i3 Verticals, Inc. (NASDAQ:IIIV) Receives Average Rating of “Moderate Buy” from Brokerages

i3 Verticals, Inc. (NASDAQ:IIIV) has been given an average rating of “Moderate Buy” by the eight ratings firms that are presently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $33.3333.

Several analysts have commented on IIIV shares. Zacks Research raised shares of i3 Verticals from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 30th. DA Davidson set a $35.00 price objective on i3 Verticals in a report on Thursday, November 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of i3 Verticals in a research note on Monday, December 29th. KeyCorp decreased their price target on i3 Verticals from $35.00 to $32.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 19th. Finally, Morgan Stanley lowered their price target on i3 Verticals from $30.00 to $28.00 and set an “equal weight” rating for the company in a report on Wednesday, November 19th.

i3 Verticals Stock Performance

i3 Verticals stock opened at $24.74 on Friday. i3 Verticals has a fifty-two week low of $22.00 and a fifty-two week high of $33.97. The company has a market capitalization of $800.34 million, a price-to-earnings ratio of 36.38 and a beta of 1.01. The stock has a fifty day moving average of $25.33 and a two-hundred day moving average of $28.77.

i3 Verticals (NASDAQ:IIIV) last posted its quarterly earnings data on Monday, November 17th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. The business had revenue of $109.80 million for the quarter, compared to analyst estimates of $53.68 million. i3 Verticals had a return on equity of 4.66% and a net margin of 7.72%.i3 Verticals has set its FY 2026 guidance at 1.060-1.160 EPS. On average, analysts forecast that i3 Verticals will post 0.9 EPS for the current fiscal year.

Insider Activity at i3 Verticals

In other i3 Verticals news, President Frederick Stanford sold 11,347 shares of the stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $24.21, for a total transaction of $274,710.87. Following the transaction, the president owned 43,653 shares of the company’s stock, valued at $1,056,839.13. This trade represents a 20.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CRO Paul Christians sold 9,000 shares of the business’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $23.27, for a total transaction of $209,430.00. Following the sale, the executive directly owned 45,818 shares of the company’s stock, valued at $1,066,184.86. This represents a 16.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 23,639 shares of company stock valued at $562,425 in the last ninety days. 60.09% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On i3 Verticals

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans lifted its position in i3 Verticals by 274.8% during the second quarter. Thrivent Financial for Lutherans now owns 547,598 shares of the company’s stock valued at $15,048,000 after buying an additional 401,493 shares in the last quarter. 12th Street Asset Management Company LLC raised its stake in shares of i3 Verticals by 159.9% in the 3rd quarter. 12th Street Asset Management Company LLC now owns 609,942 shares of the company’s stock valued at $19,799,000 after acquiring an additional 375,240 shares during the period. Wasatch Advisors LP acquired a new position in shares of i3 Verticals during the 2nd quarter valued at $8,271,000. Loomis Sayles & Co. L P purchased a new stake in i3 Verticals during the 2nd quarter worth $6,210,000. Finally, Jennison Associates LLC acquired a new stake in i3 Verticals in the 2nd quarter valued at $4,404,000. 84.22% of the stock is currently owned by institutional investors and hedge funds.

About i3 Verticals

i3 Verticals, Inc is a provider of integrated software and merchant payment processing solutions tailored for specific vertical markets across the United States. Since its founding in 2001 and headquartered in Columbia, South Carolina, the company has focused on delivering SaaS-based applications and payment services to streamline revenue collection and management workflows for its clients.

The company’s product portfolio includes electronic payment processing for credit and debit card transactions, automated clearing house (ACH) transfers, online and mobile payment portals, and related risk management and compliance tools.