i3 Verticals (NASDAQ:IIIV) Shares Down 6.5% – Here’s What Happened

Posted by Stanley Muller on Jun 17th, 2026

i3 Verticals, Inc. (NASDAQ:IIIV – Get Free Report) dropped 6.5% during trading on Monday . The stock traded as low as $19.25 and last traded at $19.27. Approximately 190,609 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 373,945 shares. The stock had previously closed at $20.62.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on IIIV. Weiss Ratings upgraded shares of i3 Verticals from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, May 12th. Cantor Fitzgerald dropped their price objective on shares of i3 Verticals from $30.00 to $27.00 and set an “overweight” rating for the company in a report on Monday, May 11th. Benchmark dropped their price objective on shares of i3 Verticals from $39.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, May 14th. Finally, DA Davidson dropped their price objective on shares of i3 Verticals from $35.00 to $30.00 and set a “buy” rating for the company in a report on Wednesday, May 13th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $29.83.

Read Our Latest Analysis on IIIV

i3 Verticals Price Performance

The stock’s 50 day moving average is $20.67 and its two-hundred day moving average is $22.65. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.34 and a quick ratio of 1.34. The stock has a market capitalization of $557.48 million, a PE ratio of 28.51 and a beta of 0.84.

i3 Verticals (NASDAQ:IIIV – Get Free Report) last released its earnings results on Thursday, May 7th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. i3 Verticals had a net margin of 8.59% and a return on equity of 4.19%. The firm had revenue of $57.52 million for the quarter, compared to analyst estimates of $57.51 million. i3 Verticals has set its FY 2026 guidance at 1.090-1.150 EPS. As a group, sell-side analysts forecast that i3 Verticals, Inc. will post 0.67 earnings per share for the current fiscal year.

Insider Buying and Selling at i3 Verticals

In other news, CEO Gregory S. Daily bought 50,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were purchased at an average cost of $19.23 per share, for a total transaction of $961,500.00. Following the completion of the purchase, the chief executive officer owned 50,000 shares of the company’s stock, valued at approximately $961,500. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 60.09% of the company’s stock.

Institutional Trading of i3 Verticals

Large investors have recently made changes to their positions in the company. Thrivent Financial for Lutherans increased its stake in shares of i3 Verticals by 11.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 728,505 shares of the company’s stock worth $18,351,000 after buying an additional 73,420 shares during the period. UBS Group AG increased its stake in shares of i3 Verticals by 91.3% during the fourth quarter. UBS Group AG now owns 369,135 shares of the company’s stock worth $9,299,000 after buying an additional 176,181 shares during the period. William Blair Investment Management LLC acquired a new position in i3 Verticals in the fourth quarter valued at approximately $9,733,000. Envestnet Asset Management Inc. boosted its holdings in i3 Verticals by 56.2% in the third quarter. Envestnet Asset Management Inc. now owns 148,922 shares of the company’s stock valued at $4,834,000 after purchasing an additional 53,611 shares in the last quarter. Finally, Royce & Associates LP boosted its holdings in i3 Verticals by 10.9% in the third quarter. Royce & Associates LP now owns 469,342 shares of the company’s stock valued at $15,235,000 after purchasing an additional 45,940 shares in the last quarter. 84.22% of the stock is currently owned by hedge funds and other institutional investors.

i3 Verticals Company Profile

(Get Free Report)

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.