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

Shares of i3 Verticals, Inc. (NASDAQ:IIIV) have earned an average recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $29.86.

Several research analysts have commented on the stock. DA Davidson upped their target price on shares of i3 Verticals from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Morgan Stanley increased their price objective on i3 Verticals from $22.00 to $27.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 12th. BMO Capital Markets lifted their target price on i3 Verticals from $22.00 to $26.00 and gave the company a “market perform” rating in a research note on Monday, February 10th. Stephens reissued an “overweight” rating and issued a $29.00 price target on shares of i3 Verticals in a research note on Tuesday, November 19th. Finally, KeyCorp raised their price target on i3 Verticals from $27.00 to $32.00 and gave the company an “overweight” rating in a report on Monday, February 10th.

i3 Verticals Price Performance

NASDAQ:IIIV opened at $26.16 on Thursday. The firm has a market capitalization of $865.22 million, a P/E ratio of 5.83 and a beta of 1.51. The business has a 50 day simple moving average of $25.25 and a 200 day simple moving average of $23.64. i3 Verticals has a 12-month low of $18.75 and a 12-month high of $29.80.

i3 Verticals (NASDAQ:IIIV) last announced 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 41.85% and a return on equity of 3.36%. Research analysts anticipate that i3 Verticals will post 0.9 EPS for the current fiscal year.

Institutional Trading of i3 Verticals

Institutional investors have recently modified their holdings of the company. Gamco Investors INC. ET AL raised its position in i3 Verticals by 0.5% in the fourth quarter. Gamco Investors INC. ET AL now owns 92,516 shares of the company’s stock worth $2,132,000 after acquiring an additional 475 shares in the last quarter. Invesco Ltd. raised its holdings in shares of i3 Verticals by 2.6% in the 4th quarter. Invesco Ltd. now owns 25,292 shares of the company’s stock worth $583,000 after purchasing an additional 649 shares in the last quarter. Pitcairn Co. lifted its stake in i3 Verticals by 4.0% during the fourth quarter. Pitcairn Co. now owns 17,183 shares of the company’s stock valued at $396,000 after purchasing an additional 657 shares during the last quarter. Sei Investments Co. boosted its holdings in i3 Verticals by 5.7% during the fourth quarter. Sei Investments Co. now owns 14,294 shares of the company’s stock worth $329,000 after buying an additional 770 shares in the last quarter. Finally, Swiss National Bank grew its position in i3 Verticals by 2.0% in the fourth quarter. Swiss National Bank now owns 46,700 shares of the company’s stock worth $1,076,000 after buying an additional 900 shares during the last quarter. Institutional investors and hedge funds own 84.22% of the company’s stock.

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.