i3 Verticals (NASDAQ:IIIV – Free Report) had its price target decreased by Cantor Fitzgerald from $30.00 to $27.00 in a research report released on Monday morning,Benzinga reports. Cantor Fitzgerald currently has an overweight rating on the stock.
Several other equities analysts have also weighed in on the stock. DA Davidson reaffirmed a “buy” rating and set a $35.00 price objective on shares of i3 Verticals in a research report on Monday, February 2nd. Weiss Ratings lowered shares of i3 Verticals from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, April 9th. Benchmark reaffirmed a “buy” rating on shares of i3 Verticals in a research report on Monday, February 9th. Morgan Stanley lowered their price target on i3 Verticals from $28.00 to $22.00 and set an “equal weight” rating on the stock in a report on Monday, February 9th. Finally, KeyCorp lowered their price target on i3 Verticals from $32.00 to $30.00 and set an “overweight” rating on the stock in a report on Monday, February 9th. 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, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $31.33.
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i3 Verticals Stock Performance
i3 Verticals (NASDAQ:IIIV – Get Free Report) last announced its earnings results on Thursday, May 7th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.30 by $0.02. i3 Verticals had a net margin of 8.59% and a return on equity of 4.19%. The company had revenue of $57.52 million during the quarter, compared to analysts’ expectations of $57.51 million. i3 Verticals has set its FY 2026 guidance at 1.090-1.150 EPS. On average, equities research analysts expect that i3 Verticals will post 0.67 earnings per share for the current year.
Insider Activity
In other i3 Verticals news, CRO Paul Christians sold 6,122 shares of i3 Verticals stock in a transaction on Friday, March 6th. The stock was sold at an average price of $23.23, for a total transaction of $142,214.06. Following the completion of the transaction, the executive directly owned 31,250 shares of the company’s stock, valued at approximately $725,937.50. This trade represents a 16.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 60.09% of the company’s stock.
Institutional Trading of i3 Verticals
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fifth Third Bancorp acquired a new stake in i3 Verticals in the first quarter worth about $28,000. CWM LLC increased its position in i3 Verticals by 221.7% in the fourth quarter. CWM LLC now owns 1,393 shares of the company’s stock worth $35,000 after purchasing an additional 960 shares during the period. Caitong International Asset Management Co. Ltd increased its position in i3 Verticals by 1,299.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,371 shares of the company’s stock worth $35,000 after purchasing an additional 1,273 shares during the period. Global Retirement Partners LLC increased its position in i3 Verticals by 8,259.1% in the fourth quarter. Global Retirement Partners LLC now owns 1,839 shares of the company’s stock worth $46,000 after purchasing an additional 1,817 shares during the period. Finally, BNP Paribas Financial Markets increased its position in i3 Verticals by 65.5% in the second quarter. BNP Paribas Financial Markets now owns 2,198 shares of the company’s stock worth $60,000 after purchasing an additional 870 shares during the period. 84.22% of the stock is currently owned by institutional investors and hedge funds.
i3 Verticals Company Profile
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.
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