Iteris, Inc. (ITI) Given a $9.00 Price Target at Northland Securities

Northland Securities set a $9.00 price target on Iteris, Inc. (NASDAQ:ITI) in a report released on Monday. The brokerage currently has a buy rating on the technology company’s stock.

Separately, Dougherty & Co reaffirmed a buy rating on shares of Iteris in a research note on Thursday, August 17th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $8.50.

Iteris (ITI) traded up $0.02 during trading on Monday, hitting $5.85. The stock had a trading volume of 108,800 shares, compared to its average volume of 147,164. Iteris has a one year low of $3.20 and a one year high of $8.17.

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A hedge fund recently bought a new stake in Iteris stock. B. Riley Financial Inc. purchased a new position in shares of Iteris, Inc. (NASDAQ:ITI) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 203,486 shares of the technology company’s stock, valued at approximately $1,371,000. B. Riley Financial Inc. owned approximately 0.62% of Iteris as of its most recent filing with the SEC. 32.56% of the stock is currently owned by institutional investors.

About Iteris

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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