i3 Verticals, Inc. (NASDAQ:IIIV) Receives $29.86 Average Price Target from Analysts

Shares of i3 Verticals, Inc. (NASDAQ:IIIV) have earned an average recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $29.86.

IIIV has been the subject of a number of research reports. Stephens reiterated an “overweight” rating and set a $29.00 target price on shares of i3 Verticals in a report on Tuesday, November 19th. BMO Capital Markets boosted their target price on i3 Verticals from $22.00 to $26.00 and gave the company a “market perform” rating in a research note on Monday, February 10th. DA Davidson raised their price target on shares of i3 Verticals from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Morgan Stanley boosted their price objective on shares of i3 Verticals from $22.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 12th. Finally, KeyCorp raised their target price on shares of i3 Verticals from $27.00 to $32.00 and gave the company an “overweight” rating in a research report on Monday, February 10th.

i3 Verticals Price Performance

NASDAQ IIIV opened at $25.43 on Thursday. i3 Verticals has a one year low of $18.75 and a one year high of $29.80. The firm has a market cap of $841.07 million, a P/E ratio of 5.66 and a beta of 1.51. The stock’s 50-day moving average is $25.40 and its 200-day moving average is $23.76.

i3 Verticals (NASDAQ:IIIV) last announced its earnings results on Thursday, February 6th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.05). i3 Verticals had a return on equity of 3.36% and a net margin of 41.85%. Equities analysts anticipate that i3 Verticals will post 0.9 EPS for the current year.

Institutional Trading of i3 Verticals

Large investors have recently added to or reduced their stakes in the company. AltraVue Capital LLC bought a new stake in shares of i3 Verticals in the 4th quarter valued at about $20,993,000. Forager Capital Management LLC bought a new stake in i3 Verticals in the fourth quarter valued at approximately $17,626,000. Raymond James Financial Inc. acquired a new stake in shares of i3 Verticals in the fourth quarter valued at approximately $13,313,000. TimesSquare Capital Management LLC bought a new position in shares of i3 Verticals during the 3rd quarter worth approximately $11,373,000. Finally, Long Path Partners LP increased its holdings in shares of i3 Verticals by 61.5% during the 3rd quarter. Long Path Partners LP now owns 933,098 shares of the company’s stock worth $19,884,000 after acquiring an additional 355,392 shares during the last quarter. Institutional investors and hedge funds own 84.22% of the company’s stock.

About i3 Verticals

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.