:ITI - Get Free Report) last released its earnings results on Thursday, February 8th. The technology company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.01. The business had revenue of $42.13 million during the quarter, compared to analyst estimates of $41.39 million. Iteris had a net margin of 1.45% and a return on equity of 3.76%. On average, research analysts anticipate that Iteris, Inc. will post 0.1 EPS for the current fiscal year.
Institutional Inflows and Outflows
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Institutional investors and hedge funds have recently modified their holdings of the company. Barclays PLC acquired a new position in shares of Iteris during the 2nd quarter valued at about $34,000. Bfsg LLC acquired a new position in shares of Iteris during the 4th quarter valued at about $50,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Iteris during the 3rd quarter valued at about $46,000. SG Americas Securities LLC acquired a new position in Iteris in the third quarter valued at about $52,000. Finally, Panagora Asset Management Inc. acquired a new position in Iteris in the third quarter valued at about $116,000. Institutional investors and hedge funds own 51.16% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages recently commented on ITI. B. Riley boosted their price target on shares of Iteris from $6.00 to $8.50 and gave the stock a "buy" rating in a report on Friday, February 9th. StockNews.com lowered shares of Iteris from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 19th.
View Our Latest Analysis on ITI
About Iteris
(
Get Free Report)
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.
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