Analysts Set i3 Verticals, Inc. (NASDAQ:IIIV) PT at $29.83

i3 Verticals, Inc. (NASDAQ:IIIV) has been given a consensus recommendation of “Moderate Buy” by the eight brokerages that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $29.8333.

A number of research firms recently issued reports on IIIV. Weiss Ratings upgraded i3 Verticals from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, May 12th. Benchmark reduced their target price on i3 Verticals from $39.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, May 14th. Cantor Fitzgerald decreased their target price on i3 Verticals from $30.00 to $27.00 and set an “overweight” rating for the company in a research report on Monday, May 11th. Finally, DA Davidson lowered their target price on shares of i3 Verticals from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Wednesday, May 13th.

Insider Buying and Selling

In related news, CEO Gregory S. Daily acquired 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was bought at an average price of $19.23 per share, for a total transaction of $961,500.00. Following the acquisition, the chief executive officer directly owned 50,000 shares of the company’s stock, valued at $961,500. This represents a ? increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 60.09% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On i3 Verticals

Institutional investors have recently modified their holdings of the stock. North Reef Capital Management LP raised its holdings in shares of i3 Verticals by 1,253.8% in the first quarter. North Reef Capital Management LP now owns 1,025,000 shares of the company’s stock valued at $22,919,000 after acquiring an additional 949,289 shares in the last quarter. William Blair Investment Management LLC bought a new position in i3 Verticals during the 4th quarter worth about $9,733,000. Wasatch Advisors LP purchased a new position in i3 Verticals during the 2nd quarter valued at about $8,271,000. Punch & Associates Investment Management Inc. increased its position in i3 Verticals by 32.8% during 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 purchasing an additional 255,079 shares during the period. Finally, UBS Group AG raised its holdings in shares of i3 Verticals by 91.3% in the 4th quarter. UBS Group AG now owns 369,135 shares of the company’s stock valued at $9,299,000 after purchasing an additional 176,181 shares in the last quarter. 84.22% of the stock is owned by hedge funds and other institutional investors.

i3 Verticals Stock Down 1.8%

Shares of NASDAQ IIIV opened at $20.71 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. The company has a market cap of $578.43 million, a P/E ratio of 29.59 and a beta of 0.83. i3 Verticals has a 1 year low of $18.47 and a 1 year high of $33.97. The firm has a 50-day simple moving average of $20.27 and a two-hundred day simple moving average of $22.05.

i3 Verticals (NASDAQ:IIIV) last announced its earnings results on Thursday, May 7th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.02. i3 Verticals had a return on equity of 4.19% and a net margin of 8.59%.The business had revenue of $57.52 million during the quarter, compared to analyst estimates of $57.51 million. i3 Verticals has set its FY 2026 guidance at 1.090-1.150 EPS. Research analysts anticipate that i3 Verticals will post 0.66 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.