i3 Verticals (NASDAQ:IIIV) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday, Zacks.com reports. The firm currently has a $35.00 target price on the stock. Zacks Investment Research‘s target price indicates a potential upside of 9.82% from the stock’s current price.
According to Zacks, “i3 Verticals, Inc. provides payment and software solutions. The Company offers electronic payment services to education, non-profit, public sector, property management and health care industries. i3 Verticals, Inc. is based in TN, United States. “
Several other research analysts have also recently commented on the company. DA Davidson cut i3 Verticals from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $34.00 to $36.00 in a research note on Wednesday. BTIG Research lowered i3 Verticals from a “buy” rating to a “neutral” rating and set a $36.00 price target on the stock. in a research report on Tuesday. ValuEngine cut i3 Verticals from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. TheStreet upgraded i3 Verticals from a “d+” rating to a “c-” rating in a research note on Friday, February 7th. Finally, BidaskClub downgraded i3 Verticals from a “strong-buy” rating to a “buy” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. i3 Verticals presently has a consensus rating of “Hold” and a consensus target price of $31.60.
i3 Verticals stock opened at $31.87 on Thursday. The firm has a market cap of $873.33 million, a PE ratio of -99.59, a price-to-earnings-growth ratio of 1.83 and a beta of 0.53. i3 Verticals has a 52-week low of $18.65 and a 52-week high of $37.85. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.98. The company’s 50 day moving average is $31.58 and its two-hundred day moving average is $25.32.
i3 Verticals (NASDAQ:IIIV) last posted its quarterly earnings results on Monday, February 10th. The company reported $0.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.03. i3 Verticals had a negative net margin of 1.01% and a positive return on equity of 14.15%. The business had revenue of $41.10 million during the quarter, compared to the consensus estimate of $39.05 million. The business’s revenue for the quarter was down 51.6% on a year-over-year basis. On average, equities research analysts anticipate that i3 Verticals will post 0.81 earnings per share for the current fiscal year.
In related news, COO David Scott Meriwether sold 3,000 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $27.90, for a total transaction of $83,700.00. Following the completion of the transaction, the chief operating officer now owns 56 shares in the company, valued at $1,562.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 40.10% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the stock. Stifel Financial Corp lifted its holdings in i3 Verticals by 0.4% during the 4th quarter. Stifel Financial Corp now owns 92,051 shares of the company’s stock worth $2,600,000 after buying an additional 396 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new position in shares of i3 Verticals in the 4th quarter valued at about $28,000. Charles Schwab Investment Management Inc. increased its holdings in shares of i3 Verticals by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 37,145 shares of the company’s stock valued at $1,050,000 after acquiring an additional 965 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of i3 Verticals by 135.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,967 shares of the company’s stock worth $40,000 after acquiring an additional 1,130 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of i3 Verticals during the 1st quarter worth about $29,000. 48.89% of the stock is currently owned by hedge funds and other institutional investors.
i3 Verticals Company Profile
i3 Verticals, Inc provides integrated payment and software solutions to small- and medium-sized businesses and organizations in education, non-profit, public sector, property management, and healthcare markets in the United States. The company offers payment processing services, including merchant onboarding, risk and underwriting, authorization, settlement, chargeback processing, and other merchant support.
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