i3 Verticals (NASDAQ:IIIV) Given “Buy” Rating at DA Davidson

DA Davidson restated their buy rating on shares of i3 Verticals (NASDAQ:IIIV) in a research note released on Monday morning,Benzinga reports. They currently have a $35.00 target price on the stock.

Other equities analysts have also recently issued research reports about the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of i3 Verticals in a research report on Monday, December 29th. KeyCorp reduced their price objective on i3 Verticals from $35.00 to $32.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 19th. Zacks Research raised i3 Verticals from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 30th. Finally, Morgan Stanley dropped their target price on i3 Verticals from $30.00 to $28.00 and set an “equal weight” rating for the company in a report on Wednesday, November 19th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $33.33.

i3 Verticals Trading Down 1.0%

Shares of NASDAQ IIIV opened at $21.99 on Monday. The stock’s 50-day moving average is $24.95 and its 200 day moving average is $28.48. The stock has a market cap of $711.38 million, a price-to-earnings ratio of 32.34 and a beta of 0.99. i3 Verticals has a 1-year low of $21.52 and a 1-year high of $33.97.

i3 Verticals (NASDAQ:IIIV) last issued its earnings results on Monday, November 17th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.01. The business had revenue of $109.80 million during the quarter, compared to analyst estimates 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. On average, analysts forecast that i3 Verticals will post 0.9 EPS for the current fiscal year.

Insider Transactions 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 value of $209,430.00. Following the completion of the sale, the executive owned 45,818 shares in the company, valued at approximately $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 can be accessed through 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 value of $274,710.87. Following the completion of the sale, the president owned 43,653 shares in the company, valued at approximately $1,056,839.13. This represents a 20.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 23,639 shares of company stock valued at $562,425. 60.09% of the stock is currently owned by company insiders.

Institutional Trading of i3 Verticals

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mutual of America Capital Management LLC bought a new position in shares of i3 Verticals in the 3rd quarter worth approximately $3,145,000. Sequoia Financial Advisors LLC bought a new stake in shares of i3 Verticals during the second quarter valued at approximately $281,000. Tectonic Advisors LLC purchased a new stake in i3 Verticals in the third quarter worth $2,883,000. AXQ Capital LP bought a new position in i3 Verticals in the second quarter worth $519,000. Finally, Thrivent Financial for Lutherans lifted its position in i3 Verticals by 274.8% during the second 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. Hedge funds and other institutional investors own 84.22% of the company’s stock.

i3 Verticals Company Profile

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.