Neil S. Subin Sells 113,523 Shares of Iteris Inc (ITI) Stock
Iteris Inc (NASDAQ:ITI) major shareholder Neil S. Subin sold 113,523 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $6.07, for a total transaction of $689,084.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Shares of Iteris Inc (ITI) opened at $5.42 on Wednesday. The stock has a market cap of $183.28, a price-to-earnings ratio of -41.69 and a beta of -0.45. Iteris Inc has a twelve month low of $4.60 and a twelve month high of $8.17.
ITI has been the topic of several recent analyst reports. B. Riley reaffirmed a “buy” rating and issued a $9.00 price target on shares of Iteris in a report on Wednesday, November 8th. Northland Securities set a $9.00 price target on shares of Iteris and gave the company a “buy” rating in a report on Monday, November 13th. Zacks Investment Research raised shares of Iteris from a “sell” rating to a “hold” rating in a report on Tuesday, December 5th. Finally, JMP Securities initiated coverage on shares of Iteris in a report on Thursday, January 25th. They issued an “outperform” rating and a $10.50 price target on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $8.75.
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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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