EF Hutton Maintains Buy on Iteris, Maintains $7 Price Target
$ITI
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EF Hutton analyst Tim Moore maintains Iteris (NASDAQ:ITI) with a Buy and maintains $7 price target.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/30/2024 | $11.00 | Buy | Maxim Group |
| 2/4/2022 | $6.00 → $4.50 | Buy → Hold | Craig-Hallum |
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More Than 98% of Votes Cast at Special Meeting Voted for Transaction Iteris, Inc. (NASDAQ:ITI) ("Iteris" or the "Company"), the world's trusted technology ecosystem for smart mobility infrastructure management, today announced that Iteris stockholders approved the proposed merger agreement with Almaviva S.p.A. ("Almaviva") at Iteris' Special Meeting of Stockholders held yesterday. As previously announced, under the terms of the merger agreement, Almaviva will acquire Iteris in an all-cash transaction in which Iteris' stockholders will receive $7.20 per share of common stock, valuing Iteris at approximately $335 million equity value. The parties anticipate the transaction will close on or
Iteris Shareholders to Receive $7.20 Per Share in Cash, Representing Significant Premium of 68% 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 cash for each share of Iteris common stock. Iteris is a global leader in smart mobility infrastructure management with over 10,000 p
Record trailing six-month net bookings of $102.1 million and record ending backlog of $126.8 million 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 of March 31, 2024, up 2.4% year over year Gross profit of $17.3 million, or 37.9% of revenue, compared to $16.8 mill
Record trailing six-month net bookings of $102.1 million and record ending backlog of $126.8 million 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 of March 31, 2024, up 2.4% year over year Gross profit of $17.3 million, or 37.9% of revenue, compared to $16.8 mill
Iteris, Inc. (NASDAQ:ITI), the world's trusted technology ecosystem for smart mobility infrastructure management, today announced that it will conduct a conference call on Thursday, August 8th at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss its financial results for the fiscal first quarter ended June 30, 2024. The financial results will be issued in a press release prior to the call. Iteris president and CEO Joe Bergera and CFO Kerry Shiba will host the call, followed by a question and answer period. Date: Thursday, August 8, 2024 Time: 4:30 p.m. Eastern time (1:30 p.m. Pacific time) Toll-free dial-in number: +1 800-715-9871 International dial-in number: +1 646-307-1963 P
Reports record net new bookings of $53.3 million for fiscal 2024 fourth quarter, up 20% year over year Iteris, Inc. (NASDAQ:ITI), the global leader in smart mobility infrastructure management, today reported financial results for its fiscal fourth quarter and full year ended March 31, 2024. Fiscal 2024 Fourth Quarter Financial Highlights Revenues of $42.8 million, up 1% compared to an unusually strong prior year period Gross margins of 37.4%, up 558 basis points year over year Record net new bookings of $53.3 million, up 20% year over year Backlog of $123.8 million as of March 31, 2024, up 8% year over year GAAP net income of $0.1 million, or $0.00 per diluted share, a $0
Iteris will provide managed services that support 511 traveler information operations region-wideIteris, Inc. (NASDAQ:ITI), the world's trusted technology ecosystem for smart mobility infrastructure management, today announced the Metropolitan Transportation Commission (MTC) has awarded Iteris a $3.75 million contract for ongoing operational support in the San Francisco Bay Area.
With U.S. stock futures trading slightly higher this morning on Monday, some of the stocks that may grab investor focus today are as follows: Wall Street expects Enerpac Tool Group Corp. (NYSE:EPAC) to report quarterly earnings at 47 cents per share on revenue of $153.20 million after the closing bell. Enerpac Tool Group shares gained 1.9% to $39.22 in after-hours trading. Singular Genomics Systems, Inc. (NASDAQ:OMIC) reported a 1-for-30 reverse stock split. Singular Genomics shares fell 9.3% to $0.3180 in the after-hours trading session. Analysts are expecting Beyond Air, Inc. (NASDAQ:XAIR) to post a quarterly loss at $0.48 per share on revenue of $747.20 thousand. The company wil
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Experience in infrastructure and technology will enhance the company's strategic planning and capital allocation Iteris, Inc. (NASDAQ:ITI), the world's trusted technology ecosystem for smart mobility infrastructure management, today announced that Gary Hall, partner and president of infrastructure & public finance for Siebert Williams Shank & Company, and Kimberly Valentine-Poska, managing director at Global Capital Markets, Inc., have been appointed to its board of directors. Mr. Hall has an extensive background in infrastructure, public finance and regulatory work and is currently a partner and president of infrastructure & public finance for Siebert Williams Shank & Company, the nati
SANTA ANA, Calif.--(BUSINESS WIRE)--Iteris, Inc. (NASDAQ: ITI), the global leader in smart mobility infrastructure management, today announced that it has granted inducement awards to 17 new non-executive employees, who joined the company as a result of the recent TrafficCast International, Inc. acquisition. The awards were made on January 1, 2021 under Iteris’ 2020 Employment Inducement Incentive Award Plan, which provides for the granting of equity awards to new employees of Iteris as an inducement to join the company. The inducement awards to the 17 new non-executive employees consist of options to purchase an aggregate of 95,000 shares of Iteris common stock and 68,156 restrict
Maxim Group initiated coverage of Iteris Holdings with a rating of Buy and set a new price target of $11.00
Craig-Hallum downgraded Iteris from Buy to Hold and set a new price target of $4.50 from $6.00 previously