i3 Verticals, Inc. (NASDAQ:IIIV) Given Consensus Rating of "Moderate Buy" by Brokerages

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

Several brokerages recently commented on IIIV. BMO Capital Markets boosted their price target on i3 Verticals from $22.00 to $26.00 and gave the stock a "market perform" rating in a research report on Monday, February 10th. Morgan Stanley boosted their price target on i3 Verticals from $22.00 to $27.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 12th. KeyCorp boosted their price target on i3 Verticals from $27.00 to $32.00 and gave the stock an "overweight" rating in a research report on Monday, February 10th. Stephens reiterated an "overweight" rating and set a $29.00 price target on shares of i3 Verticals in a research report on Tuesday, November 19th. Finally, DA Davidson boosted their price target on i3 Verticals from $32.00 to $34.00 and gave the stock a "buy" rating in a research report on Monday, February 10th.

Hedge Funds Weigh In On i3 Verticals

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Royce & Associates LP boosted its stake in i3 Verticals by 11.1% during the third quarter. Royce & Associates LP now owns 488,840 shares of the company's stock worth $10,417,000 after buying an additional 48,840 shares during the last quarter. Barclays PLC boosted its stake in i3 Verticals by 112.3% during the third quarter. Barclays PLC now owns 41,036 shares of the company's stock worth $873,000 after buying an additional 21,709 shares during the last quarter. TimesSquare Capital Management LLC acquired a new position in shares of i3 Verticals in the 3rd quarter valued at $11,373,000. State Street Corp lifted its stake in shares of i3 Verticals by 0.5% in the 3rd quarter. State Street Corp now owns 495,943 shares of the company's stock valued at $10,569,000 after purchasing an additional 2,664 shares during the last quarter. Finally, Long Path Partners LP lifted its stake in shares of i3 Verticals by 61.5% in the 3rd quarter. Long Path Partners LP now owns 933,098 shares of the company's stock valued at $19,884,000 after purchasing an additional 355,392 shares during the last quarter. Institutional investors and hedge funds own 84.22% of the company's stock.

i3 Verticals Stock Up 0.6 %

Shares of i3 Verticals stock traded up $0.16 on Thursday, reaching $25.93. The company's stock had a trading volume of 163,993 shares, compared to its average volume of 263,536. The company has a market capitalization of $857.61 million, a P/E ratio of 5.78 and a beta of 1.51. i3 Verticals has a 52-week low of $18.75 and a 52-week high of $29.80. The stock has a 50-day moving average price of $25.35 and a 200-day moving average price of $23.71.

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

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.