StockNews.com Begins Coverage on Iteris (NASDAQ:ITI)

Analysts at StockNews.com assumed coverage on shares of Iteris (NASDAQ:ITI) in a note issued to investors on Monday. The firm set a “buy” rating on the technology company’s stock.

ITI has been the subject of a number of other research reports. B. Riley reissued a “neutral” rating and issued a $7.20 price objective (down previously from $8.00) on shares of Iteris in a research report on Wednesday, August 21st. Northland Capmk downgraded shares of Iteris from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 9th. Finally, Maxim Group reiterated a “hold” rating on shares of Iteris in a research note on Monday, August 12th.

Iteris Stock Down 0.1 %

Shares of Iteris stock opened at $7.19 on Monday. The firm’s 50 day moving average price is $7.18 and its 200-day moving average price is $6.03. Iteris has a 52-week low of $4.00 and a 52-week high of $7.20. The company has a market cap of $307.88 million, a P/E ratio of 239.75 and a beta of 0.87.

Institutional Trading of Iteris

A number of hedge funds and other institutional investors have recently made changes to their positions in ITI. Glazer Capital LLC acquired a new stake in shares of Iteris during the 3rd quarter worth approximately $20,313,000. Vanguard Group Inc. increased its holdings in Iteris by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 2,454,413 shares of the technology company’s stock worth $12,125,000 after acquiring an additional 41,618 shares in the last quarter. Oddo BHF Asset Management Sas acquired a new position in Iteris during the third quarter worth $13,791,000. Private Management Group Inc. lifted its holdings in Iteris by 13.3% during the second quarter. Private Management Group Inc. now owns 1,626,954 shares of the technology company’s stock valued at $7,045,000 after purchasing an additional 191,511 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Iteris by 4.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,103,776 shares of the technology company’s stock worth $4,779,000 after buying an additional 43,493 shares in the last quarter. Institutional investors and hedge funds own 51.16% of the company’s stock.

About Iteris

Iteris, Inc provides intelligent transportation systems technology solutions in North America, Europe, South America, and Asia. The company offers smart mobility infrastructure solutions include traveler information systems, transportation performance measurement software, traffic analytics software, transportation operations software, transportation-related data sets, advanced sensing devices, managed services, traffic engineering services, and mobility consulting services.