Iteris (NASDAQ:ITI) Stock Passes Below Fifty Day Moving Average of $4.94

Iteris, Inc. (NASDAQ:ITI)’s share price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $4.94 and traded as low as $4.61. Iteris shares last traded at $4.63, with a volume of 72,880 shares trading hands.

Analyst Ratings Changes

ITI has been the subject of several analyst reports. B. Riley increased their price target 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. StockNews.com lowered shares of Iteris from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 19th.

Iteris Trading Down 0.2 %

The firm’s fifty day moving average price is $4.94 and its 200 day moving average price is $4.69. The stock has a market capitalization of $198.67 million, a price-to-earnings ratio of 77.17 and a beta of 0.67.

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

Insiders Place Their Bets

In other Iteris news, CEO J. Joseph Bergera sold 13,450 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $5.03, for a total transaction of $67,653.50. Following the sale, the chief executive officer now directly owns 192,238 shares in the company, valued at approximately $966,957.14. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Iteris news, major shareholder Samjo Management, Llc sold 72,000 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $5.36, for a total transaction of $385,920.00. Following the sale, the insider now directly owns 6,320,800 shares in the company, valued at approximately $33,879,488. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO J. Joseph Bergera sold 13,450 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $5.03, for a total transaction of $67,653.50. Following the completion of the sale, the chief executive officer now owns 192,238 shares in the company, valued at $966,957.14. The disclosure for this sale can be found here. Insiders have sold a total of 127,164 shares of company stock worth $662,009 in the last ninety days. 7.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Iteris

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Iteris by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 2,412,795 shares of the technology company’s stock valued at $12,547,000 after purchasing an additional 20,379 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Iteris by 211.2% in the 2nd quarter. BlackRock Inc. now owns 2,356,101 shares of the technology company’s stock valued at $9,330,000 after purchasing an additional 1,599,016 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Iteris by 7.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,160,380 shares of the technology company’s stock valued at $4,595,000 after purchasing an additional 82,278 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Iteris by 109.9% in the 2nd quarter. Geode Capital Management LLC now owns 820,725 shares of the technology company’s stock valued at $3,250,000 after purchasing an additional 429,750 shares in the last quarter. 51.16% of the stock is currently owned by institutional investors and hedge funds.

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.