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

Shares of i3 Verticals, Inc. (NASDAQ:IIIV) have earned an average rating of “Moderate Buy” from the seven brokerages that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $29.86.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of IIIV. Johnson Financial Group Inc. bought a new stake in shares of i3 Verticals during the fourth quarter valued at approximately $72,000. KLP Kapitalforvaltning AS acquired a new stake in i3 Verticals in the 4th quarter valued at approximately $99,000. Quantbot Technologies LP bought a new stake in i3 Verticals during the 3rd quarter valued at $109,000. CIBC Private Wealth Group LLC raised its stake in i3 Verticals by 52.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 5,260 shares of the company’s stock valued at $126,000 after acquiring an additional 1,809 shares in the last quarter. Finally, AlphaQuest LLC boosted its position in i3 Verticals by 688,600.0% during the 4th quarter. AlphaQuest LLC now owns 6,887 shares of the company’s stock worth $159,000 after acquiring an additional 6,886 shares during the period. 84.22% of the stock is owned by institutional investors and hedge funds.

i3 Verticals Stock Down 3.1 %

Shares of i3 Verticals stock opened at $24.59 on Monday. The business has a 50-day moving average price of $25.75 and a 200 day moving average price of $24.13. i3 Verticals has a fifty-two week low of $18.75 and a fifty-two week high of $29.80. The firm has a market cap of $813.29 million, a P/E ratio of 5.48 and a beta of 1.52.

i3 Verticals (NASDAQ:IIIV) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.23 earnings per share 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%. As a group, equities research analysts anticipate that i3 Verticals will post 0.9 earnings per share for the current 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.