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

StockNews.com began coverage on shares of Iteris (NASDAQ:ITI) in a report published on Monday morning. The firm issued a buy rating on the technology company’s stock.

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

Iteris Trading Down 0.1 %

Shares of Iteris stock opened at $7.19 on Monday. The business has a 50-day moving average price of $7.18 and a two-hundred day moving average price of $6.04. Iteris has a 1-year low of $4.00 and a 1-year high of $7.20. The company has a market cap of $307.88 million, a P/E ratio of 239.75 and a beta of 0.87.

Hedge Funds Weigh In On Iteris

Hedge funds have recently added to or reduced their stakes in the stock. Private Management Group Inc. boosted its stake 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 last quarter. 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 last quarter. Acuitas Investments LLC boosted its stake in Iteris by 155.2% during the 2nd quarter. Acuitas Investments LLC now owns 270,534 shares of the technology company’s stock valued at $1,171,000 after purchasing an additional 164,539 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its stake in Iteris by 6.5% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 184,464 shares of the technology company’s stock valued at $799,000 after purchasing an additional 11,247 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Iteris by 24.2% during the 2nd quarter. Renaissance Technologies LLC now owns 375,885 shares of the technology company’s stock worth $1,628,000 after buying an additional 73,300 shares in the last quarter. Institutional investors and hedge funds 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.