Zacks Investment Research upgraded shares of Iteris Inc (NYSE:ITI) from a hold rating to a buy rating in a research report sent to investors on Tuesday. Zacks Investment Research currently has $6.75 price target on the stock.

According to Zacks, “Iteris, Inc. is a leading provider of outdoor vision systems and sensors that optimize the flow of traffic and enhance driver safety. Iteris combines outdoor image processing, traffic engineering, and information technology to offer a broad range of transportation and safety solutions. “

Other equities research analysts have also recently issued reports about the company. B. Riley reaffirmed a buy rating and issued a $9.00 price target on shares of Iteris in a research note on Monday, August 14th. Northland Securities set a $8.00 price target on Iteris and gave the stock a buy rating in a research note on Friday, August 4th. Finally, Dougherty & Co initiated 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.

Iteris (ITI) opened at 6.42 on Tuesday. Iteris has a one year low of $3.20 and a one year high of $6.91. The company has a 50 day moving average price of $6.25 and a 200-day moving average price of $5.71. The company’s market capitalization is $209.07 million.

Iteris (NYSE:ITI) last issued its quarterly earnings results on Monday, August 7th. The company reported ($0.02) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.02). The company had revenue of $27.18 million for the quarter, compared to analysts’ expectations of $26.31 million. Iteris had a negative return on equity of 33.30% and a negative net margin of 13.64%. Analysts expect that Iteris will post ($0.07) EPS for the current fiscal year.

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In other Iteris news, insider Thomas N. Blair sold 43,750 shares of the business’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $5.99, for a total value of $262,062.50. Following the sale, the insider now directly owns 25,000 shares of the company’s stock, valued at $149,750. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Global Investors Fundamental sold 320,500 shares of the business’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $5.50, for a total value of $1,762,750.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 766,564 shares of company stock worth $4,242,235.

A number of large investors have recently added to or reduced their stakes in ITI. Spark Investment Management LLC increased its stake in Iteris by 191.3% in the second quarter. Spark Investment Management LLC now owns 30,000 shares of the company’s stock valued at $186,000 after buying an additional 19,700 shares during the period. Rhumbline Advisers bought a new stake in Iteris during the second quarter valued at approximately $136,000. The Manufacturers Life Insurance Company bought a new stake in Iteris during the second quarter valued at approximately $137,000. New York State Common Retirement Fund bought a new stake in Iteris during the second quarter valued at approximately $156,000. Finally, Sterling Capital Management LLC increased its stake in Iteris by 144.1% in the second quarter. Sterling Capital Management LLC now owns 47,600 shares of the company’s stock valued at $296,000 after buying an additional 28,100 shares during the period.

Iteris Company Profile

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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