Iteris, Inc. (ITI) Receives $8.00 Average Target Price from Analysts

Shares of Iteris, Inc. (NASDAQ:ITI) have been given a consensus recommendation of “Buy” by the six ratings firms that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $8.00.

A number of analysts recently issued reports on the stock. B. Riley reissued a “buy” rating on shares of Iteris in a research report on Friday, June 9th. ValuEngine raised shares of Iteris from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Dougherty & Co assumed coverage on shares of Iteris in a research report on Tuesday, July 18th. They set a “buy” rating and a $8.00 target price for the company.

An institutional investor recently raised its position in Iteris stock. Renaissance Technologies LLC boosted its stake in shares of Iteris, Inc. (NASDAQ:ITI) by 8.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 reporting period. 27.96% of the stock is owned by institutional investors.

Shares of Iteris (NASDAQ:ITI) traded down 1.99% during mid-day trading on Friday, reaching $5.90. 86,869 shares of the company were exchanged. Iteris has a 12 month low of $3.19 and a 12 month high of $6.91. The stock has a 50 day moving average price of $6.31 and a 200-day moving average price of $5.64. The stock’s market capitalization is $192.14 million.

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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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