i3 Verticals (NASDAQ:IIIV) Sets New 52-Week Low Following Analyst Downgrade

i3 Verticals, Inc. (NASDAQ:IIIV)’s stock price hit a new 52-week low during trading on Monday after Cantor Fitzgerald lowered their price target on the stock from $30.00 to $27.00. Cantor Fitzgerald currently has an overweight rating on the stock. i3 Verticals traded as low as $19.66 and last traded at $20.46, with a volume of 162639 shares trading hands. The stock had previously closed at $21.14.

Several other equities analysts have also recently commented on the stock. KeyCorp reduced their price objective on shares of i3 Verticals from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Monday, February 9th. Benchmark reaffirmed a “buy” rating on shares of i3 Verticals in a research note on Monday, February 9th. Weiss Ratings cut shares of i3 Verticals from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, April 9th. DA Davidson reiterated a “buy” rating and set a $35.00 target price on shares of i3 Verticals in a research report on Monday, February 2nd. Finally, Morgan Stanley dropped their target price on shares of i3 Verticals from $28.00 to $22.00 and set an “equal weight” rating for the company in a research report on Monday, February 9th. Five investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, i3 Verticals currently has an average rating of “Moderate Buy” and an average price target of $32.17.

Insider Transactions at i3 Verticals

In other i3 Verticals news, CRO Paul Christians sold 6,122 shares of i3 Verticals stock in a transaction that occurred on 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 directly owned 31,250 shares in the company, valued at $725,937.50. The trade was a 16.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 60.09% of the stock is currently owned by insiders.

Institutional Investors Weigh In On i3 Verticals

Hedge funds have recently made changes to their positions in the business. Fifth Third Bancorp bought a new stake in shares of i3 Verticals in the 1st quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of i3 Verticals by 1,299.0% in the 4th 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 last quarter. CWM LLC lifted its holdings in shares of i3 Verticals by 221.7% in the 4th quarter. CWM LLC now owns 1,393 shares of the company’s stock worth $35,000 after acquiring an additional 960 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in shares of i3 Verticals by 8,259.1% in the 4th 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 last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of i3 Verticals by 65.5% in the 2nd 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 last quarter. 84.22% of the stock is currently owned by institutional investors.

i3 Verticals Trading Down 4.6%

The stock has a market capitalization of $614.70 million, a P/E ratio of 28.81 and a beta of 0.89. The stock’s fifty day moving average price is $22.40 and its two-hundred day moving average price is $24.49.

i3 Verticals (NASDAQ:IIIV) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. i3 Verticals had a net margin of 8.59% and a return on equity of 4.06%. The company 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. As a group, analysts expect that i3 Verticals, Inc. will post 0.67 earnings per share for the current fiscal year.

i3 Verticals Company Profile

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.