Bard Associates Inc. Acquires New Stake in Iteris Inc (NASDAQ:ITI)

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Bard Associates Inc. acquired a new stake in Iteris Inc (NASDAQ:ITI) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 40,000 shares of the technology company’s stock, valued at approximately $207,000. Bard Associates Inc. owned about 0.10% of Iteris as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ITI. B. Riley Financial Inc. increased its stake in shares of Iteris by 1,006.0% in the 1st quarter. B. Riley Financial Inc. now owns 1,004,034 shares of the technology company’s stock worth $4,187,000 after acquiring an additional 913,250 shares during the last quarter. Ardsley Advisory Partners LP acquired a new stake in shares of Iteris in the 2nd quarter worth $2,973,000. Cowen Prime Services LLC increased its stake in shares of Iteris by 15.9% in the 2nd quarter. Cowen Prime Services LLC now owns 1,618,028 shares of the technology company’s stock worth $8,365,000 after acquiring an additional 221,786 shares during the last quarter. BlackRock Inc. increased its stake in shares of Iteris by 9.9% in the 2nd quarter. BlackRock Inc. now owns 2,092,727 shares of the technology company’s stock worth $10,819,000 after acquiring an additional 187,769 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Iteris by 22.4% in the 2nd quarter. Renaissance Technologies LLC now owns 759,400 shares of the technology company’s stock worth $3,926,000 after acquiring an additional 139,200 shares during the last quarter. 44.98% of the stock is owned by hedge funds and other institutional investors.

Shares of Iteris stock opened at $6.21 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.46 and a current ratio of 2.55. The business has a 50-day moving average of $5.27 and a 200 day moving average of $4.88. Iteris Inc has a 12 month low of $3.24 and a 12 month high of $6.31.

Iteris (NASDAQ:ITI) last posted its quarterly earnings results on Tuesday, August 6th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.05). The company had revenue of $26.61 million for the quarter, compared to analyst estimates of $26.66 million. Iteris had a negative return on equity of 11.35% and a negative net margin of 7.79%. Research analysts predict that Iteris Inc will post -0.09 EPS for the current year.

A number of equities analysts have recently weighed in on ITI shares. Dougherty & Co started coverage on Iteris in a report on Tuesday, August 27th. They set a “buy” rating and a $6.50 price target for the company. TheStreet upgraded Iteris from a “d+” rating to a “c-” rating in a report on Wednesday, August 28th. Northland Securities restated a “buy” rating and set a $9.00 target price on shares of Iteris in a report on Monday, June 24th. Zacks Investment Research cut Iteris from a “hold” rating to a “sell” rating in a report on Friday. Finally, ValuEngine upgraded Iteris from a “buy” rating to a “strong-buy” rating in a report on Friday, August 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Iteris has an average rating of “Buy” and an average target price of $7.38.

Iteris Company Profile

Iteris, Inc provides intelligent transportation systems technology solutions worldwide. The company’s Roadway Sensors segment provides vehicle detection sensors and systems for traffic intersection management, communication systems, and roadway traffic data collection applications. Its products include Vantage detection system to detect vehicle presence at intersections, as well as vehicle count, speed, and other traffic data; Vantage Vector video/radar hybrid product, an vehicle detection sensor; and VantageLive!, a cloud-based platform; and Vantage systems equipped with smartcycle capability to differentiate between bicycles and other vehicles with a single video detection camera.

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Institutional Ownership by Quarter for Iteris (NASDAQ:ITI)

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