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

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

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

Institutional Trading of i3 Verticals

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IIIV. Victory Capital Management Inc. grew its position in shares of i3 Verticals by 6.1% during the 3rd quarter. Victory Capital Management Inc. now owns 48,500 shares of the company's stock worth $1,034,000 after buying an additional 2,800 shares during the period. Long Path Partners LP raised its position in shares of i3 Verticals by 61.5% during the 3rd quarter. Long Path Partners LP now owns 933,098 shares of the company's stock valued at $19,884,000 after acquiring an additional 355,392 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of i3 Verticals during the 3rd quarter valued at $109,000. Atom Investors LP bought a new position in shares of i3 Verticals in the 3rd quarter worth $218,000. Finally, Portolan Capital Management LLC boosted its position in shares of i3 Verticals by 3.8% in the 3rd quarter. Portolan Capital Management LLC now owns 653,072 shares of the company's stock worth $13,917,000 after purchasing an additional 23,921 shares during the last quarter. 84.22% of the stock is currently owned by institutional investors and hedge funds.

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i3 Verticals Trading Up 0.6 %

i3 Verticals stock traded up $0.15 on Monday, reaching $25.37. 175,731 shares of the stock were exchanged, compared to its average volume of 217,166. i3 Verticals has a twelve month low of $18.75 and a twelve month high of $29.80. The firm has a fifty day moving average price of $25.71 and a two-hundred day moving average price of $24.06. The stock has a market cap of $839.09 million, a PE ratio of 5.65 and a beta of 1.52.

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 the consensus estimate of $0.28 by ($0.05). i3 Verticals had a net margin of 41.85% and a return on equity of 3.36%. Equities 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.