i3 Verticals, Inc. (NASDAQ:IIIV) Receives $33.20 Consensus Target Price from Brokerages

Shares of i3 Verticals, Inc. (NASDAQ:IIIV) have received an average recommendation of “Hold” from the seven brokerages that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $33.20.

A number of analysts have recently weighed in on the stock. Benchmark reiterated a “buy” rating on shares of i3 Verticals in a research note on Monday, February 9th. Morgan Stanley cut their price objective on shares of i3 Verticals from $28.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Monday, February 9th. KeyCorp cut 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 note on Monday, February 9th. Weiss Ratings lowered shares of i3 Verticals from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, April 9th. Finally, DA Davidson reiterated a “buy” rating and issued a $35.00 price objective on shares of i3 Verticals in a research note on Monday, February 2nd.

i3 Verticals Price Performance

NASDAQ:IIIV opened at $23.30 on Tuesday. The firm has a market capitalization of $710.18 million, a P/E ratio of 37.58 and a beta of 0.89. i3 Verticals has a 1-year low of $19.89 and a 1-year high of $33.97. The company’s fifty day moving average price is $22.35 and its 200-day moving average price is $24.69.

i3 Verticals (NASDAQ:IIIV) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. The firm had revenue of $52.67 million for the quarter, compared to analyst estimates of $52.18 million. i3 Verticals had a net margin of 7.33% and a return on equity of 4.32%. i3 Verticals has set its FY 2026 guidance at 1.080-1.160 EPS. Equities analysts anticipate that i3 Verticals will post 0.67 EPS for the current fiscal year.

Insiders Place Their Bets

In other i3 Verticals news, CRO Paul Christians sold 6,122 shares of the company’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $23.23, for a total value of $142,214.06. Following the completion of the transaction, the executive owned 31,250 shares in the company, valued at approximately $725,937.50. This represents a 16.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 60.09% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of IIIV. Fifth Third Bancorp acquired a new position in shares of i3 Verticals in the first quarter worth about $28,000. CWM LLC raised its position in shares of i3 Verticals by 221.7% in the fourth quarter. CWM LLC now owns 1,393 shares of the company’s stock worth $35,000 after acquiring an additional 960 shares during the period. Caitong International Asset Management Co. Ltd raised its position in shares of i3 Verticals by 1,299.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,371 shares of the company’s stock worth $35,000 after acquiring an additional 1,273 shares during the period. Global Retirement Partners LLC raised its position in shares of i3 Verticals by 8,259.1% in the fourth quarter. Global Retirement Partners LLC now owns 1,839 shares of the company’s stock worth $46,000 after acquiring an additional 1,817 shares during the period. Finally, BNP Paribas Financial Markets raised its position in shares of i3 Verticals by 65.5% in the second quarter. BNP Paribas Financial Markets now owns 2,198 shares of the company’s stock worth $60,000 after acquiring an additional 870 shares during the period. Institutional investors and hedge funds own 84.22% of the company’s stock.

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.