Iteris, Inc. (ITI) Given Consensus Rating of “Buy” by Brokerages

Shares of Iteris, Inc. (NASDAQ:ITI) have been given an average recommendation of “Buy” by the six research firms that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $8.00.

A number of research analysts have recently weighed in on ITI shares. ValuEngine downgraded Iteris from a “hold” rating to a “sell” rating in a research note on Thursday, May 11th. B. Riley reaffirmed a “buy” rating on shares of Iteris in a research note on Friday, June 9th. Finally, Dougherty & Co started coverage on Iteris in a research note on Tuesday, July 18th. They set a “buy” rating and a $8.00 price objective on the stock.

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Shares of Iteris (ITI) traded up 0.50% during midday trading on Friday, reaching $6.00. The company’s stock had a trading volume of 166,908 shares. The firm’s market capitalization is $195.40 million. Iteris has a 1-year low of $3.19 and a 1-year high of $6.91. The company’s 50-day moving average price is $6.33 and its 200 day moving average price is $5.61.

A hedge fund recently raised its stake in Iteris stock. Renaissance Technologies LLC raised its stake in Iteris, Inc. (NASDAQ:ITI) by 8.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 649,100 shares of the technology company’s stock after buying an additional 48,900 shares during the period. Renaissance Technologies LLC owned 2.02% of Iteris worth $2,363,000 at the end of the most recent quarter. 26.59% of the stock is currently owned by institutional investors and hedge funds.

About Iteris

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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