B. Riley Boosts Iteris (NASDAQ:ITI) Price Target to $8.50

Iteris (NASDAQ:ITIFree Report) had its price objective upped by B. Riley from $6.00 to $8.50 in a research report sent to investors on Friday morning, Benzinga reports. B. Riley currently has a buy rating on the technology company’s stock. B. Riley also issued estimates for Iteris’ Q4 2024 earnings at $0.02 EPS and FY2024 earnings at $0.09 EPS.

Separately, StockNews.com downgraded Iteris from a strong-buy rating to a buy rating in a research report on Tuesday, January 23rd.

Check Out Our Latest Research Report on ITI

Iteris Stock Down 0.4 %

ITI stock opened at $5.32 on Friday. The business’s fifty day simple moving average is $4.84 and its two-hundred day simple moving average is $4.50. Iteris has a twelve month low of $3.72 and a twelve month high of $5.49. The firm has a market cap of $227.82 million, a price-to-earnings ratio of 88.67 and a beta of 0.68.

Iteris (NASDAQ:ITIGet Free Report) last released its earnings results on Thursday, November 9th. The technology company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). Iteris had a return on equity of 3.80% and a net margin of 1.45%. The business had revenue of $43.56 million during the quarter, compared to analysts’ expectations of $41.13 million. Research analysts expect that Iteris will post 0.12 EPS for the current year.

Insider Transactions at Iteris

In related news, major shareholder Samjo Management, Llc sold 72,000 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $5.36, for a total transaction of $385,920.00. Following the sale, the insider now owns 6,320,800 shares of the company’s stock, valued at $33,879,488. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 7.40% of the company’s stock.

Institutional Investors Weigh In On Iteris

Institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp boosted its holdings in Iteris by 2.3% in the third quarter. Bank of New York Mellon Corp now owns 115,339 shares of the technology company’s stock worth $478,000 after acquiring an additional 2,604 shares in the last quarter. Bouvel Investment Partners LLC boosted its holdings in Iteris by 1.1% in the fourth quarter. Bouvel Investment Partners LLC now owns 294,890 shares of the technology company’s stock worth $1,533,000 after acquiring an additional 3,119 shares in the last quarter. BlackRock Inc. boosted its holdings in Iteris by 0.4% in the first quarter. BlackRock Inc. now owns 757,085 shares of the technology company’s stock worth $3,551,000 after acquiring an additional 3,280 shares in the last quarter. Acuitas Investments LLC boosted its holdings in Iteris by 0.6% in the third quarter. Acuitas Investments LLC now owns 552,651 shares of the technology company’s stock worth $2,288,000 after acquiring an additional 3,442 shares in the last quarter. Finally, Whittier Trust Co. boosted its holdings in Iteris by 9.3% in the third quarter. Whittier Trust Co. now owns 44,602 shares of the technology company’s stock worth $185,000 after acquiring an additional 3,794 shares in the last quarter. Institutional investors own 64.84% of the company’s stock.

Iteris Company Profile

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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.

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