Iteris (NASDAQ:ITI) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

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 analysts have also weighed in on the stock. ValuEngine upgraded shares of Iteris from a “hold” rating to a “buy” rating in a research note on Tuesday, June 5th. B. Riley set a $9.00 price target on shares of Iteris and gave the stock a “buy” rating in a research note on Saturday, April 14th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $8.63.

NASDAQ:ITI opened at $4.72 on Thursday. The stock has a market cap of $162.70 million, a price-to-earnings ratio of -118.00 and a beta of -0.07. Iteris has a fifty-two week low of $4.09 and a fifty-two week high of $8.17.

Iteris (NASDAQ:ITI) last released its quarterly earnings data on Thursday, June 7th. The technology company reported ($0.04) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.04). The business had revenue of $25.27 million during the quarter, compared to analyst estimates of $24.96 million. Iteris had a negative net margin of 4.54% and a negative return on equity of 10.36%. equities research analysts predict that Iteris will post -0.08 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the company. New York State Common Retirement Fund grew its stake in shares of Iteris by 42.1% in the first quarter. New York State Common Retirement Fund now owns 35,659 shares of the technology company’s stock worth $177,000 after acquiring an additional 10,559 shares during the period. Trellus Management Company LLC bought a new stake in shares of Iteris in the first quarter worth approximately $198,000. Wells Fargo & Company MN grew its stake in shares of Iteris by 148.9% in the fourth quarter. Wells Fargo & Company MN now owns 45,576 shares of the technology company’s stock worth $318,000 after acquiring an additional 27,268 shares during the period. Deutsche Bank AG grew its stake in shares of Iteris by 144.9% in the fourth quarter. Deutsche Bank AG now owns 53,304 shares of the technology company’s stock worth $370,000 after acquiring an additional 31,539 shares during the period. Finally, Private Management Group Inc. bought a new stake in shares of Iteris in the second quarter worth approximately $517,000. Hedge funds and other institutional investors own 29.96% of the company’s stock.

About Iteris

Iteris, Inc provides intelligent transportation systems technology solutions worldwide. The company's Roadway Sensors segment provides vehicle detection sensors and systems for traffic intersection management, communication systems, and roadway traffic data collection applications. Its products include Vantage detection system to detect vehicle presence at intersections, as well as vehicle count, speed, and other traffic data; Vantage Vector video/radar hybrid product, an vehicle detection sensor; and VantageLive!, a cloud-based platform; and Vantage systems equipped with smartcycle capability to differentiate between bicycles and other vehicles with a single video detection camera.

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