i3 Verticals, Inc. (NASDAQ:IIIV) Receives Average Rating of “Buy” from Brokerages

Shares of i3 Verticals, Inc. (NASDAQ:IIIV – Get Rating) have earned a consensus rating of “Buy” from the six ratings firms that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $31.88.

Several analysts have recently weighed in on the stock. BTIG Research dropped their price target on shares of i3 Verticals from $42.00 to $31.00 and set a “buy” rating for the company in a research note on Wednesday, January 26th. Morgan Stanley increased their price objective on shares of i3 Verticals from $24.50 to $26.50 and gave the stock an “equal weight” rating in a research report on Thursday, February 10th. Zacks Investment Research cut shares of i3 Verticals from a “buy” rating to a “hold” rating in a research report on Wednesday, May 18th. Finally, TheStreet raised shares of i3 Verticals from a “d+” rating to a “c-” rating in a research report on Wednesday, March 16th.

IIIV opened at $23.53 on Monday. i3 Verticals has a twelve month low of $17.80 and a twelve month high of $32.97. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.00. The company has a 50-day moving average price of $26.38 and a 200 day moving average price of $24.17. The company has a market cap of $759.60 million, a PE ratio of -36.77, a price-to-earnings-growth ratio of 2.44 and a beta of 1.40.

i3 Verticals (NASDAQ:IIIV – Get Rating) last released its quarterly earnings results on Monday, May 9th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.26. i3 Verticals had a negative net margin of 4.87% and a positive return on equity of 8.01%. During the same quarter in the prior year, the firm posted $0.14 earnings per share. As a group, sell-side analysts expect that i3 Verticals will post 0.55 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Grandeur Peak Global Advisors LLC grew its position in shares of i3 Verticals by 2.1% in the 4th quarter. Grandeur Peak Global Advisors LLC now owns 20,493 shares of the company’s stock valued at $467,000 after buying an additional 413 shares during the last quarter. Cubist Systematic Strategies LLC grew its position in i3 Verticals by 7.0% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 8,588 shares of the company’s stock worth $208,000 after purchasing an additional 561 shares during the last quarter. Voya Investment Management LLC grew its position in i3 Verticals by 7.7% during the 3rd quarter. Voya Investment Management LLC now owns 8,369 shares of the company’s stock worth $203,000 after purchasing an additional 595 shares during the last quarter. Metropolitan Life Insurance Co NY grew its position in i3 Verticals by 13.4% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 5,829 shares of the company’s stock worth $141,000 after purchasing an additional 687 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in shares of i3 Verticals by 8.2% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 9,761 shares of the company’s stock valued at $272,000 after acquiring an additional 741 shares in the last quarter. 65.21% of the stock is currently owned by hedge funds and other institutional investors.

About i3 Verticals (Get Rating)

i3 Verticals, Inc provides integrated payment and software solutions to small- and medium-sized businesses and organizations in education, non-profit, public sector, and healthcare markets in the United States. It operates in two segments, Merchant Services, and Proprietary Software and Payments. The company offers payment processing services that enables clients to accept electronic payments, facilitating the exchange of funds and transaction data between clients, financial institutions, and payment networks.

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