Analysts Set i3 Verticals, Inc. (NASDAQ:IIIV) PT at $27.43

i3 Verticals, Inc. (NASDAQ:IIIV) has earned an average rating of “Moderate Buy” from the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $27.43.

Several research analysts have recently commented on the company. TheStreet raised i3 Verticals from a “d+” rating to a “c-” rating in a research note on Monday, March 18th. KeyCorp raised their target price on shares of i3 Verticals from $23.00 to $26.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Morgan Stanley dropped their price target on shares of i3 Verticals from $25.00 to $20.00 and set an “equal weight” rating for the company in a research report on Monday, February 12th. Benchmark restated a “buy” rating and set a $28.00 price objective on shares of i3 Verticals in a research report on Monday, April 1st. Finally, BMO Capital Markets dropped their target price on shares of i3 Verticals from $24.00 to $23.00 and set a “market perform” rating for the company in a report on Monday, February 12th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new position in shares of i3 Verticals during the 3rd quarter valued at approximately $125,000. Raymond James & Associates raised its stake in i3 Verticals by 28.7% during the third quarter. Raymond James & Associates now owns 77,660 shares of the company’s stock valued at $1,642,000 after purchasing an additional 17,297 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in i3 Verticals by 1.8% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 86,372 shares of the company’s stock valued at $1,826,000 after purchasing an additional 1,538 shares during the last quarter. Bank of New York Mellon Corp lifted its position in i3 Verticals by 1.5% during the third quarter. Bank of New York Mellon Corp now owns 114,906 shares of the company’s stock valued at $2,429,000 after purchasing an additional 1,749 shares during the last quarter. Finally, Principal Financial Group Inc. purchased a new position in shares of i3 Verticals in the 3rd quarter worth $200,000. Institutional investors own 84.22% of the company’s stock.

i3 Verticals Stock Down 0.8 %

IIIV opened at $22.28 on Friday. i3 Verticals has a 1-year low of $17.54 and a 1-year high of $25.70. The firm’s 50 day simple moving average is $22.49 and its two-hundred day simple moving average is $20.92. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $743.48 million, a PE ratio of -318.29 and a beta of 1.56.

i3 Verticals (NASDAQ:IIIV) last announced its earnings results on Thursday, February 8th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. The company had revenue of $91.99 million for the quarter, compared to analysts’ expectations of $92.92 million. i3 Verticals had a return on equity of 9.28% and a net margin of 0.14%. As a group, equities analysts forecast that i3 Verticals will post 0.95 EPS for the current year.

i3 Verticals Company Profile

i3 Verticals, Inc provides integrated payment and software solutions primarily to the public sector and healthcare markets in the United States. It operates in two segments, Software and Services, and Merchant Services. The company offers payment processing services that enables upper and lower court case management, collections, finance and accounting, motor vehicle and carrier registration, e-filing and taxation, license plate inventory, property tax management, utility billing, professional licensing, document workflow, and law enforcement software; assists public schools in completing payment processing functions, including accepting payments for online or at school lunches, and school activities.