i3 Verticals, Inc. (NASDAQ:IIIV) Given Average Rating of “Hold” by Analysts

Shares of i3 Verticals, Inc. (NASDAQ:IIIV) have earned an average rating of “Hold” from the seven analysts that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $33.20.

A number of brokerages recently commented on IIIV. Weiss Ratings downgraded i3 Verticals from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, February 23rd. Benchmark reiterated a “buy” rating on shares of i3 Verticals in a research note on Monday, February 9th. DA Davidson reissued a “buy” rating and set a $35.00 price target on shares of i3 Verticals in a report on Monday, February 2nd. Morgan Stanley dropped their price objective on shares of i3 Verticals from $28.00 to $22.00 and set an “equal weight” rating on the stock in a report on Monday, February 9th. Finally, KeyCorp cut their price objective 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.

Institutional Investors Weigh In On i3 Verticals

Several large investors have recently made changes to their positions in the company. Mutual of America Capital Management LLC acquired a new position in shares of i3 Verticals during the third quarter worth approximately $3,145,000. Tectonic Advisors LLC acquired a new stake in i3 Verticals in the 3rd quarter valued at approximately $2,883,000. Thrivent Financial for Lutherans raised its stake in i3 Verticals by 19.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 655,085 shares of the company’s stock valued at $21,264,000 after acquiring an additional 107,487 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in i3 Verticals during the 3rd quarter valued at $3,303,000. Finally, AXQ Capital LP acquired a new position in i3 Verticals during the 2nd quarter worth $519,000. Institutional investors and hedge funds own 84.22% of the company’s stock.

i3 Verticals Stock Down 0.4%

Shares of IIIV stock opened at $23.51 on Monday. The business has a 50 day moving average of $23.65 and a two-hundred day moving average of $27.19. i3 Verticals has a 52 week low of $19.89 and a 52 week high of $33.97. The company has a market cap of $716.58 million, a P/E ratio of 37.92 and a beta of 0.97.

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

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.