Brokerages Set i3 Verticals Inc (NASDAQ:IIIV) Price Target at $26.25

Posted by on Nov 18th, 2019 // Comments off

i3 Verticals Inc (NASDAQ:IIIV) has been assigned a consensus rating of “Buy” from the six analysts that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $26.25.

Several research firms have weighed in on IIIV. BTIG Research set a $31.00 target price on shares of i3 Verticals and gave the stock a “buy” rating in a research report on Thursday, September 5th. ValuEngine downgraded shares of i3 Verticals from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Bank of America upgraded shares of i3 Verticals from a “neutral” rating to a “buy” rating and set a $23.00 price objective for the company in a research note on Friday, September 27th. Zacks Investment Research upgraded shares of i3 Verticals from a “sell” rating to a “hold” rating in a research note on Tuesday, October 15th. Finally, KeyCorp lifted their price objective on shares of i3 Verticals from $26.00 to $28.00 and gave the company an “overweight” rating in a research note on Monday, August 12th.

IIIV traded down $0.31 on Thursday, reaching $22.08. 102,400 shares of the company traded hands, compared to its average volume of 107,341. The company has a market cap of $612.30 million, a P/E ratio of 39.43, a price-to-earnings-growth ratio of 1.15 and a beta of 0.36. i3 Verticals has a one year low of $17.14 and a one year high of $31.44. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.98. The firm has a fifty day simple moving average of $20.24 and a two-hundred day simple moving average of $23.82.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC acquired a new position in shares of i3 Verticals in the 2nd quarter valued at $25,000. Tower Research Capital LLC TRC raised its position in i3 Verticals by 135.0% during the third quarter. Tower Research Capital LLC TRC now owns 1,967 shares of the company’s stock worth $40,000 after acquiring an additional 1,130 shares during the period. Marshall Wace LLP acquired a new position in i3 Verticals during the first quarter worth $29,000. Teton Advisors Inc. raised its position in i3 Verticals by 2.1% during the second quarter. Teton Advisors Inc. now owns 96,300 shares of the company’s stock worth $2,836,000 after acquiring an additional 2,000 shares during the period. Finally, Mesirow Financial Investment Management Inc. raised its position in i3 Verticals by 12.0% during the second quarter. Mesirow Financial Investment Management Inc. now owns 22,493 shares of the company’s stock worth $661,000 after acquiring an additional 2,410 shares during the period. Hedge funds and other institutional investors own 44.85% of the company’s stock.

About i3 Verticals

i3 Verticals, Inc provides integrated payment and software solutions to small- and medium-sized businesses and organizations in education, non-profit, public sector, property management, and healthcare markets in the United States. The company offers payment processing services, including merchant onboarding, risk and underwriting, authorization, settlement, chargeback processing, and other merchant support.

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