Brokerages Set i3 Verticals, Inc. (NASDAQ:IIIV) Target Price at $27.43

Shares of i3 Verticals, Inc. (NASDAQ:IIIV) have been given an average recommendation of “Moderate Buy” by the seven research firms that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $27.43.

Several equities research analysts recently commented on IIIV shares. KeyCorp boosted their price target on shares of i3 Verticals from $23.00 to $26.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. BMO Capital Markets dropped their price target on shares of i3 Verticals from $24.00 to $23.00 and set a “market perform” rating for the company in a research note on Monday, February 12th. Morgan Stanley decreased their target price on i3 Verticals from $25.00 to $20.00 and set an “equal weight” rating for the company in a report on Monday, February 12th. Benchmark reaffirmed a “buy” rating and issued a $28.00 price target on shares of i3 Verticals in a research report on Monday, April 1st. Finally, TheStreet upgraded shares of i3 Verticals from a “d+” rating to a “c-” rating in a research note on Monday, March 18th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of IIIV. Conestoga Capital Advisors LLC boosted its holdings in shares of i3 Verticals by 0.9% in the first quarter. Conestoga Capital Advisors LLC now owns 70,222 shares of the company’s stock valued at $1,607,000 after acquiring an additional 640 shares in the last quarter. Victory Capital Management Inc. raised its position in i3 Verticals by 2.4% in the fourth quarter. Victory Capital Management Inc. now owns 43,000 shares of the company’s stock worth $910,000 after acquiring an additional 1,025 shares in the last quarter. YHB Investment Advisors Inc. acquired a new stake in i3 Verticals in the first quarter valued at $25,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of i3 Verticals by 36.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,992 shares of the company’s stock worth $106,000 after purchasing an additional 1,345 shares during the period. Finally, Cape Investment Advisory Inc. purchased a new position in shares of i3 Verticals in the 4th quarter valued at about $30,000. 84.22% of the stock is currently owned by institutional investors and hedge funds.

i3 Verticals Stock Performance

Shares of IIIV stock opened at $22.40 on Friday. i3 Verticals has a 1 year low of $17.54 and a 1 year high of $25.70. The firm has a market capitalization of $747.49 million, a price-to-earnings ratio of -320.00 and a beta of 1.56. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.50 and a quick ratio of 0.50. The business has a fifty day moving average of $22.49 and a 200 day moving average of $20.88.

i3 Verticals (NASDAQ:IIIV) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.22 by $0.01. i3 Verticals had a return on equity of 9.28% and a net margin of 0.14%. The business had revenue of $91.99 million for the quarter, compared to analyst estimates of $92.92 million. As a group, research analysts expect that i3 Verticals will post 0.95 earnings per share for the current year.

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.