Insider Selling: Iteris, Inc. (NASDAQ:ITI) SVP Sells 2,804 Shares of Stock

Iteris, Inc. (NASDAQ:ITI - Get Free Report) SVP William M. Cousins sold 2,804 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $4.91, for a total value of $13,767.64. Following the transaction, the senior vice president now directly owns 6,571 shares in the company, valued at approximately $32,263.61. The transaction was disclosed in a filing with the SEC, which is available at this link.

Iteris Stock Performance

ITI stock traded down $0.12 during trading on Thursday, reaching $4.35. 114,581 shares of the company traded hands, compared to its average volume of 124,303. Iteris, Inc. has a 12 month low of $3.72 and a 12 month high of $5.49. The business has a 50 day simple moving average of $4.86 and a 200 day simple moving average of $4.70. The company has a market capitalization of $186.66 million, a price-to-earnings ratio of 72.50 and a beta of 0.67.

Iteris (NASDAQ:ITI - Get Free Report) last issued its quarterly earnings data on Thursday, February 8th. The technology company reported $0.01 earnings per share for the quarter, meeting analysts' consensus estimates of $0.01. The company had revenue of $42.13 million for the quarter, compared to the consensus estimate of $41.39 million. Iteris had a return on equity of 3.76% and a net margin of 1.45%. As a group, research analysts forecast that Iteris, Inc. will post 0.1 EPS for the current year.

Institutional Investors Weigh In On Iteris

Institutional investors have recently added to or reduced their stakes in the business. TIAA Trust National Association purchased a new position in shares of Iteris in the third quarter worth about $1,032,000. Whittier Trust Co. raised its stake in shares of Iteris by 9.3% in the third quarter. Whittier Trust Co. now owns 44,602 shares of the technology company's stock worth $185,000 after purchasing an additional 3,794 shares during the last quarter. Worth Venture Partners LLC raised its stake in shares of Iteris by 19.1% in the third quarter. Worth Venture Partners LLC now owns 282,266 shares of the technology company's stock worth $1,169,000 after purchasing an additional 45,244 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Iteris by 47.0% in the fourth quarter. SG Americas Securities LLC now owns 18,439 shares of the technology company's stock worth $96,000 after purchasing an additional 5,897 shares during the last quarter. Finally, Strs Ohio purchased a new position in shares of Iteris in the third quarter worth about $390,000. Institutional investors and hedge funds own 51.16% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on ITI shares. StockNews.com downgraded Iteris from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 19th. B. Riley raised their price objective on Iteris from $6.00 to $8.50 and gave the company a "buy" rating in a research report on Friday, February 9th.

About Iteris

Iteris, Inc provides intelligent transportation systems technology solutions in North America, Europe, South America, and Asia. The company offers smart mobility infrastructure solutions include traveler information systems, transportation performance measurement software, traffic analytics software, transportation operations software, transportation-related data sets, advanced sensing devices, managed services, traffic engineering services, and mobility consulting services.