i3 Verticals (NASDAQ:IIIV) updated its FY 2021 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.980-1.080 for the period, compared to the Thomson Reuters consensus estimate of $1.010. The company issued revenue guidance of $204 million-220 million, compared to the consensus revenue estimate of $203.61 million.
Separately, Zacks Investment Research raised shares of i3 Verticals from a sell rating to a hold rating in a research report on Friday, April 23rd. One analyst has rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. i3 Verticals currently has a consensus rating of Buy and a consensus price target of $37.25.
NASDAQ IIIV traded down $0.06 during trading hours on Friday, reaching $31.57. The company had a trading volume of 435 shares, compared to its average volume of 147,073. The firm has a 50-day moving average price of $31.78. i3 Verticals has a 1-year low of $20.25 and a 1-year high of $35.99. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.55 and a quick ratio of 0.55. The company has a market capitalization of $1.02 billion, a PE ratio of -150.62, a P/E/G ratio of 2.28 and a beta of 1.62.
In other i3 Verticals news, Director David M. Wilds sold 200,000 shares of the business’s stock in a transaction dated Monday, March 15th. The shares were sold at an average price of $32.83, for a total transaction of $6,566,000.00. Following the sale, the director now directly owns 270,636 shares in the company, valued at $8,884,979.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 31.90% of the stock is owned by corporate insiders.
About i3 Verticals
i3 Verticals, Inc provides integrated payment and software solutions to small- and medium-sized businesses and organizations in education, non-profit, public sector, property management, and healthcare markets in the United States. It operates in two segments, Merchant Services, and Proprietary Software and Payments.
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