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

Shares of i3 Verticals, Inc. (NASDAQ:IIIV) have been given an average rating of “Moderate Buy” by the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $27.14.

A number of brokerages recently commented on IIIV. Benchmark restated a “buy” rating and issued a $33.00 target price on shares of i3 Verticals in a research note on Tuesday, November 19th. Stephens reaffirmed an “overweight” rating and set a $29.00 price objective on shares of i3 Verticals in a report on Tuesday, November 19th.

i3 Verticals Stock Performance

Shares of IIIV opened at $25.68 on Friday. The company has a 50-day simple moving average of $23.91 and a 200-day simple moving average of $23.23. i3 Verticals has a 52 week low of $17.54 and a 52 week high of $26.66. The firm has a market capitalization of $861.31 million, a P/E ratio of 5.77 and a beta of 1.51.

i3 Verticals (NASDAQ:IIIV) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.05). i3 Verticals had a net margin of 37.35% and a return on equity of 3.88%. As a group, equities analysts forecast that i3 Verticals will post 0.9 earnings per share for the current year.

Insider Buying and Selling at i3 Verticals

In other i3 Verticals news, President Frederick Stanford sold 17,577 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $25.28, for a total value of $444,346.56. Following the completion of the transaction, the president now directly owns 100,000 shares of the company’s stock, valued at approximately $2,528,000. The trade was a 14.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 59.07% of the company’s stock.

Institutional Trading of i3 Verticals

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new position in shares of i3 Verticals during the 3rd quarter worth about $109,000. SG Americas Securities LLC grew its holdings in shares of i3 Verticals by 62.4% in the 4th quarter. SG Americas Securities LLC now owns 8,646 shares of the company’s stock valued at $199,000 after acquiring an additional 3,323 shares in the last quarter. Atom Investors LP bought a new stake in i3 Verticals during the third quarter worth about $218,000. Sanctuary Advisors LLC bought a new position in shares of i3 Verticals in the second quarter valued at $292,000. Finally, Bares Capital Management Inc. acquired a new stake in i3 Verticals in the 3rd quarter valued at about $334,000. 84.22% of the stock is currently owned by institutional investors and hedge funds.

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.