Brokerages Set i3 Verticals, Inc. (NASDAQ:IIIV) Price Target at $33.33

Shares of i3 Verticals, Inc. (NASDAQ:IIIV) have received an average rating of “Moderate Buy” from the eight ratings firms that are covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $33.3333.

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

i3 Verticals Stock Performance

Shares of IIIV stock opened at $24.70 on Friday. The company has a market capitalization of $799.05 million, a PE ratio of 36.32 and a beta of 1.01. i3 Verticals has a 52-week low of $22.00 and a 52-week high of $33.97. The business’s fifty day moving average is $25.51 and its 200 day moving average is $28.83.

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

Insider Transactions at i3 Verticals

In other news, President Frederick Stanford sold 11,347 shares of the company’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $24.21, for a total value of $274,710.87. Following the completion of the transaction, the president directly owned 43,653 shares in the company, valued at approximately $1,056,839.13. This represents a 20.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Paul Christians sold 9,000 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $23.27, for a total value of $209,430.00. Following the transaction, the executive directly owned 45,818 shares in the company, valued at approximately $1,066,184.86. This represents a 16.42% 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. Company insiders own 60.09% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in IIIV. Royal Bank of Canada boosted its stake in shares of i3 Verticals by 31.4% in the 1st quarter. Royal Bank of Canada now owns 57,505 shares of the company’s stock valued at $1,419,000 after purchasing an additional 13,729 shares in the last quarter. AQR Capital Management LLC bought a new stake in i3 Verticals in the first quarter worth $209,000. Strs Ohio purchased a new stake in i3 Verticals during the first quarter valued at about $410,000. Rhumbline Advisers grew its stake in shares of i3 Verticals by 2.2% during the first quarter. Rhumbline Advisers now owns 36,331 shares of the company’s stock valued at $896,000 after buying an additional 786 shares during the last quarter. Finally, Argent Capital Management LLC increased its holdings in shares of i3 Verticals by 5.5% in the second quarter. Argent Capital Management LLC now owns 22,807 shares of the company’s stock worth $627,000 after buying an additional 1,180 shares during the period. 84.22% of the stock is owned by hedge funds and other institutional investors.

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.