Itron, Inc. (NASDAQ:ITRI) Short Interest Update

Itron, Inc. (NASDAQ:ITRI) saw a significant growth in short interest in February. As of February 27th, there was short interest totaling 4,876,942 shares, a growth of 42.7% from the February 12th total of 3,417,203 shares. Based on an average daily trading volume, of 1,984,545 shares, the days-to-cover ratio is currently 2.5 days. Approximately 11.0% of the shares of the company are sold short. Approximately 11.0% of the shares of the company are sold short. Based on an average daily trading volume, of 1,984,545 shares, the days-to-cover ratio is currently 2.5 days.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on ITRI shares. Johnson Rice raised Itron from an “accumulate” rating to a “buy” rating and set a $130.00 target price on the stock in a report on Monday, January 5th. Zacks Research raised shares of Itron from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 26th. Robert W. Baird set a $128.00 price objective on shares of Itron and gave the stock an “outperform” rating in a research note on Wednesday, February 18th. Wall Street Zen cut shares of Itron from a “buy” rating to a “hold” rating in a research report on Wednesday, January 14th. Finally, Oppenheimer upped their price target on shares of Itron from $125.00 to $133.00 and gave the stock an “outperform” rating in a report on Wednesday, February 18th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $137.10.

Itron Price Performance

NASDAQ:ITRI traded down $0.62 during trading hours on Friday, hitting $90.00. The company’s stock had a trading volume of 539,878 shares, compared to its average volume of 1,521,300. Itron has a twelve month low of $88.57 and a twelve month high of $142.00. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.80 and a quick ratio of 1.56. The stock has a fifty day simple moving average of $97.33 and a 200-day simple moving average of $106.83. The company has a market capitalization of $4.04 billion, a P/E ratio of 13.82, a PEG ratio of 0.79 and a beta of 1.44.

Itron (NASDAQ:ITRI) last issued its earnings results on Tuesday, February 17th. The scientific and technical instruments company reported $2.46 EPS for the quarter, topping the consensus estimate of $2.19 by $0.27. Itron had a return on equity of 20.04% and a net margin of 12.72%.The firm had revenue of $571.66 million during the quarter, compared to the consensus estimate of $561.31 million. During the same quarter in the previous year, the firm earned $1.35 earnings per share. The business’s quarterly revenue was down 6.7% on a year-over-year basis. Itron has set its Q1 2026 guidance at 1.200-1.300 EPS and its FY 2026 guidance at 5.750-6.250 EPS. On average, analysts anticipate that Itron will post 5.33 EPS for the current fiscal year.

Insider Buying and Selling

In other Itron news, SVP Laurie Ann Pulatie-Hahn sold 729 shares of Itron stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $100.17, for a total value of $73,023.93. Following the completion of the sale, the senior vice president owned 32,950 shares in the company, valued at $3,300,601.50. The trade was a 2.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Joan S. Hooper sold 3,533 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $95.92, for a total value of $338,885.36. Following the completion of the sale, the chief financial officer owned 118,275 shares of the company’s stock, valued at approximately $11,344,938. This trade represents a 2.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 51,180 shares of company stock valued at $5,085,475 in the last 90 days. 1.45% of the stock is currently owned by corporate insiders.

Institutional Trading of Itron

Hedge funds have recently added to or reduced their stakes in the stock. Private Trust Co. NA boosted its holdings in Itron by 112.4% in the fourth quarter. Private Trust Co. NA now owns 274 shares of the scientific and technical instruments company’s stock valued at $25,000 after acquiring an additional 145 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in Itron during the 2nd quarter worth approximately $30,000. Employees Retirement System of Texas acquired a new position in shares of Itron in the 3rd quarter worth approximately $32,000. Optiver Holding B.V. bought a new stake in shares of Itron in the 3rd quarter valued at $36,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Itron by 29.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 443 shares of the scientific and technical instruments company’s stock valued at $41,000 after purchasing an additional 101 shares during the last quarter. Institutional investors and hedge funds own 96.19% of the company’s stock.

About Itron

Itron, Inc (NASDAQ: ITRI) is a global technology company that develops innovative solutions to measure, manage and analyze the use of energy and water. Its comprehensive portfolio includes smart meters, data collection devices, communication networks and advanced software applications designed to optimize utility operations and foster sustainable resource management. The company’s offerings enable utilities and cities to accurately monitor consumption patterns, streamline billing processes and improve grid reliability.

Itron’s product lineup spans a range of hardware and software solutions, from residential and commercial smart meters to meter data management systems (MDMS), networked communication platforms and analytics tools.