Iteris, Inc. (NASDAQ:ITI) SVP William M. Cousins Sells 2,804 Shares

Iteris, Inc. (NASDAQ:ITI) SVP William M. Cousins sold 2,804 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $4.91, for a total transaction of $13,767.64. Following the completion of the sale, the senior vice president now directly owns 6,571 shares in the company, valued at approximately $32,263.61. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Iteris Trading Down 2.7 %

Shares of ITI opened at $4.35 on Friday. The firm’s 50-day moving average price is $4.86 and its 200-day moving average price is $4.70. The firm has a market capitalization of $186.66 million, a price-to-earnings ratio of 72.50 and a beta of 0.67. Iteris, Inc. has a 1-year low of $3.72 and a 1-year high of $5.49.

Iteris (NASDAQ:ITI) last issued its quarterly earnings results on Thursday, February 8th. The technology company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.01. Iteris had a net margin of 1.45% and a return on equity of 3.76%. The company had revenue of $42.13 million during the quarter, compared to analysts’ expectations of $41.39 million. On average, research analysts forecast that Iteris, Inc. will post 0.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ITI. StockNews.com lowered shares of Iteris from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 19th. B. Riley lifted their target price on shares of Iteris from $6.00 to $8.50 and gave the company a “buy” rating in a research note on Friday, February 9th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. TIAA Trust National Association purchased a new position in Iteris in the third quarter worth about $1,032,000. Whittier Trust Co. raised 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 buying an additional 3,794 shares during the last quarter. Worth Venture Partners LLC raised its holdings in Iteris by 19.1% in the third quarter. Worth Venture Partners LLC now owns 282,266 shares of the technology company’s stock worth $1,169,000 after buying an additional 45,244 shares during the last quarter. SG Americas Securities LLC raised its holdings in Iteris by 47.0% in the fourth quarter. SG Americas Securities LLC now owns 18,439 shares of the technology company’s stock worth $96,000 after buying an additional 5,897 shares during the last quarter. Finally, Strs Ohio purchased a new position in Iteris in the third quarter worth about $390,000. 51.16% of the stock is owned by hedge funds and other institutional investors.

Iteris Company Profile

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.