Iteris Inc (ITI) VP Thomas N. Blair Sells 17,096 Shares of Stock
Iteris Inc (NYSE:ITI) VP Thomas N. Blair sold 17,096 shares of the firm’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $6.00, for a total value of $102,576.00. Following the completion of the transaction, the vice president now owns 25,000 shares in the company, valued at $150,000. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Iteris Inc (NYSE ITI) traded down 0.84% during trading on Friday, hitting $5.92. The stock had a trading volume of 70,052 shares. The company’s 50 day moving average is $6.25 and its 200 day moving average is $5.68. Iteris Inc has a 52-week low of $3.20 and a 52-week high of $6.91. The firm’s market cap is $192.79 million.
Iteris (NYSE:ITI) last posted its quarterly earnings data on Monday, August 7th. The company reported ($0.02) EPS for the quarter, meeting analysts’ consensus estimates of ($0.02). Iteris had a negative net margin of 13.64% and a negative return on equity of 33.30%. The company had revenue of $27.18 million for the quarter, compared to analyst estimates of $26.31 million. Equities research analysts forecast that Iteris Inc will post ($0.07) earnings per share for the current year.
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Several hedge funds and other institutional investors have recently modified their holdings of the company. Rhumbline Advisers purchased a new position in shares of Iteris during the second quarter worth about $136,000. The Manufacturers Life Insurance Company purchased a new position in shares of Iteris during the second quarter worth about $137,000. New York State Common Retirement Fund purchased a new position in shares of Iteris during the second quarter worth about $156,000. Spark Investment Management LLC raised its position in shares of Iteris by 191.3% in the second quarter. Spark Investment Management LLC now owns 30,000 shares of the company’s stock worth $186,000 after buying an additional 19,700 shares during the period. Finally, Trexquant Investment LP purchased a new position in shares of Iteris during the second quarter worth about $205,000.
A number of research firms have recently issued reports on ITI. Zacks Investment Research downgraded Iteris from a “buy” rating to a “hold” rating in a research note on Friday. B. Riley restated a “buy” rating and issued a $9.00 price target on shares of Iteris in a research note on Monday, August 14th. Dougherty & Co began coverage on Iteris in a research note on Tuesday, July 18th. They issued a “buy” rating and a $8.00 price target on the stock. Finally, Northland Securities set a $8.00 price target on Iteris and gave the stock a “buy” rating in a research note on Tuesday, July 4th.
Iteris, Inc is a provider of information solutions for both the traffic management and global agribusiness markets. The Company operates through three segments: Roadway Sensors, Transportation Systems and Performance Analytics. The Roadway Sensors segment provides various vehicle detection and information systems and products for traffic intersection control, incident detection and roadway traffic data collection applications.
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