Iteris
ITI

$7.09

0.14%

Market Cap: $303M

About: Iteris Inc is a provider of smart mobility infrastructure management solutions. Its 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. The company's cloud-enabled end-to-end solutions help public transportation agencies, municipalities, commercial entities and other transportation infrastructure providers monitor, visualize, and optimize mobility infrastructure to make mobility safe, efficient,and sustainable for everyone. The software solutions include ClearGuide, ClearRoute, Commercial Vehicle Operations, BlueArgus, TrafficCarma,and others.

Employees: 472

Communication Services Communications Equipment

0

Funds holding %

of 6,686 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

60% more repeat investments, than reductions

Existing positions increased: 40 | Existing positions reduced: 25

15% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 13

2% more funds holding

Funds holding: 98 [Q1] → 100 (+2) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 2 [Q1] → 2 (+0) [Q2]

0.56% less ownership

Funds ownership: 50.83% [Q1] → 50.27% (-0.56%) [Q2]

13% less capital invested

Capital invested by funds: $108M [Q1] → $93.6M (-$14.2M) [Q2]

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Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$7

1%

downside

Avg. target

$7.10

0%

upside

High target

$7.20

2%

upside

2 analyst ratings

1 positive

50%

1 neutral

50%

0 negative

0%

B. Riley Securities Jeff Van Sinderen 36% 1-year accuracy 8 / 22 met price target	2%upside $7.20	Neutral Downgraded	21 Aug 2024
EF Hutton Tim Moore 26% 1-year accuracy 14 / 53 met price target	1%downside $7	Buy Maintained	14 Jun 2024

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Financial journalist opinion

Based on 8 articles about ITI published over the past 30 days

SHAREHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Merger of Iteris, Inc. – ITI

NEW YORK, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Iteris, Inc. (Nasdaq : ITI ), relating to its proposed merger with Almaviva S.p.A. Under the terms of the agreement, Iteris shares will automatically be converted into the right to receive $7.20 in cash.

SHAREHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Merger of Iteris, Inc. – ITI

SHAREHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Merger of Iteris, Inc. - ITI

NEW YORK , Sept. 4, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report.

SHAREHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Merger of Iteris, Inc. - ITI

ITERIS INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Iteris, Inc. - ITI

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Iteris, Inc. (NasdaqCM: ITI) to Almaviva S.p.A. Under the terms of the proposed transaction, shareholders of Iteris will receive $7.20 in cash for each share of Iteris that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration.

ITERIS INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Iteris, Inc. - ITI

Iteris, Inc. (ITI) Q1 2025 Earnings Call Transcript

Iteris, Inc. (NASDAQ:ITI ) Q1 2025 Results Conference Call August 8, 2024 4:30 PM ET Company Participants Jim Byers - MKR Investor Relations Joe Bergera - President and CEO Kerry Shiba - Chief Financial Officer Conference Call Participants Jeff Van Sinderen - B. Riley Alex Latimore - Northland Capital Markets Derek Greenberg - Maxim Group Operator Good day and welcome to Iteris' Fiscal First Quarter 2025 Conference Call.

Iteris, Inc. (ITI) Q1 2025 Earnings Call Transcript

Shareholder Alert: Ademi LLP investigates whether Iteris, Inc. has obtained a Fair Price for its Public Shareholders

MILWAUKEE , Aug. 9, 2024 /PRNewswire/ -- Ademi LLP is investigating Iteris (NASDAQ: ITI) for possible breaches of fiduciary duty and other violations of law in its transaction with Almaviva. Click here to learn how to join our investigation https://www.ademilaw.com/case/iteris-inc or call Guri Ademi toll-free at 866-264-3995.

Shareholder Alert: Ademi LLP investigates whether Iteris, Inc. has obtained a Fair Price for its Public Shareholders

Why Is Iteris (ITI) Stock Up 64% Today?

Iteris (NASDAQ: ITI ) stock is soaring higher on Friday after the intelligent transportation systems technology solutions company announced a new acquisition deal. This will see Iteris be acquired by the private digital innovation group Almaviva.

Why Is Iteris (ITI) Stock Up 64% Today?

Iteris to Be Acquired by Almaviva for $335 Million

AUSTIN, Texas--(BUSINESS WIRE)--Iteris, Inc. (NASDAQ: ITI) (“Iteris” or the “Company”), the world's trusted technology ecosystem for smart mobility infrastructure management, today announced that it has entered into a definitive merger agreement to be acquired by Almaviva S.p.A. (“Almaviva”), a private Italian digital innovation group, in an all-cash transaction valuing Iteris at approximately $335 million equity value. Under the terms of the agreement, Iteris shareholders will receive $7.20 in.

Iteris to Be Acquired by Almaviva for $335 Million

Zacks Investment Research

Iteris (ITI) Beats Q1 Earnings and Revenue Estimates

Iteris (ITI) came out with quarterly earnings of $0.06 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.05 per share a year ago.

Iteris (ITI) Beats Q1 Earnings and Revenue Estimates

Iteris Reports Record Quarterly Revenue of $45.8 Million

AUSTIN, Texas--(BUSINESS WIRE)---- $ITI #IoT--Iteris, Inc. (NASDAQ: ITI), the global leader in smart mobility infrastructure management, today reported financial results for its fiscal first quarter ended June 30, 2024. Fiscal 2025 First Quarter Financial Highlights Revenues of $45.8 million, up 5.1% year over year compared to an unusually strong prior year period Net new bookings of $48.8 million, resulting in record trailing six months net new bookings of $102.1 million Record Backlog of $126.8 million as.

Iteris Reports Record Quarterly Revenue of $45.8 Million

Iteris Chosen by City of Lakeland for Smart Mobility and Safety Initiative

TAMPA, Fla.--(BUSINESS WIRE)---- $ITI #IoT--Iteris was selected by the City of Lakeland, Florida to provide smart mobility infrastructure management technologies to the city.

Iteris Chosen by City of Lakeland for Smart Mobility and Safety Initiative

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