Brokerages Set i3 Verticals, Inc. (NASDAQ:IIIV) Target Price at $27.14

i3 Verticals, Inc. (NASDAQ:IIIV) has received an average rating of “Moderate Buy” from the seven brokerages that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $27.14.

IIIV has been the subject of a number of recent analyst reports. Benchmark reaffirmed a “buy” rating and issued a $33.00 price objective on shares of i3 Verticals in a research report on Tuesday, September 3rd. BMO Capital Markets cut their price target on i3 Verticals from $23.00 to $21.00 and set a “market perform” rating for the company in a report on Thursday, October 3rd. KeyCorp reduced their price objective on shares of i3 Verticals from $28.00 to $27.00 and set an “overweight” rating for the company in a research report on Monday, August 12th. Raymond James cut their target price on shares of i3 Verticals from $31.00 to $28.00 and set a “strong-buy” rating for the company in a research note on Monday, August 12th. Finally, Stephens reiterated an “overweight” rating and issued a $29.00 price target on shares of i3 Verticals in a research note on Friday, August 16th.

i3 Verticals Stock Performance

Shares of IIIV stock opened at $23.16 on Friday. The company has a fifty day moving average price of $22.13 and a two-hundred day moving average price of $21.78. i3 Verticals has a one year low of $17.54 and a one year high of $25.51. The stock has a market cap of $775.21 million, a P/E ratio of 2,316.00 and a beta of 1.54. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.98 and a quick ratio of 2.98.

i3 Verticals (NASDAQ:IIIV) last issued its earnings results on Thursday, August 8th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.31). i3 Verticals had a negative net margin of 0.01% and a positive return on equity of 5.99%. The firm had revenue of $56.04 million during the quarter, compared to the consensus estimate of $96.43 million. As a group, equities analysts predict that i3 Verticals will post 0.37 EPS for the current year.

Hedge Funds Weigh In On i3 Verticals

Hedge funds have recently bought and sold shares of the business. Comerica Bank boosted its holdings in i3 Verticals by 46.0% in the 1st quarter. Comerica Bank now owns 2,133 shares of the company’s stock valued at $49,000 after purchasing an additional 672 shares during the period. SG Americas Securities LLC acquired a new stake in i3 Verticals during the second quarter worth approximately $116,000. EntryPoint Capital LLC acquired a new stake in i3 Verticals during the first quarter worth approximately $210,000. Sanctuary Advisors LLC bought a new position in i3 Verticals during the 2nd quarter worth $292,000. Finally, Argent Capital Management LLC raised its holdings in i3 Verticals by 60.7% in the 2nd quarter. Argent Capital Management LLC now owns 14,066 shares of the company’s stock valued at $311,000 after acquiring an additional 5,311 shares in the last quarter. 84.22% of the stock is owned by institutional investors.

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.