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

Shares of i3 Verticals, Inc. (NASDAQ:IIIV) have earned a consensus recommendation of “Moderate Buy” from the eight brokerages that are covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $33.3333.

IIIV has been the topic of a number of analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of i3 Verticals in a report on Monday, December 22nd. KeyCorp decreased their price objective on i3 Verticals from $35.00 to $32.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 19th. DA Davidson set a $35.00 price objective on i3 Verticals in a research report on Thursday, November 20th. Morgan Stanley reduced their target price on shares of i3 Verticals from $30.00 to $28.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 19th. Finally, Zacks Research raised shares of i3 Verticals from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 30th.

Insider Buying and Selling

In other i3 Verticals news, CRO Paul Christians sold 9,000 shares of i3 Verticals stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $23.27, for a total value of $209,430.00. Following the completion of the sale, the executive directly owned 45,818 shares of the company’s stock, valued at approximately $1,066,184.86. The trade was 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. Also, President Frederick Stanford sold 11,347 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of $24.21, for a total value of $274,710.87. Following the transaction, the president directly owned 43,653 shares in the company, valued at approximately $1,056,839.13. This represents a 20.63% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 23,639 shares of company stock worth $562,425. 59.07% of the stock is owned by company insiders.

Institutional Trading of i3 Verticals

Hedge funds have recently added to or reduced their stakes in the business. Elevation Point Wealth Partners LLC purchased a new stake in i3 Verticals in the 2nd quarter valued at about $26,000. BNP Paribas Financial Markets grew its holdings in i3 Verticals by 65.5% in the second quarter. BNP Paribas Financial Markets now owns 2,198 shares of the company’s stock valued at $60,000 after purchasing an additional 870 shares during the period. Tower Research Capital LLC TRC grew its holdings in i3 Verticals by 229.9% in the second quarter. Tower Research Capital LLC TRC now owns 2,220 shares of the company’s stock valued at $61,000 after purchasing an additional 1,547 shares during the period. Advisory Services Network LLC acquired a new position in i3 Verticals during the third quarter worth approximately $75,000. Finally, Johnson Financial Group Inc. purchased a new position in i3 Verticals during the third quarter worth approximately $79,000. 84.22% of the stock is owned by institutional investors and hedge funds.

i3 Verticals Trading Down 0.6%

Shares of NASDAQ IIIV opened at $26.16 on Wednesday. The company’s 50-day moving average price is $27.18 and its 200 day moving average price is $28.81. i3 Verticals has a 52 week low of $22.00 and a 52 week high of $33.97. The stock has a market cap of $846.28 million, a price-to-earnings ratio of 38.47 and a beta of 1.06.

i3 Verticals (NASDAQ:IIIV) last announced its earnings results on Monday, November 17th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. The company had revenue of $109.80 million during the quarter, compared to analysts’ expectations of $53.68 million. i3 Verticals had a net margin of 7.72% and a return on equity of 4.66%. i3 Verticals has set its FY 2026 guidance at 1.060-1.160 EPS. As a group, research analysts expect that i3 Verticals will post 0.9 earnings per share for the current year.

About i3 Verticals

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.