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

i3 Verticals, Inc. (NASDAQ:IIIV) has been assigned an average recommendation of “Moderate Buy” from the eight ratings firms that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $33.3333.

Several research firms have commented on IIIV. Weiss Ratings reaffirmed a “hold (c)” rating on shares of i3 Verticals in a research report on Monday. DA Davidson set a $35.00 target price on shares of i3 Verticals in a report on Thursday, November 20th. Stephens increased their price target on shares of i3 Verticals from $35.00 to $40.00 and gave the stock an “overweight” rating in a research note on Monday, August 11th. Zacks Research raised shares of i3 Verticals from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 30th. Finally, KeyCorp reduced their target price on shares of i3 Verticals from $35.00 to $32.00 and set an “overweight” rating for the company in a report on Wednesday, November 19th.

Insider Buying and Selling at i3 Verticals

In other i3 Verticals news, General Counsel Paul Maple sold 2,500 shares of the stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $31.04, for a total transaction of $77,600.00. Following the completion of the sale, the general counsel directly owned 33,269 shares of the company’s stock, valued at approximately $1,032,669.76. This trade represents a 6.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 shares were sold at an average price of $24.21, for a total value of $274,710.87. Following the completion of the transaction, the president owned 43,653 shares in the company, valued at $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. Insiders sold a total of 26,139 shares of company stock valued at $640,025 in the last ninety days. Insiders own 59.07% of the company’s stock.

Institutional Trading of i3 Verticals

Several hedge funds have recently made changes to their positions in the company. Elevation Point Wealth Partners LLC purchased a new position in i3 Verticals during the second quarter worth about $26,000. BNP Paribas Financial Markets increased its position in i3 Verticals by 65.5% during the 2nd 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 period. Tower Research Capital LLC TRC raised its stake in shares of i3 Verticals by 229.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,220 shares of the company’s stock worth $61,000 after buying an additional 1,547 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of i3 Verticals in the 3rd quarter valued at approximately $75,000. Finally, Johnson Financial Group Inc. purchased a new stake in shares of i3 Verticals in the third quarter valued at approximately $79,000. Institutional investors and hedge funds own 84.22% of the company’s stock.

i3 Verticals Price Performance

NASDAQ IIIV opened at $23.21 on Friday. The firm’s fifty day moving average price is $29.13 and its 200 day moving average price is $28.70. i3 Verticals has a 12 month low of $22.00 and a 12 month high of $33.97. The company has a market capitalization of $750.84 million, a price-to-earnings ratio of 34.13 and a beta of 1.06.

i3 Verticals (NASDAQ:IIIV) last released its quarterly earnings data on Monday, November 17th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.01. i3 Verticals had a net margin of 7.72% and a return on equity of 4.66%. The company had revenue of $109.80 million during the quarter, compared to the consensus estimate of $53.68 million. i3 Verticals has set its FY 2026 guidance at 1.060-1.160 EPS. As a group, sell-side analysts forecast that i3 Verticals will post 0.9 earnings per share for the current year.

About i3 Verticals

i3 Verticals, Inc provides integrated payment and software solutions primarily to the public sector and healthcare markets in the United States. It operates in two segments, Software and Services, and Merchant Services. The company offers payment processing services that enables upper and lower court case management, collections, finance and accounting, motor vehicle and carrier registration, e-filing and taxation, license plate inventory, property tax management, utility billing, professional licensing, document workflow, and law enforcement software; assists public schools in completing payment processing functions, including accepting payments for online or at school lunches, and school activities.