Brokerages Set i3 Verticals, Inc. (NASDAQ:IIIV) Target Price at $27.14

i3 Verticals, Inc. (NASDAQ:IIIV - Get Free Report) has been given a consensus rating of "Moderate Buy" by the seven brokerages that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $27.14.

A number of analysts recently issued reports on IIIV shares. KeyCorp lowered their target price on i3 Verticals from $28.00 to $27.00 and set an "overweight" rating on the stock in a research report on Monday, August 12th. Stephens reiterated an "overweight" rating and set a $29.00 price objective on shares of i3 Verticals in a research note on Friday, August 16th. Benchmark reissued a "buy" rating and issued a $33.00 price objective on shares of i3 Verticals in a report on Tuesday, September 3rd. DA Davidson restated a "buy" rating and set a $32.00 target price on shares of i3 Verticals in a report on Monday, September 30th. Finally, BMO Capital Markets cut 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 research note on Thursday, October 3rd.

i3 Verticals Stock Down 0.1 %

Shares of i3 Verticals stock traded down $0.03 during trading on Friday, reaching $22.86. The stock had a trading volume of 79,033 shares, compared to its average volume of 224,363. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $765.17 million, a price-to-earnings ratio of 2,286.00 and a beta of 1.54. i3 Verticals has a 52 week low of $17.54 and a 52 week high of $25.51. The stock has a fifty day moving average price of $22.05 and a two-hundred day moving average price of $21.81.

i3 Verticals (NASDAQ:IIIV - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of $0.19 by ($0.31). The business had revenue of $56.04 million during the quarter, compared to the consensus estimate of $96.43 million. i3 Verticals had a positive return on equity of 5.99% and a negative net margin of 0.01%. Sell-side analysts predict that i3 Verticals will post 0.19 EPS for the current fiscal year.

Institutional Trading of i3 Verticals

Several institutional investors have recently added to or reduced their stakes in IIIV. Comerica Bank boosted its holdings in i3 Verticals by 46.0% in the 1st quarter. Comerica Bank now owns 2,133 shares of the company's stock valued at $49,000 after purchasing an additional 672 shares during the period. Select Equity Group L.P. boosted its stake in shares of i3 Verticals by 1.8% in the second quarter. Select Equity Group L.P. now owns 65,730 shares of the company's stock valued at $1,451,000 after buying an additional 1,147 shares during the period. Pitcairn Co. grew its position in i3 Verticals by 14.7% during the first quarter. Pitcairn Co. now owns 13,818 shares of the company's stock worth $316,000 after buying an additional 1,767 shares in the last quarter. Victory Capital Management Inc. increased its stake in i3 Verticals by 4.5% during the 2nd quarter. Victory Capital Management Inc. now owns 45,700 shares of the company's stock worth $1,009,000 after acquiring an additional 1,950 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in i3 Verticals by 11.7% in the 1st quarter. BNP Paribas Financial Markets now owns 19,920 shares of the company's stock valued at $456,000 after acquiring an additional 2,085 shares in the last quarter. 84.22% of the stock is currently owned by institutional investors.

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.