Iteris Receives a Buy from Northland Securities

By Austin Angelo

In a report released today, Michael Latimore from Northland Securities reiterated a Buy rating on Iteris (NYSE MKT: ITI), with a price target of $8.50. The company’s shares closed on Friday at $5.83.

According to TipRanks.com, Latimore is a 3-star analyst with an average return of 1.1% and a 50.5% success rate. Latimore covers the Technology sector, focusing on stocks such as Great Elm Capital Group Inc, Interactive Intelligence, and Nuance Communications.

Currently, the analyst consensus on Iteris is Moderate Buy and the average price target is $8.75, representing a 50.1% upside.

In a report issued on November 8, B.Riley FBR also maintained a Buy rating on the stock with a $9 price target.

The company has a one-year high of $8.17 and a one-year low of $3.20. Currently, Iteris has an average volume of 153.1K.

Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is negative on the stock. Most recently, in September 2017, Todd Kreter, the SVP of ITI sold 40,000 shares for a total of $247,263.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Iteris, Inc. engages in providing intelligent information solutions for both the traffic management and global agribusiness markets. It operates through the following segments: Roadway Sensors; Transportation Systems; and Agriculture and Weather Analytics.