Shares of i3 Verticals, Inc. (NASDAQ:IIIV – Get Free Report) have been given an average rating of “Hold” by the seven analysts that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $25.40.
IIIV has been the topic of several research reports. Weiss Ratings downgraded i3 Verticals from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, August 21st. Benchmark downgraded i3 Verticals from a “buy” rating to a “hold” rating in a research report on Monday, August 10th. KeyCorp cut their price target on i3 Verticals from $27.00 to $20.00 and set an “overweight” rating on the stock in a research note on Monday, August 10th. Finally, DA Davidson decreased their price objective on i3 Verticals from $30.00 to $28.00 and set a “buy” rating for the company in a report on Monday, August 10th.
Read Our Latest Stock Analysis on i3 Verticals
i3 Verticals Price Performance
i3 Verticals (NASDAQ:IIIV – Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.25 EPS for the quarter, hitting analysts’ consensus estimates of $0.25. i3 Verticals had a net margin of 4.24% and a return on equity of 4.49%. The business had revenue of $53.07 million for the quarter, compared to analyst estimates of $54.99 million. i3 Verticals has set its FY 2026 guidance at 1.080-1.120 EPS. On average, research analysts forecast that i3 Verticals will post 0.64 earnings per share for the current year.
Institutional Investors Weigh In On i3 Verticals
Several large investors have recently modified their holdings of IIIV. Dimensional Fund Advisors LP increased its holdings in i3 Verticals by 12.5% during the first quarter. Dimensional Fund Advisors LP now owns 616,851 shares of the company’s stock valued at $13,794,000 after buying an additional 68,573 shares during the period. North Reef Capital Management LP boosted its position in i3 Verticals by 1,253.8% during the 1st quarter. North Reef Capital Management LP now owns 1,025,000 shares of the company’s stock valued at $22,919,000 after acquiring an additional 949,289 shares in the last quarter. Punch & Associates Investment Management Inc. boosted its position in i3 Verticals by 32.8% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 1,032,606 shares of the company’s stock valued at $23,089,000 after acquiring an additional 255,079 shares in the last quarter. Confluence Investment Management LLC increased its holdings in shares of i3 Verticals by 91.6% in the 2nd quarter. Confluence Investment Management LLC now owns 230,530 shares of the company’s stock valued at $4,924,000 after acquiring an additional 110,216 shares during the period. Finally, Wellington Management Group LLP purchased a new position in shares of i3 Verticals in the 2nd quarter valued at $4,798,000. Institutional investors own 84.22% of the company’s stock.
i3 Verticals Company Profile
i3 Verticals, Inc was a Nashville, Tennessee-based provider of integrated software and payment solutions. The company developed technology designed to help organizations manage financial transactions, billing, collections, reporting and other operational workflows through industry-specific platforms.
Its offerings primarily served public-sector organizations and businesses in specialized markets. Solutions supported areas such as government payments, courts and justice, education, utilities, healthcare and other regulated or service-oriented industries.
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