i3 Verticals (NASDAQ:IIIV) CRO Sells $209,430.00 in Stock

i3 Verticals, Inc. (NASDAQ:IIIV) CRO Paul Christians sold 9,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $23.27, for a total value of $209,430.00. Following the transaction, the executive directly owned 45,818 shares of the company’s stock, valued at approximately $1,066,184.86. This trade represents a 16.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Paul Christians also recently made the following trade(s):

• On Wednesday, November 26th, Paul Christians sold 3,292 shares of i3 Verticals stock. The shares were sold at an average price of $23.78, for a total transaction of $78,283.76.

i3 Verticals Stock Up 0.5%

Shares of IIIV stock opened at $23.21 on Friday. i3 Verticals, Inc. has a 12 month low of $22.00 and a 12 month high of $33.97. The company’s fifty day simple moving average is $29.13 and its 200-day simple moving average is $28.72. The firm has a market cap of $750.94 million, a PE ratio of 34.13 and a beta of 1.06.

i3 Verticals (NASDAQ:IIIV) last released its earnings results on Monday, November 17th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. i3 Verticals had a net margin of 7.72% and a return on equity of 4.66%. The business 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. On average, equities analysts predict that i3 Verticals, Inc. will post 0.9 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

IIIV has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of i3 Verticals in a research report on Monday, December 1st. Morgan Stanley lowered their price target on i3 Verticals from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 19th. Zacks Research upgraded i3 Verticals from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 30th. Stephens increased their price objective on i3 Verticals from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Monday, August 11th. Finally, DA Davidson set a $35.00 target price on shares of i3 Verticals in a research note on Thursday, November 20th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $33.33.

Hedge Funds Weigh In On i3 Verticals

Institutional investors have recently bought and sold shares of the business. Sequoia Financial Advisors LLC bought a new position in i3 Verticals during the second quarter worth $281,000. Harbor Capital Advisors Inc. raised its position in shares of i3 Verticals by 67.2% in the second quarter. Harbor Capital Advisors Inc. now owns 454,743 shares of the company’s stock valued at $12,496,000 after purchasing an additional 182,699 shares during the period. Avantax Advisory Services Inc. raised its position in shares of i3 Verticals by 8.5% in the first quarter. Avantax Advisory Services Inc. now owns 17,473 shares of the company’s stock valued at $431,000 after purchasing an additional 1,368 shares during the period. AXQ Capital LP acquired a new stake in shares of i3 Verticals during the 2nd quarter worth about $519,000. Finally, Long Path Partners LP lifted its stake in shares of i3 Verticals by 4.2% during the 2nd quarter. Long Path Partners LP now owns 1,039,847 shares of the company’s stock worth $28,575,000 after buying an additional 41,851 shares during the last quarter. Institutional investors and hedge funds own 84.22% of the company’s stock.

i3 Verticals Company Profile

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.