i3 Verticals (NASDAQ:IIIV) Price Target Increased to $26.00 by Analysts at KeyCorp

i3 Verticals (NASDAQ:IIIV) had its target price raised by KeyCorp from $23.00 to $26.00 in a research note issued to investors on Monday, Benzinga reports. KeyCorp currently has an overweight rating on the stock.

Several other research analysts have also commented on the company. BMO Capital Markets cut their price objective on i3 Verticals from $24.00 to $23.00 and set a market perform rating on the stock in a research report on Monday, February 12th. TheStreet raised i3 Verticals from a d+ rating to a c- rating in a research report on Monday, March 18th. Morgan Stanley cut their price objective on i3 Verticals from $25.00 to $20.00 and set an equal weight rating on the stock in a research report on Monday, February 12th. Finally, Benchmark reissued a buy rating and issued a $28.00 price objective on shares of i3 Verticals in a research report on Monday, April 1st. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, i3 Verticals currently has a consensus rating of Moderate Buy and an average target price of $27.43.

i3 Verticals Price Performance

Shares of i3 Verticals stock opened at $22.52 on Monday. i3 Verticals has a twelve month low of $17.54 and a twelve month high of $25.70. The stock has a market capitalization of $751.49 million, a P/E ratio of -321.71 and a beta of 1.57. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.85. The business’s fifty day moving average price is $22.10 and its 200 day moving average price is $20.72.

i3 Verticals (NASDAQ:IIIV) last issued its earnings results on Thursday, February 8th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. i3 Verticals had a return on equity of 9.28% and a net margin of 0.14%. The firm had revenue of $91.99 million for the quarter, compared to analysts’ expectations of $92.92 million. As a group, research analysts anticipate that i3 Verticals will post 0.95 earnings per share for the current year.

Institutional Trading of i3 Verticals

A number of hedge funds and other institutional investors have recently modified their holdings of the business. SG Americas Securities LLC acquired a new position in i3 Verticals in the third quarter worth about $125,000. Voss Capital LLC grew its stake in i3 Verticals by 36.9% in the third quarter. Voss Capital LLC now owns 937,083 shares of the company’s stock worth $19,810,000 after purchasing an additional 252,439 shares in the last quarter. Raymond James & Associates grew its stake in i3 Verticals by 28.7% in the third quarter. Raymond James & Associates now owns 77,660 shares of the company’s stock worth $1,642,000 after purchasing an additional 17,297 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in i3 Verticals by 1.8% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 86,372 shares of the company’s stock worth $1,826,000 after purchasing an additional 1,538 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in i3 Verticals by 1.5% in the third quarter. Bank of New York Mellon Corp now owns 114,906 shares of the company’s stock worth $2,429,000 after purchasing an additional 1,749 shares in the last quarter. 84.22% of the stock is owned by hedge funds and other institutional investors.

i3 Verticals Company Profile

i3 Verticals, Inc provides integrated payment and software solutions primarily to the public sector and healthcare markets in the United States. It operates in two segments, Software and Services, and Merchant Services. The company offers payment processing services that enables upper and lower court case management, collections, finance and accounting, motor vehicle and carrier registration, e-filing and taxation, license plate inventory, property tax management, utility billing, professional licensing, document workflow, and law enforcement software; assists public schools in completing payment processing functions, including accepting payments for online or at school lunches, and school activities.