i3 Verticals, Inc. (NASDAQ:IIIV) Receives $29.83 Average PT from Brokerages

i3 Verticals, Inc. (NASDAQ:IIIV) has earned an average recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $29.8333.

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

i3 Verticals Stock Performance

IIIV opened at $19.94 on Wednesday. The business’s 50 day moving average is $20.52 and its 200-day moving average is $22.55. The stock has a market cap of $556.92 million, a PE ratio of 28.49 and a beta of 0.84. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.18. i3 Verticals has a twelve month low of $18.47 and a twelve month high of $33.97.

i3 Verticals (NASDAQ:IIIV) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. The company had revenue of $57.52 million for the quarter, compared to analysts’ expectations of $57.51 million. i3 Verticals had a return on equity of 4.19% and a net margin of 8.59%.i3 Verticals has set its FY 2026 guidance at 1.090-1.150 EPS. On average, analysts predict that i3 Verticals will post 0.67 earnings per share for the current year.

Insider Activity at i3 Verticals

In related news, CEO Gregory S. Daily acquired 50,000 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were acquired at an average price of $19.23 per share, for a total transaction of $961,500.00. Following the completion of the purchase, the chief executive officer directly owned 50,000 shares of the company’s stock, valued at $961,500. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 60.09% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Fifth Third Bancorp acquired a new position in shares of i3 Verticals during the first quarter valued at approximately $28,000. Caitong International Asset Management Co. Ltd grew its position in 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 buying an additional 1,273 shares during the last quarter. CWM LLC grew its position in 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 buying an additional 960 shares during the last quarter. Global Retirement Partners LLC grew its position in 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 buying an additional 1,817 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position in 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 buying an additional 870 shares during the last quarter. Institutional investors and hedge funds own 84.22% of the company’s stock.

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.