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

Shares of i3 Verticals, Inc. (NASDAQ:IIIV - Get Free Report) have received a consensus rating of "Moderate Buy" from the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two 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 price objective among brokerages that have covered the stock in the last year is $27.14.

A number of analysts recently weighed in on the stock. BMO Capital Markets lowered their price target on shares of i3 Verticals from $23.00 to $21.00 and set a "market perform" rating for the company in a report on Thursday, October 3rd. Benchmark reissued a "buy" rating and issued a $33.00 target price on shares of i3 Verticals in a research note on Tuesday, November 19th. 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. Finally, DA Davidson reiterated a "buy" rating and issued a $32.00 price target on shares of i3 Verticals in a report on Monday, September 30th.

i3 Verticals Stock Down 4.3 %

NASDAQ:IIIV traded down $1.01 during mid-day trading on Friday, reaching $22.45. 186,411 shares of the company were exchanged, compared to its average volume of 223,115. The stock has a market cap of $752.97 million, a PE ratio of 5.04 and a beta of 1.49. i3 Verticals has a 12 month low of $17.54 and a 12 month high of $26.66. The company has a fifty day moving average of $23.70 and a 200 day moving average of $22.42.

Insiders Place Their Bets

In other news, President Frederick Stanford sold 17,577 shares of the business's stock in a transaction 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 completion of the transaction, the president now owns 100,000 shares of the company's stock, valued at $2,528,000. The trade was a 14.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 34.00% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Comerica Bank boosted its holdings in shares of i3 Verticals by 46.0% in the first quarter. Comerica Bank now owns 2,133 shares of the company's stock valued at $49,000 after buying an additional 672 shares during the period. Quantbot Technologies LP acquired a new stake in shares of i3 Verticals in the 3rd quarter valued at about $109,000. SG Americas Securities LLC acquired a new stake in shares of i3 Verticals in the 2nd quarter valued at about $116,000. Atom Investors LP bought a new stake in shares of i3 Verticals in the third quarter valued at about $218,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of i3 Verticals during the second quarter worth about $292,000. 84.22% of the stock is owned by institutional investors and hedge funds.

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.