i3 Verticals, Inc. (NASDAQ:IIIV) Receives $33.33 Consensus PT from Analysts

i3 Verticals, Inc. (NASDAQ:IIIV) has earned an average recommendation of “Moderate Buy” from the eight brokerages that are currently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $33.3333.

Several equities research analysts have recently commented on the stock. DA Davidson set a $35.00 target price on shares of i3 Verticals in a research note on Thursday, November 20th. Zacks Research upgraded i3 Verticals from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of i3 Verticals in a research report on Monday. Morgan Stanley decreased their price objective on shares of i3 Verticals from $30.00 to $28.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 19th. Finally, KeyCorp dropped their target price on shares of i3 Verticals from $35.00 to $32.00 and set an “overweight” rating for the company in a research note on Wednesday, November 19th.

Insider Buying and Selling

In other i3 Verticals news, CRO Paul Christians sold 9,000 shares of the stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $23.27, for a total value of $209,430.00. Following the transaction, the executive directly owned 45,818 shares in the company, valued at approximately $1,066,184.86. This trade represents a 16.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Frederick Stanford sold 11,347 shares of i3 Verticals stock in a transaction on Friday, November 21st. The shares were sold at an average price of $24.21, for a total value of $274,710.87. Following the completion of the sale, the president directly owned 43,653 shares of the company’s stock, valued at $1,056,839.13. This trade represents a 20.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 23,639 shares of company stock valued at $562,425. 59.07% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On i3 Verticals

Several hedge funds have recently added to or reduced their stakes in IIIV. Advisory Services Network LLC acquired a new stake in i3 Verticals in the third quarter worth about $75,000. Verition Fund Management LLC boosted its stake in shares of i3 Verticals by 129.3% in the 3rd quarter. Verition Fund Management LLC now owns 26,731 shares of the company’s stock valued at $868,000 after purchasing an additional 15,074 shares during the last quarter. Punch & Associates Investment Management Inc. boosted its stake in shares of i3 Verticals by 1.4% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 777,477 shares of the company’s stock valued at $25,237,000 after purchasing an additional 10,834 shares during the last quarter. Mariner LLC acquired a new stake in shares of i3 Verticals during the 3rd quarter worth approximately $1,812,000. Finally, Mercer Global Advisors Inc. ADV bought a new stake in shares of i3 Verticals during the third quarter worth approximately $298,000. Institutional investors own 84.22% of the company’s stock.

i3 Verticals Stock Down 0.6%

Shares of IIIV opened at $26.16 on Wednesday. The company has a 50-day moving average price of $27.18 and a two-hundred day moving average price of $28.76. The stock has a market cap of $846.28 million, a price-to-earnings ratio of 38.47 and a beta of 1.06. i3 Verticals has a 12 month low of $22.00 and a 12 month high of $33.97.

i3 Verticals (NASDAQ:IIIV) last released its quarterly earnings data on Monday, November 17th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.01. The company had revenue of $109.80 million for the quarter, compared to analyst estimates of $53.68 million. i3 Verticals had a return on equity of 4.66% and a net margin of 7.72%.i3 Verticals has set its FY 2026 guidance at 1.060-1.160 EPS. Equities research analysts expect that i3 Verticals will post 0.9 EPS for the current fiscal year.

About i3 Verticals

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.