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

Shares of i3 Verticals, Inc. (NASDAQ:IIIV) have been given an average recommendation of “Moderate Buy” by the eight analysts that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $29.8333.

Several research firms have recently weighed in on IIIV. DA Davidson decreased their target price on i3 Verticals from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Wednesday, May 13th. Morgan Stanley decreased their target price on i3 Verticals from $28.00 to $22.00 and set an “equal weight” rating for the company in a research report on Monday, February 9th. Cantor Fitzgerald decreased their target price on i3 Verticals from $30.00 to $27.00 and set an “overweight” rating for the company in a research report on Monday, May 11th. Benchmark decreased their target price on i3 Verticals from $39.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, May 14th. Finally, KeyCorp decreased their target price on i3 Verticals from $32.00 to $30.00 and set an “overweight” rating for the company in a research report on Monday, February 9th.

i3 Verticals Price Performance

IIIV opened at $20.02 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.34 and a current ratio of 1.34. The stock has a market capitalization of $559.16 million, a P/E ratio of 28.60 and a beta of 0.89. The company’s 50-day simple moving average is $21.61 and its two-hundred day simple moving average is $23.59. i3 Verticals has a 52-week low of $18.47 and a 52-week high of $33.97.

i3 Verticals (NASDAQ:IIIV) last released its earnings results on Thursday, May 7th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. i3 Verticals had a net margin of 8.59% and a return on equity of 4.19%. The company had revenue of $57.52 million for the quarter, compared to analysts’ expectations of $57.51 million. i3 Verticals has set its FY 2026 guidance at 1.090-1.150 EPS. As a group, analysts predict that i3 Verticals will post 0.67 EPS for the current year.

Insider Activity

In other i3 Verticals news, CEO Gregory S. Daily purchased 50,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were acquired at an average price of $19.23 per share, for a total transaction of $961,500.00. Following the completion of the purchase, the chief executive officer owned 50,000 shares of the company’s stock, valued at approximately $961,500. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CRO Paul Christians sold 6,122 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $23.23, for a total value of $142,214.06. Following the completion of the sale, the executive owned 31,250 shares in the company, valued at approximately $725,937.50. This represents a 16.38% decrease in their position. The disclosure for this sale is available in the SEC filing. 60.09% of the stock is owned by insiders.

Hedge Funds Weigh In On i3 Verticals

Hedge funds have recently modified their holdings of the business. Royal Bank of Canada lifted its stake in shares of i3 Verticals by 31.4% in the 1st quarter. Royal Bank of Canada now owns 57,505 shares of the company’s stock worth $1,419,000 after acquiring an additional 13,729 shares during the period. AQR Capital Management LLC acquired a new stake in shares of i3 Verticals in the 1st quarter worth $209,000. JPMorgan Chase & Co. lifted its stake in shares of i3 Verticals by 11.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 12,383 shares of the company’s stock worth $340,000 after acquiring an additional 1,266 shares during the period. Invesco Ltd. raised its holdings in i3 Verticals by 4.6% during the second quarter. Invesco Ltd. now owns 26,328 shares of the company’s stock worth $723,000 after purchasing an additional 1,156 shares in the last quarter. Finally, Federated Hermes Inc. raised its holdings in i3 Verticals by 25.4% during the second quarter. Federated Hermes Inc. now owns 70,587 shares of the company’s stock worth $1,940,000 after purchasing an additional 14,295 shares in the last quarter. 84.22% of the stock is currently owned by hedge funds and other institutional investors.

i3 Verticals Company Profile

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.