i3 Verticals (IIIV) Expected to Announce Quarterly Earnings on Thursday

i3 Verticals (NASDAQ:IIIV - Get Free Report) is expected to be posting its quarterly earnings results after the market closes on Thursday, February 6th. Analysts expect i3 Verticals to post earnings of $0.28 per share and revenue of $58.79 million for the quarter. Investors interested in participating in the company's conference call can do so using this link.

i3 Verticals Stock Down 1.4 %

IIIV traded down $0.36 during trading hours on Thursday, hitting $25.15. The stock had a trading volume of 153,783 shares, compared to its average volume of 285,761. i3 Verticals has a 1 year low of $17.54 and a 1 year high of $26.66. The company's fifty day simple moving average is $23.77 and its 200 day simple moving average is $23.15. The stock has a market cap of $843.43 million, a PE ratio of 5.65 and a beta of 1.49.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on IIIV shares. BMO Capital Markets reduced their target price on shares of i3 Verticals from $23.00 to $21.00 and set a "market perform" rating for the company in a research note on Thursday, October 3rd. Benchmark reissued a "buy" rating and set a $33.00 target price on shares of i3 Verticals in a report on Tuesday, November 19th. Finally, Stephens restated an "overweight" rating and set a $29.00 target price on shares of i3 Verticals in a research report on Tuesday, November 19th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $27.14.

Insider Transactions at i3 Verticals

In related news, President Frederick Stanford sold 17,577 shares of the company's stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $25.28, for a total value of $444,346.56. Following the transaction, the president now directly owns 100,000 shares in the company, valued at approximately $2,528,000. This represents a 14.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 59.07% of the company's stock.

i3 Verticals Company Profile

i3 Verticals, Inc provides integrated payment and software solutions primarily to the public sector and healthcare markets in the United States. It operates in two segments, Software and Services, and Merchant Services. The company offers payment processing services that enables upper and lower court case management, collections, finance and accounting, motor vehicle and carrier registration, e-filing and taxation, license plate inventory, property tax management, utility billing, professional licensing, document workflow, and law enforcement software; assists public schools in completing payment processing functions, including accepting payments for online or at school lunches, and school activities.