i3 Verticals (NASDAQ:IIIV) Announces Earnings Results

i3 Verticals (NASDAQ:IIIV - Get Free Report) issued its earnings results on Thursday. The company reported $0.23 earnings per share for the quarter, missing analysts' consensus estimates of $0.28 by ($0.05), Zacks reports. i3 Verticals had a net margin of 41.85% and a return on equity of 3.59%. i3 Verticals updated its FY 2025 guidance to 1.050-1.250 EPS.

i3 Verticals Stock Up 3.5 %

Shares of NASDAQ:IIIV traded up $1.00 on Monday, reaching $29.22. The company had a trading volume of 461,489 shares, compared to its average volume of 285,696. The stock has a market capitalization of $980.04 million, a P/E ratio of 6.51 and a beta of 1.51. The stock has a 50-day moving average price of $24.06 and a 200 day moving average price of $23.29. i3 Verticals has a twelve month low of $18.21 and a twelve month high of $29.80.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on IIIV. KeyCorp upped their price objective on shares of i3 Verticals from $27.00 to $32.00 and gave the company an "overweight" rating in a research note on Monday. BMO Capital Markets upped 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 note on Monday. Stephens reissued an "overweight" rating and set a $29.00 price objective on shares of i3 Verticals in a research report on Tuesday, November 19th. DA Davidson upped their target price on i3 Verticals from $32.00 to $34.00 and gave the stock a "buy" rating in a research report on Monday. Finally, Benchmark reaffirmed a "buy" rating and set a $33.00 price target on shares of i3 Verticals in a research note on Tuesday, November 19th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, i3 Verticals presently has a consensus rating of "Moderate Buy" and an average price target of $28.86.

Insider Activity

In other i3 Verticals news, President Frederick Stanford sold 17,577 shares of the company's stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $25.28, for a total transaction of $444,346.56. Following the completion of the sale, the president now directly owns 100,000 shares in the company, valued at $2,528,000. This represents a 14.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 59.07% of the stock is currently owned by insiders.

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.