Brokerages Set i3 Verticals, Inc. (NASDAQ:IIIV) Price Target at $29.83

Shares of i3 Verticals, Inc. (NASDAQ:IIIV) have been given an average rating of “Moderate Buy” by the eight brokerages that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $29.8333.

A number of equities research analysts recently weighed in on the stock. KeyCorp lowered their target price on shares of i3 Verticals from $32.00 to $30.00 and set an “overweight” rating on the stock in a report on Monday, February 9th. Benchmark lowered their target price on shares of i3 Verticals from $39.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, May 14th. Cantor Fitzgerald lowered their target price on shares of i3 Verticals from $30.00 to $27.00 and set an “overweight” rating on the stock in a report on Monday, May 11th. Weiss Ratings upgraded shares of i3 Verticals from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, May 12th. Finally, Morgan Stanley lowered their target price on shares of i3 Verticals from $28.00 to $22.00 and set an “equal weight” rating on the stock in a report on Monday, February 9th.

Insider Activity

In other news, CEO Gregory S. Daily acquired 50,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was purchased at an average price of $19.23 per share, for a total transaction of $961,500.00. Following the purchase, the chief executive officer owned 50,000 shares in the company, valued at approximately $961,500. This represents a ? increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CRO Paul Christians sold 6,122 shares of the stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $23.23, for a total transaction of $142,214.06. Following the completion of the sale, the executive owned 31,250 shares of the company’s stock, valued at approximately $725,937.50. This trade represents a 16.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 60.09% of the company’s stock.

Institutional Investors Weigh In On i3 Verticals

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fifth Third Bancorp purchased a new stake in shares of i3 Verticals during the 1st quarter worth approximately $28,000. CWM LLC increased its stake in shares of i3 Verticals by 221.7% during the 4th quarter. CWM LLC now owns 1,393 shares of the company’s stock worth $35,000 after purchasing an additional 960 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its stake in shares of i3 Verticals by 1,299.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,371 shares of the company’s stock worth $35,000 after purchasing an additional 1,273 shares during the last quarter. Global Retirement Partners LLC increased its stake in shares of i3 Verticals by 8,259.1% during the 4th quarter. Global Retirement Partners LLC now owns 1,839 shares of the company’s stock worth $46,000 after purchasing an additional 1,817 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its stake in shares of i3 Verticals by 65.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,198 shares of the company’s stock worth $60,000 after purchasing an additional 870 shares during the last quarter. Hedge funds and other institutional investors own 84.22% of the company’s stock.

i3 Verticals Price Performance

IIIV stock opened at $19.80 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.34 and a quick ratio of 1.34. i3 Verticals has a 1 year low of $18.47 and a 1 year high of $33.97. The stock has a market capitalization of $553.01 million, a PE ratio of 28.29 and a beta of 0.89. The company’s 50-day moving average is $21.43 and its 200-day moving average is $23.33.

i3 Verticals (NASDAQ:IIIV) last posted its earnings results on Thursday, May 7th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. i3 Verticals had a net margin of 8.59% and a return on equity of 4.19%. The company had revenue of $57.52 million for the quarter, compared to analyst estimates of $57.51 million. i3 Verticals has set its FY 2026 guidance at 1.090-1.150 EPS. Equities research analysts expect that i3 Verticals will post 0.67 EPS for the current fiscal 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.