Iteris (NASDAQ:ITI) Downgraded to Hold at StockNews.com

StockNews.com cut shares of Iteris (NASDAQ:ITI – Get Rating) from a buy rating to a hold rating in a report released on Monday morning.

Several other research firms have also recently weighed in on ITI. B. Riley increased their price objective on Iteris from $3.50 to $4.50 and gave the stock a buy rating in a research report on Friday, February 3rd. EF Hutton Acquisition Co. I raised their price target on Iteris from $5.50 to $6.00 and gave the stock a buy rating in a research report on Monday, February 6th. Northland Securities raised their price target on Iteris from $6.00 to $7.00 in a research report on Thursday, April 27th. Finally, TheStreet upgraded Iteris from a d+ rating to a c- rating in a research report on Friday, February 3rd.

Iteris Price Performance

ITI stock opened at $4.32 on Monday. The stock has a market capitalization of $184.77 million, a price-to-earnings ratio of -10.80 and a beta of 0.89. The business’s fifty day moving average price is $4.51 and its two-hundred day moving average price is $3.93. Iteris has a fifty-two week low of $2.56 and a fifty-two week high of $4.96.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ITI. Samjo Capital LLC grew its position in Iteris by 29.0% in the third quarter. Samjo Capital LLC now owns 3,095,000 shares of the technology company’s stock valued at $8,080,000 after acquiring an additional 695,000 shares during the last quarter. Millennium Management LLC acquired a new stake in shares of Iteris during the second quarter valued at about $1,600,000. Cowen Prime Advisors LLC boosted its stake in shares of Iteris by 18.8% during the third quarter. Cowen Prime Advisors LLC now owns 3,281,200 shares of the technology company’s stock valued at $9,745,000 after purchasing an additional 520,380 shares in the last quarter. Worth Venture Partners LLC acquired a new stake in shares of Iteris during the first quarter valued at about $488,000. Finally, Renaissance Technologies LLC boosted its stake in shares of Iteris by 35.2% during the first quarter. Renaissance Technologies LLC now owns 587,885 shares of the technology company’s stock valued at $1,752,000 after purchasing an additional 153,113 shares in the last quarter. Institutional investors own 43.19% of the company’s stock.

About Iteris

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Iteris, Inc engages in the provision of smart mobility infrastructure management solutions. The firms solutions enable public transportation agencies, municipalities, commercial entities and other transportation infrastructure providers to monitor, visualize, and optimize mobility infrastructure to help ensure roads are safe, travel is efficient, and communities thrive.