Brokerages Set i3 Verticals, Inc. (NASDAQ:IIIV) PT at $33.33

Shares of i3 Verticals, Inc. (NASDAQ:IIIV) have earned a consensus recommendation of “Moderate Buy” from the eight research firms that are covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $33.3333.

A number of research firms have recently weighed in on IIIV. Weiss Ratings lowered i3 Verticals from a “buy (b-)” rating to a “hold (c)” rating in a research note on Monday, November 24th. DA Davidson set a $35.00 price target on i3 Verticals in a report on Thursday, November 20th. Benchmark restated a “buy” rating and issued a $39.00 price target (up from $33.00) on shares of i3 Verticals in a research note on Monday, August 11th. Zacks Research upgraded shares of i3 Verticals from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 30th. Finally, KeyCorp lowered their target price on shares of i3 Verticals from $35.00 to $32.00 and set an “overweight” rating on the stock in a report on Wednesday, November 19th.

Insiders Place Their Bets

In other i3 Verticals news, CRO Paul Christians sold 3,292 shares of the stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $23.78, for a total transaction of $78,283.76. Following the completion of the transaction, the executive owned 54,818 shares of the company’s stock, valued at $1,303,572.04. This represents a 5.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Frederick Stanford sold 11,347 shares of the firm’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $24.21, for a total value of $274,710.87. Following the transaction, the president owned 43,653 shares of the company’s stock, valued at approximately $1,056,839.13. The trade was a 20.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 17,139 shares of company stock worth $430,595 in the last 90 days. 59.07% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of IIIV. Elevation Point Wealth Partners LLC bought a new position in i3 Verticals during the second quarter valued at $26,000. BNP Paribas Financial Markets boosted 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 period. Tower Research Capital LLC TRC grew its holdings in i3 Verticals by 229.9% during the 2nd 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 last quarter. Advisory Services Network LLC purchased a new stake in i3 Verticals in the 3rd quarter worth about $75,000. Finally, Johnson Financial Group Inc. bought a new stake in i3 Verticals in the third quarter worth about $79,000. 84.22% of the stock is currently owned by institutional investors.

i3 Verticals Price Performance

Shares of NASDAQ IIIV opened at $23.59 on Friday. The stock has a market cap of $763.14 million, a PE ratio of 34.69 and a beta of 1.06. i3 Verticals has a 1 year low of $22.00 and a 1 year high of $33.97. The firm has a fifty day moving average price of $29.82 and a 200-day moving average price of $28.82.

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

i3 Verticals Company Profile

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.