i3 Verticals, Inc. (NASDAQ:IIIV) Receives $33.20 Consensus Target Price from Analysts

i3 Verticals, Inc. (NASDAQ:IIIV) has earned a consensus rating of “Moderate Buy” from the seven research firms that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $33.20.

Several research firms recently weighed in on IIIV. Morgan Stanley dropped their price objective on i3 Verticals from $28.00 to $22.00 and set an “equal weight” rating for the company in a research note on Monday, February 9th. Zacks Research raised shares of i3 Verticals from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 30th. Benchmark restated a “buy” rating on shares of i3 Verticals in a research report on Monday, February 9th. KeyCorp lowered their price target on shares of i3 Verticals from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Monday, February 9th. Finally, DA Davidson restated a “buy” rating and set a $35.00 price objective on shares of i3 Verticals in a research report on Monday, February 2nd.

i3 Verticals Stock Performance

i3 Verticals stock opened at $22.20 on Thursday. i3 Verticals has a 52-week low of $19.89 and a 52-week high of $33.97. The stock’s 50 day moving average price is $24.57 and its two-hundred day moving average price is $28.02. The stock has a market capitalization of $718.17 million, a price-to-earnings ratio of 35.81 and a beta of 0.99.

i3 Verticals (NASDAQ:IIIV) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.02. The business had revenue of $52.67 million during the quarter, compared to the consensus estimate of $52.18 million. i3 Verticals had a net margin of 7.33% and a return on equity of 4.32%. i3 Verticals has set its FY 2026 guidance at 1.080-1.160 EPS. On average, equities research analysts forecast that i3 Verticals will post 0.9 EPS for the current year.

Insider Transactions at i3 Verticals

In related news, CRO Paul Christians sold 9,000 shares of the business’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 completion of the transaction, the executive owned 45,818 shares of the company’s stock, valued at approximately $1,066,184.86. The trade was a 16.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Frederick Stanford sold 11,347 shares of i3 Verticals stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $24.21, for a total transaction of $274,710.87. Following the sale, the president owned 43,653 shares of the company’s stock, valued at approximately $1,056,839.13. This trade represents a 20.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In 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.

Hedge Funds Weigh In On i3 Verticals

Several institutional investors have recently added to or reduced their stakes in IIIV. Thrivent Financial for Lutherans grew its holdings in i3 Verticals by 274.8% in 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. William Blair Investment Management LLC purchased a new stake in i3 Verticals in the fourth quarter valued at approximately $9,733,000. 12th Street Asset Management Company LLC increased its position in i3 Verticals by 159.9% during the third quarter. 12th Street Asset Management Company LLC now owns 609,942 shares of the company’s stock worth $19,799,000 after purchasing an additional 375,240 shares during the last quarter. Wasatch Advisors LP acquired a new position in i3 Verticals during the second quarter worth approximately $8,271,000. Finally, Loomis Sayles & Co. L P purchased a new position in i3 Verticals during the second quarter worth approximately $6,210,000. 84.22% of the stock is currently owned by institutional investors and hedge funds.

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.