i3 Verticals, Inc. (NASDAQ:IIIV) Receives $29.86 Consensus PT from Analysts

Shares of i3 Verticals, Inc. (NASDAQ:IIIV) have earned an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the stock, Marketbeat reports. Two investment 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. The average 1 year target price among brokers that have issued a report on the stock in the last year is $29.86.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of IIIV. Johnson Financial Group Inc. acquired a new stake in i3 Verticals in the 4th quarter valued at about $72,000. KLP Kapitalforvaltning AS acquired a new position in shares of i3 Verticals during the fourth quarter worth about $99,000. Quantbot Technologies LP purchased a new stake in shares of i3 Verticals during the third quarter worth approximately $109,000. CIBC Private Wealth Group LLC raised its holdings in i3 Verticals by 52.4% in the fourth quarter. CIBC Private Wealth Group LLC now owns 5,260 shares of the company’s stock valued at $126,000 after acquiring an additional 1,809 shares in the last quarter. Finally, AlphaQuest LLC lifted its stake in i3 Verticals by 688,600.0% in the fourth quarter. AlphaQuest LLC now owns 6,887 shares of the company’s stock worth $159,000 after acquiring an additional 6,886 shares during the last quarter. 84.22% of the stock is owned by institutional investors and hedge funds.

i3 Verticals Price Performance

Shares of IIIV stock opened at $24.59 on Monday. i3 Verticals has a 1-year low of $18.75 and a 1-year high of $29.80. The firm has a market cap of $813.29 million, a PE ratio of 5.48 and a beta of 1.52. The company has a 50-day moving average of $25.75 and a two-hundred day moving average of $24.09.

i3 Verticals (NASDAQ:IIIV) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.05). i3 Verticals had a return on equity of 3.36% and a net margin of 41.85%. Sell-side analysts anticipate that i3 Verticals will post 0.9 EPS for the current fiscal year.

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.