i3 Verticals, Inc. (NASDAQ:IIIV) Stock Has Average Target Price of $25.40 According to Analysts

Shares of i3 Verticals, Inc. (NASDAQ:IIIV) have been given an average recommendation of “Hold” by the seven brokerages that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $25.40.

A number of research firms recently commented on IIIV. Weiss Ratings downgraded i3 Verticals from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, August 21st. KeyCorp reduced their target price on i3 Verticals from $27.00 to $20.00 and set an “overweight” rating on the stock in a report on Monday, August 10th. DA Davidson decreased their price target on i3 Verticals from $30.00 to $28.00 and set a “buy” rating on the stock in a research note on Monday, August 10th. Finally, Benchmark downgraded i3 Verticals from a “buy” rating to a “hold” rating in a research report on Monday, August 10th.

i3 Verticals Trading Down 1.7%

Shares of IIIV stock opened at $17.08 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.29. The stock has a market cap of $449.55 million, a P/E ratio of 44.95 and a beta of 0.78. The stock has a 50 day simple moving average of $15.82 and a 200 day simple moving average of $20.13. i3 Verticals has a 1 year low of $13.63 and a 1 year high of $33.70.

i3 Verticals (NASDAQ:IIIV) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.25 earnings per share for the quarter, meeting the consensus estimate of $0.25. The firm had revenue of $53.07 million during the quarter, compared to analysts’ expectations of $54.99 million. i3 Verticals had a return on equity of 4.49% and a net margin of 4.24%. i3 Verticals has set its FY 2026 guidance at 1.080-1.120 EPS. On average, research analysts predict that i3 Verticals will post 0.60 earnings per share for the current fiscal year.

Institutional Investors Weigh In On i3 Verticals

Several hedge funds and other institutional investors have recently made changes to their positions in IIIV. Punch & Associates Investment Management Inc. increased its position in i3 Verticals by 32.8% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 1,032,606 shares of the company’s stock worth $23,089,000 after purchasing an additional 255,079 shares in the last quarter. North Reef Capital Management LP lifted its stake in i3 Verticals by 1,253.8% in the 1st quarter. North Reef Capital Management LP now owns 1,025,000 shares of the company’s stock valued at $22,919,000 after purchasing an additional 949,289 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in i3 Verticals by 12.5% in the first quarter. Dimensional Fund Advisors LP now owns 616,851 shares of the company’s stock valued at $13,794,000 after buying an additional 68,573 shares in the last quarter. Heartland Advisors Inc. boosted its position in i3 Verticals by 11.1% in the first quarter. Heartland Advisors Inc. now owns 606,950 shares of the company’s stock valued at $13,571,000 after buying an additional 60,400 shares in the last quarter. Finally, Wasatch Advisors LP boosted its position in i3 Verticals by 7.3% in the second quarter. Wasatch Advisors LP now owns 377,435 shares of the company’s stock valued at $8,062,000 after buying an additional 25,631 shares in the last quarter. 84.22% of the stock is owned by institutional investors.

i3 Verticals Company Profile

i3 Verticals, Inc provides integrated software and payment-processing solutions for organizations in specialized vertical markets. Its technology helps customers manage billing, payments, records, reporting and other administrative functions through purpose-built software combined with electronic payment acceptance and related services.

The company has served public-sector organizations, including municipalities, courts, schools and utilities, as well as healthcare providers and other businesses.