Zacks Investment Research lowered shares of Iteris (NASDAQ:ITI) from a hold rating to a sell rating in a research report sent to investors on Tuesday.

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. “

A number of other research firms also recently weighed in on ITI. Northland Securities set a $9.00 target price on Iteris and gave the stock a buy rating in a research report on Monday, November 13th. B. Riley restated a buy rating and issued a $9.00 target price on shares of Iteris in a research report on Wednesday, November 8th. 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 currently has a consensus rating of Buy and an average target price of $8.31.

Iteris (NASDAQ ITI) traded down $0.21 on Tuesday, reaching $7.51. The company’s stock had a trading volume of 177,406 shares, compared to its average volume of 343,943. The firm has a market capitalization of $253.12, a P/E ratio of -37.55 and a beta of -0.46. Iteris has a 12-month low of $3.85 and a 12-month high of $8.17.

In other news, insider Todd Kreter sold 37,500 shares of the stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $6.10, for a total transaction of $228,750.00. Following the completion of the sale, the insider now owns 40,803 shares in the company, valued at approximately $248,898.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Thomas N. Blair sold 31,250 shares of the stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $6.88, for a total value of $215,000.00. Following the sale, the insider now owns 12,500 shares of the company’s stock, valued at approximately $86,000. The disclosure for this sale can be found here. 4.30% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in ITI. GSA Capital Partners LLP purchased a new stake in shares of Iteris in the third quarter valued at $116,000. SG Americas Securities LLC purchased a new stake in shares of Iteris in the third quarter valued at $120,000. Wells Fargo & Company MN lifted its holdings in shares of Iteris by 1,730.8% in the third quarter. Wells Fargo & Company MN now owns 18,308 shares of the technology company’s stock valued at $122,000 after purchasing an additional 17,308 shares in the last quarter. Rhumbline Advisers purchased a new stake in shares of Iteris in the second quarter valued at $136,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of Iteris in the second quarter valued at $137,000. Institutional investors own 33.35% of the company’s stock.

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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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