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

i3 Verticals, Inc. (NASDAQ:IIIV) has been given a consensus recommendation of “Moderate Buy” by the eight research firms that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $33.3333.

IIIV has been the subject of several research reports. Zacks Research upgraded i3 Verticals from a “strong sell” rating to a “hold” rating in a report on Thursday, October 30th. DA Davidson set a $35.00 price target on shares of i3 Verticals in a research note on Thursday, November 20th. Morgan Stanley reduced their target price on i3 Verticals from $30.00 to $28.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 19th. Weiss Ratings reissued a “hold (c)” rating on shares of i3 Verticals in a research note on Monday, December 29th. Finally, KeyCorp decreased their price objective on i3 Verticals from $35.00 to $32.00 and set an “overweight” rating for the company in a research note on Wednesday, November 19th.

i3 Verticals Price Performance

i3 Verticals stock opened at $24.85 on Friday. i3 Verticals has a one year low of $22.00 and a one year high of $33.97. The firm has a market capitalization of $803.90 million, a P/E ratio of 36.54 and a beta of 1.01. The business has a fifty day moving average price of $25.69 and a 200-day moving average price of $28.89.

i3 Verticals (NASDAQ:IIIV) last released its quarterly earnings results on Monday, November 17th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.01. The firm had revenue of $109.80 million for the quarter, compared to analysts’ expectations of $53.68 million. i3 Verticals had a return on equity of 4.66% and a net margin of 7.72%.i3 Verticals has set its FY 2026 guidance at 1.060-1.160 EPS. Sell-side analysts expect that i3 Verticals will post 0.9 earnings per share for the current fiscal year.

Insider Buying and Selling at i3 Verticals

In other i3 Verticals news, CRO Paul Christians sold 9,000 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $23.27, for a total transaction of $209,430.00. Following the transaction, the executive owned 45,818 shares of the company’s stock, valued at $1,066,184.86. This trade represents a 16.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Frederick Stanford sold 11,347 shares of i3 Verticals stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $24.21, for a total transaction of $274,710.87. Following the transaction, the president owned 43,653 shares in the company, valued at approximately $1,056,839.13. The trade was a 20.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 23,639 shares of company stock valued at $562,425 over the last quarter. 59.07% of the stock is currently owned by insiders.

Hedge Funds Weigh In On i3 Verticals

Several institutional investors and hedge funds have recently added to or reduced their stakes in IIIV. Sequoia Financial Advisors LLC bought a new position in i3 Verticals during the 2nd quarter valued at $281,000. Tectonic Advisors LLC bought a new stake in i3 Verticals in the 3rd quarter valued at about $2,883,000. AXQ Capital LP bought a new stake in i3 Verticals during the 2nd quarter valued at $519,000. Thrivent Financial for Lutherans increased its stake in i3 Verticals by 274.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 547,598 shares of the company’s stock valued at $15,048,000 after buying an additional 401,493 shares during the period. Finally, Long Path Partners LP boosted its holdings in shares of i3 Verticals by 4.2% in the second quarter. Long Path Partners LP now owns 1,039,847 shares of the company’s stock valued at $28,575,000 after acquiring an additional 41,851 shares in the last quarter. Hedge funds and other institutional investors own 84.22% of the company’s stock.

About i3 Verticals

i3 Verticals, Inc is a provider of integrated software and merchant payment processing solutions tailored for specific vertical markets across the United States. Since its founding in 2001 and headquartered in Columbia, South Carolina, the company has focused on delivering SaaS-based applications and payment services to streamline revenue collection and management workflows for its clients.

The company’s product portfolio includes electronic payment processing for credit and debit card transactions, automated clearing house (ACH) transfers, online and mobile payment portals, and related risk management and compliance tools.