Iteris (NASDAQ:ITI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

According to Zacks, “Iteris, Inc. is a leading provider of outdoor vision systems and sensors that optimize the flow of traffic and enhance driver safety. Iteris combines outdoor image processing, traffic engineering, and information technology to offer a broad range of transportation and safety solutions. “

Other research analysts have also recently issued research reports about the company. Dougherty & Co reiterated a “buy” rating on shares of Iteris in a research note on Thursday, August 17th. B. Riley restated a “buy” rating and issued a $9.00 price target on shares of Iteris in a research note on Monday, August 14th. Finally, Northland Securities set a $9.00 price target on Iteris and gave the stock a “buy” rating in a research note on Monday, November 13th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $8.31.

Iteris (NASDAQ ITI) opened at $6.01 on Tuesday. Iteris has a one year low of $3.24 and a one year high of $8.17.

In other news, insider Todd Kreter sold 40,000 shares of the business’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $6.19, for a total value of $247,600.00. Following the completion of the transaction, the insider now owns 43,303 shares in the company, valued at $268,045.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Global Investors Fundamental sold 110,912 shares of the business’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $6.12, for a total value of $678,781.44. The disclosure for this sale can be found here. Insiders sold 420,205 shares of company stock valued at $2,625,620 in the last 90 days. Company insiders own 4.30% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. GSA Capital Partners LLP bought a new stake in shares of Iteris in the third quarter worth $116,000. SG Americas Securities LLC bought a new stake in shares of Iteris in the third quarter worth $120,000. Wells Fargo & Company MN grew its holdings in shares of Iteris by 1,730.8% in the third quarter. Wells Fargo & Company MN now owns 18,308 shares of the technology company’s stock worth $122,000 after acquiring an additional 17,308 shares during the period. Rhumbline Advisers bought a new stake in shares of Iteris in the second quarter worth $136,000. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Iteris in the second quarter worth $137,000. 33.35% of the stock is owned by institutional investors.

ILLEGAL ACTIVITY NOTICE: “Iteris (ITI) Rating Increased to Hold at Zacks Investment Research” was first posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are reading this story on another site, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this story can be read at https://theolympiareport.com/2017/12/07/iteris-iti-rating-increased-to-hold-at-zacks-investment-research.html.

Iteris Company Profile

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.

Receive News & Ratings for Iteris Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Iteris Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.