Iteris Inc (ITI) Major Shareholder Neil S. Subin Sells 99,141 Shares
Iteris Inc (NASDAQ:ITI) major shareholder Neil S. Subin sold 99,141 shares of the business’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $7.54, for a total transaction of $747,523.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Iteris Inc (ITI) traded up $0.03 during trading on Friday, hitting $7.49. 172,417 shares of the stock were exchanged, compared to its average volume of 227,436. Iteris Inc has a fifty-two week low of $4.40 and a fifty-two week high of $8.17. The stock has a market capitalization of $244.59, a price-to-earnings ratio of -41.61 and a beta of -0.46.
Iteris (NASDAQ:ITI) last released its earnings results on Tuesday, November 7th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.02). Iteris had a negative return on equity of 10.73% and a negative net margin of 6.18%. sell-side analysts anticipate that Iteris Inc will post -0.11 earnings per share for the current fiscal year.
ITI has been the subject of several recent analyst reports. Zacks Investment Research lowered shares of Iteris from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. B. Riley reaffirmed a “buy” rating and set a $9.00 target price on shares of Iteris in a report on Wednesday, November 8th. Finally, Northland Securities set a $9.00 target price on shares of Iteris and gave the stock a “buy” rating in a report on Monday, November 13th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $8.31.
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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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