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

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

Other analysts also recently issued reports about the company. Northland Capmk downgraded Iteris from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 9th. B. Riley reaffirmed a “neutral” rating and issued a $7.20 price target (down previously from $8.00) on shares of Iteris in a research note on Wednesday, August 21st. Finally, Maxim Group reiterated a “hold” rating on shares of Iteris in a research note on Monday, August 12th.

Iteris Stock Performance

ITI opened at $7.19 on Friday. The stock has a fifty day moving average of $7.16 and a 200-day moving average of $5.80. The company has a market capitalization of $307.88 million, a P/E ratio of 239.75 and a beta of 0.87. Iteris has a fifty-two week low of $4.00 and a fifty-two week high of $7.20.

Hedge Funds Weigh In On Iteris

Large investors have recently modified their holdings of the business. 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 holdings in Iteris by 1.7% in the first quarter. Vanguard Group Inc. now owns 2,454,413 shares of the technology company’s stock valued at $12,125,000 after acquiring an additional 41,618 shares during the last quarter. Private Management Group Inc. increased its position 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 purchasing an additional 191,511 shares during the period. Dimensional Fund Advisors LP raised its holdings in Iteris by 4.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,103,776 shares of the technology company’s stock worth $4,779,000 after purchasing an additional 43,493 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Iteris by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 964,370 shares of the technology company’s stock worth $6,887,000 after purchasing an additional 12,964 shares during the last quarter. Institutional investors 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.