Iteris Inc (ITI) Given a $9.00 Price Target by Northland Securities Analysts
Iteris Inc (NASDAQ:ITI) received a $9.00 price target from research analysts at Northland Securities in a report issued on Monday. The firm presently has a “buy” rating on the technology company’s stock. Northland Securities’ target price points to a potential upside of 62.45% from the company’s current price.
Other equities analysts also recently issued research reports about the stock. B. Riley reaffirmed a “buy” rating and set a $9.00 price target on shares of Iteris in a report on Wednesday, August 9th. Dougherty & Co began coverage on shares of Iteris in a report on Tuesday, July 18th. They set a “buy” rating and a $8.00 price target on the stock. Finally, Zacks Investment Research upgraded shares of Iteris from a “hold” rating to a “buy” rating and set a $6.75 price objective on the stock in a research report on Tuesday, August 29th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $8.31.
Shares of Iteris (ITI) traded down $0.31 during trading hours on Monday, reaching $5.54. 160,400 shares of the company’s stock traded hands, compared to its average volume of 147,225. Iteris has a twelve month low of $3.20 and a twelve month high of $8.17.
In other news, Director Global Investors Fundamental sold 269,293 shares of Iteris stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $6.31, for a total transaction of $1,699,238.83. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Thomas N. Blair sold 17,096 shares of Iteris stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $6.00, for a total transaction of $102,576.00. Following the sale, the vice president now owns 25,000 shares in the company, valued at approximately $150,000. The disclosure for this sale can be found here. In the last quarter, insiders have sold 481,051 shares of company stock worth $2,990,259. Company insiders own 4.30% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in ITI. Strs Ohio bought a new stake in Iteris in the second quarter worth $396,000. Spark Investment Management LLC increased its position in Iteris by 191.3% in the second quarter. Spark Investment Management LLC now owns 30,000 shares of the technology company’s stock worth $186,000 after purchasing an additional 19,700 shares during the last quarter. CAPROCK Group Inc. bought a new stake in Iteris in the second quarter worth $227,000. Essex Investment Management Co. LLC bought a new stake in Iteris in the second quarter worth $724,000. Finally, Trexquant Investment LP bought a new stake in Iteris in the second quarter worth $205,000. Institutional investors own 32.56% of the company’s stock.
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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