i3 Verticals, Inc. (NASDAQ:IIIV) Given Average Recommendation of “Moderate Buy” by Brokerages

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

A number of equities analysts recently issued reports on the company. KeyCorp cut their target price on i3 Verticals from $32.00 to $30.00 and set an “overweight” rating on the stock in a report on Monday, February 9th. DA Davidson reaffirmed a “buy” rating and issued a $35.00 price objective on shares of i3 Verticals in a research note on Monday, February 2nd. Benchmark reiterated a “buy” rating on shares of i3 Verticals in a report on Monday, February 9th. Weiss Ratings upgraded shares of i3 Verticals from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, March 25th. Finally, Morgan Stanley dropped their price target on shares of i3 Verticals from $28.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Monday, February 9th.

i3 Verticals Price Performance

Shares of IIIV opened at $22.66 on Friday. The stock has a 50-day moving average of $22.42 and a 200-day moving average of $26.17. The company has a market cap of $690.68 million, a PE ratio of 36.55 and a beta of 0.96. i3 Verticals has a one year low of $19.89 and a one year high of $33.97.

i3 Verticals (NASDAQ:IIIV) last posted 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. i3 Verticals had a return on equity of 4.32% and a net margin of 7.33%.The business had revenue of $52.67 million for the quarter, compared to the consensus estimate of $52.18 million. 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.

Insider Activity at i3 Verticals

In other news, CRO Paul Christians sold 6,122 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $23.23, for a total value of $142,214.06. Following the transaction, the executive owned 31,250 shares in the company, valued at $725,937.50. This trade represents a 16.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 60.09% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On i3 Verticals

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Elevation Point Wealth Partners LLC purchased a new position in i3 Verticals during the 2nd quarter worth $26,000. CWM LLC raised its holdings in shares of i3 Verticals by 221.7% in the fourth quarter. CWM LLC now owns 1,393 shares of the company’s stock valued at $35,000 after purchasing an additional 960 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of i3 Verticals by 1,299.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,371 shares of the company’s stock valued at $35,000 after purchasing an additional 1,273 shares in the last quarter. Global Retirement Partners LLC boosted its holdings in i3 Verticals by 8,259.1% during the fourth quarter. Global Retirement Partners LLC now owns 1,839 shares of the company’s stock worth $46,000 after purchasing an additional 1,817 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in i3 Verticals by 65.5% during the second quarter. BNP Paribas Financial Markets now owns 2,198 shares of the company’s stock worth $60,000 after purchasing an additional 870 shares during the last quarter. 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.