i3 Verticals (NASDAQ:IIIV) Shares Gap Up After Insider Buying Activity

i3 Verticals, Inc. (NASDAQ:IIIV) shares gapped up before the market opened on Friday after an insider bought additional shares in the company. The stock had previously closed at $18.69, but opened at $19.88. i3 Verticals shares last traded at $19.3550, with a volume of 74,812 shares.

Specifically, CEO Gregory S. Daily acquired 50,000 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was bought at an average price of $19.23 per share, with a total value 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. This represents a ? increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Analysts Set New Price Targets

A number of brokerages have weighed in on IIIV. Weiss Ratings upgraded i3 Verticals from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday. Morgan Stanley cut their price objective on i3 Verticals from $28.00 to $22.00 and set an “equal weight” rating for the company in a report on Monday, February 9th. KeyCorp decreased their price objective on shares of i3 Verticals from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Monday, February 9th. DA Davidson lowered their target price on shares of i3 Verticals from $35.00 to $30.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Benchmark dropped their target price on shares of i3 Verticals from $39.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $29.83.

i3 Verticals Stock Performance

The company has a debt-to-equity ratio of 0.18, a current ratio of 1.34 and a quick ratio of 1.61. The company has a 50 day simple moving average of $22.09 and a 200-day simple moving average of $24.05. The firm has a market cap of $587.20 million, a PE ratio of 27.55 and a beta of 0.89.

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

Institutional Trading of i3 Verticals

Several hedge funds have recently added to or reduced their stakes in the business. William Blair Investment Management LLC purchased a new stake in i3 Verticals during the fourth quarter valued at about $9,733,000. 12th Street Asset Management Company LLC increased its holdings in shares of i3 Verticals by 159.9% in the third quarter. 12th Street Asset Management Company LLC now owns 609,942 shares of the company’s stock worth $19,799,000 after buying an additional 375,240 shares during the period. Wasatch Advisors LP bought a new stake in shares of i3 Verticals in the 2nd quarter valued at about $8,271,000. Punch & Associates Investment Management Inc. lifted its stake in shares of i3 Verticals by 32.8% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 1,032,606 shares of the company’s stock valued at $23,089,000 after acquiring an additional 255,079 shares during the last quarter. Finally, UBS Group AG boosted its holdings in i3 Verticals by 91.3% during the 4th quarter. UBS Group AG now owns 369,135 shares of the company’s stock valued at $9,299,000 after acquiring an additional 176,181 shares during the period. 84.22% of the stock is owned by 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.