i3 Verticals, Inc. (NASDAQ:IIIV) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of i3 Verticals, Inc. (NASDAQ:IIIV) have been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $29.86.

Several brokerages recently weighed in on IIIV. Morgan Stanley lifted their price objective on shares of i3 Verticals from $22.00 to $27.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 12th. KeyCorp increased their price objective on i3 Verticals from $27.00 to $32.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. DA Davidson lifted their target price on i3 Verticals from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Finally, BMO Capital Markets increased their price target on i3 Verticals from $22.00 to $26.00 and gave the stock a “market perform” rating in a research note on Monday, February 10th.

Institutional Trading of i3 Verticals

A number of institutional investors have recently bought and sold shares of IIIV. NBC Securities Inc. increased its stake in i3 Verticals by 112,500.0% during the 1st quarter. NBC Securities Inc. now owns 1,126 shares of the company’s stock worth $27,000 after purchasing an additional 1,125 shares in the last quarter. Johnson Financial Group Inc. acquired a new position in shares of i3 Verticals during the 4th quarter worth about $72,000. KLP Kapitalforvaltning AS acquired a new position in i3 Verticals during the fourth quarter worth approximately $99,000. CIBC Private Wealth Group LLC boosted its stake in shares of i3 Verticals by 52.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 5,260 shares of the company’s stock worth $126,000 after acquiring an additional 1,809 shares during the period. Finally, AlphaQuest LLC increased its holdings in shares of i3 Verticals by 688,600.0% during the 4th 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. Institutional investors and hedge funds own 84.22% of the company’s stock.

i3 Verticals Price Performance

i3 Verticals stock opened at $25.15 on Friday. i3 Verticals has a 12 month low of $18.75 and a 12 month high of $29.80. The stock’s 50-day moving average is $25.39 and its 200-day moving average is $24.35. The company has a market cap of $831.81 million, a price-to-earnings ratio of 5.60 and a beta of 1.36.

i3 Verticals (NASDAQ:IIIV) last issued 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 net margin of 41.85% and a return on equity of 3.36%. Research analysts anticipate that i3 Verticals will post 0.9 EPS for the current 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.