i3 Verticals (NASDAQ:IIIV) Price Target Increased to $26.00 by Analysts at KeyCorp

i3 Verticals (NASDAQ:IIIV) had its price objective raised by KeyCorp from $23.00 to $26.00 in a research report sent to investors on Monday, Benzinga reports. They currently have an overweight rating on the stock.

Several other analysts have also recently weighed in on IIIV. BMO Capital Markets dropped their price objective on shares of i3 Verticals from $24.00 to $23.00 and set a market perform rating for the company in a research note on Monday, February 12th. Benchmark reiterated a buy rating and issued a $28.00 price objective on shares of i3 Verticals in a research note on Monday, April 1st. Morgan Stanley dropped their target price on shares of i3 Verticals from $25.00 to $20.00 and set an equal weight rating for the company in a research report on Monday, February 12th. Finally, TheStreet upgraded shares of i3 Verticals from a d+ rating to a c- rating in a research report on Monday, March 18th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of $27.43.

i3 Verticals Stock Performance

Shares of IIIV stock opened at $22.52 on Monday. The company has a market capitalization of $751.49 million, a price-to-earnings ratio of -321.71 and a beta of 1.57. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.50 and a current ratio of 0.50. The company has a 50-day simple moving average of $22.10 and a 200 day simple moving average of $20.72. i3 Verticals has a 52 week low of $17.54 and a 52 week high of $25.70.

i3 Verticals (NASDAQ:IIIV) last announced its earnings results on Thursday, February 8th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.22 by $0.01. The business had revenue of $91.99 million during the quarter, compared to the consensus estimate of $92.92 million. i3 Verticals had a net margin of 0.14% and a return on equity of 9.28%. On average, sell-side analysts predict that i3 Verticals will post 0.95 earnings per share for the current year.

Hedge Funds Weigh In On i3 Verticals

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. bought a new position in i3 Verticals in the 3rd quarter valued at approximately $6,807,000. Boston Partners bought a new position in i3 Verticals in the 3rd quarter valued at approximately $978,000. Raymond James Financial Services Advisors Inc. lifted its stake in i3 Verticals by 4.5% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 90,276 shares of the company’s stock valued at $1,911,000 after purchasing an additional 3,904 shares during the last quarter. Raymond James & Associates lifted its stake in i3 Verticals by 28.7% in the 3rd quarter. Raymond James & Associates now owns 77,660 shares of the company’s stock valued at $1,642,000 after purchasing an additional 17,297 shares during the last quarter. Finally, Heartland Advisors Inc. lifted its stake in i3 Verticals by 4.9% in the 3rd quarter. Heartland Advisors Inc. now owns 537,310 shares of the company’s stock valued at $11,359,000 after purchasing an additional 25,160 shares during the last quarter. Institutional investors own 84.22% of the company’s stock.

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.