i3 Verticals, Inc. (NASDAQ:IIIV) Receives Consensus Rating of "Moderate Buy" from Analysts

i3 Verticals, Inc. (NASDAQ:IIIV - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the seven analysts that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $29.86.

Several equities research analysts have recently commented on IIIV shares. KeyCorp lifted their target price on i3 Verticals from $27.00 to $32.00 and gave the company an "overweight" rating in a research note on Monday, February 10th. DA Davidson boosted their price objective on i3 Verticals from $32.00 to $34.00 and gave the stock a "buy" rating in a report on Monday, February 10th. BMO Capital Markets upped their target price on shares of i3 Verticals from $22.00 to $26.00 and gave the company a "market perform" rating in a research report on Monday, February 10th. Finally, Morgan Stanley lifted their price target on shares of i3 Verticals from $22.00 to $27.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 12th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of IIIV. AltraVue Capital LLC acquired a new position in shares of i3 Verticals in the 4th quarter valued at $20,993,000. Forager Capital Management LLC bought a new position in i3 Verticals during the fourth quarter worth about $17,626,000. Raymond James Financial Inc. acquired a new position in i3 Verticals in the fourth quarter valued at about $13,313,000. Harbor Capital Advisors Inc. bought a new stake in shares of i3 Verticals in the first quarter worth about $6,711,000. Finally, Legato Capital Management LLC acquired a new stake in shares of i3 Verticals during the fourth quarter worth about $4,233,000. Institutional investors own 84.22% of the company's stock.

i3 Verticals Trading Up 0.2 %

Shares of i3 Verticals stock traded up $0.05 during trading on Friday, reaching $25.42. The company's stock had a trading volume of 153,408 shares, compared to its average volume of 228,897. The stock has a 50-day moving average price of $25.06 and a two-hundred day moving average price of $24.46. The stock has a market capitalization of $840.74 million, a P/E ratio of 5.66 and a beta of 1.36. i3 Verticals has a one year low of $18.75 and a one year high of $29.80.

i3 Verticals (NASDAQ:IIIV - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $0.23 earnings per share for the quarter, missing analysts' consensus estimates of $0.28 by ($0.05). i3 Verticals had a return on equity of 3.36% and a net margin of 41.85%. As a group, sell-side analysts anticipate that i3 Verticals will post 0.9 EPS for the current fiscal year.

About i3 Verticals

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.