Insider Selling: Iteris, Inc. (NASDAQ:ITI) SVP Sells 2,804 Shares of Stock

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

Iteris Price Performance

Shares of NASDAQ:ITI opened at $4.48 on Friday. The stock has a market cap of $192.24 million, a P/E ratio of 74.67 and a beta of 0.67. The firm has a fifty day moving average price of $4.84 and a 200 day moving average price of $4.70. 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 for the quarter, hitting analysts’ consensus estimates of $0.01. The firm had revenue of $42.13 million during the quarter, compared to analysts’ expectations of $41.39 million. Iteris had a net margin of 1.45% and a return on equity of 3.76%. Sell-side analysts expect that Iteris, Inc. will post 0.1 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on ITI shares. B. Riley upped their target price on shares of Iteris from $6.00 to $8.50 and gave the company a “buy” rating in a report on Friday, February 9th. StockNews.com cut shares of Iteris from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 19th.

Institutional Trading of Iteris

Large investors have recently bought and sold shares of the business. Barclays PLC purchased a new position in Iteris during the 2nd quarter worth $34,000. Bfsg LLC purchased a new position in Iteris during the 4th quarter worth $50,000. Allspring Global Investments Holdings LLC purchased a new position in Iteris during the 3rd quarter worth $46,000. SG Americas Securities LLC purchased a new position in Iteris during the 3rd quarter worth $52,000. Finally, Panagora Asset Management Inc. purchased a new position in Iteris during the 3rd quarter worth $116,000. 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.