i3 Verticals Inc (NASDAQ:IIIV) has been assigned an average recommendation of “Buy” from the six analysts that are covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a buy rating. The average twelve-month target price among brokers that have covered the stock in the last year is $24.83.

IIIV has been the topic of a number of analyst reports. KeyCorp lifted their price target on i3 Verticals from $22.00 to $26.00 and gave the company an “overweight” rating in a research note on Wednesday, January 2nd. Zacks Investment Research downgraded i3 Verticals from a “hold” rating to a “sell” rating in a research report on Friday, March 15th.

Shares of i3 Verticals stock traded down $0.32 during trading on Monday, reaching $23.69. The company’s stock had a trading volume of 48,545 shares, compared to its average volume of 95,241. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.53 and a quick ratio of 0.53. i3 Verticals has a 12-month low of $13.79 and a 12-month high of $27.09. The company has a market cap of $623.17 million and a PE ratio of 42.30.

i3 Verticals (NASDAQ:IIIV) last posted its quarterly earnings results on Thursday, February 14th. The company reported $0.20 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.20. The business had revenue of $29.60 million during the quarter, compared to analysts’ expectations of $30.01 million. The business’s revenue was up 18.5% compared to the same quarter last year. On average, equities research analysts anticipate that i3 Verticals will post 0.76 EPS for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc boosted its position in i3 Verticals by 333.9% during the third quarter. Vanguard Group Inc now owns 216,963 shares of the company’s stock worth $4,986,000 after purchasing an additional 166,963 shares in the last quarter. Marshall Wace LLP purchased a new stake in i3 Verticals during the third quarter worth $4,065,000. Legal & General Group Plc purchased a new stake in i3 Verticals during the third quarter worth $27,000. BlackRock Inc. boosted its position in i3 Verticals by 103.2% during the third quarter. BlackRock Inc. now owns 583,460 shares of the company’s stock worth $13,407,000 after purchasing an additional 296,281 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in i3 Verticals by 333.9% during the third quarter. Vanguard Group Inc. now owns 216,963 shares of the company’s stock worth $4,986,000 after purchasing an additional 166,963 shares in the last quarter. Institutional investors own 33.16% of the company’s stock.

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. The company offers payment processing services, including merchant onboarding, risk and underwriting, authorization, settlement, chargeback processing, and other merchant support.

See Also: Compound Annual Growth Rate (CAGR)

Analyst Recommendations for i3 Verticals (NASDAQ:IIIV)

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