Iteris - ITI Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Iteris in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" ITI shares.
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3 brokerages have issued 12-month price objectives for Iteris' stock. Their ITI share price forecasts range from $3.00 to $35.00. On average, they predict the company's stock price to reach $14.33 in the next twelve months. This suggests a possible upside of 365.4% from the stock's current price.
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Iteris' stock was trading at $4.00 on January 1st, 2022. Since then, ITI stock has decreased by 23.0% and is now trading at $3.08.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 2nd 2023.
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Iteris, Inc. (NASDAQ:ITI) issued its quarterly earnings results on Tuesday, November, 8th. The technology company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.04) by $0.13. The technology company had revenue of $39.26 million for the quarter, compared to the consensus estimate of $36.07 million. Iteris had a negative trailing twelve-month return on equity of 24.14% and a negative net margin of 12.80%.

Iteris updated its FY 2023 earnings guidance on Tuesday, November, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $150.00 million-$155.00 million, compared to the consensus revenue estimate of $148.07 million.

9 employees have rated Iteris Chief Executive Officer Joe Bergera on Glassdoor.com. Joe Bergera has an approval rating of 100% among the company's employees. This puts Joe Bergera in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Iteris investors own include Energy Transfer (ET), Ford Motor (F), Advanced Micro Devices (AMD), Inseego (INSG), Nokia Oyj (NOK), Novavax (NVAX), OPKO Health (OPK), Strongbridge Biopharma (SBBP), CBL & Associates Properties (CBL) and Enphase Energy (ENPH).

Iteris trades on the NASDAQ under the ticker symbol "ITI."

Iteris' stock is owned by many different institutional and retail investors. Top institutional shareholders include Cowen Prime Advisors LLC (7.73%), Samjo Capital LLC (7.29%), Private Management Group Inc. (4.72%), Dimensional Fund Advisors LP (2.40%), BlackRock Inc. (1.77%) and Renaissance Technologies LLC (1.03%). Insiders that own company stock include Douglas L Groves, Gerard Mooney, J Joseph Bergera, Ramin M Massoumi, Santiago Subotovsky, Todd Kreter and Tom Thomas.
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Shares of ITI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ITI stock can currently be purchased for approximately $3.08.

Iteris (NASDAQ:ITI) has a market capitalization of $131.33 million and generates $133.57 million in revenue each year. The technology company earns $-7,080,000.00 in net income (profit) each year or ($0.41) on an earnings per share basis.

The company employs 415 workers across the globe.

Iteris' mailing address is 1700 CARNEGIE AVENUE, SANTA ANA CA, 92705. The official website for the company is www.iteris.com. The technology company can be reached via phone at (512) 716-0808, via email at iti@mkr-group.com, or via fax at 949-270-9401.