i3 Verticals’ (IIIV) Buy Rating Reiterated at DA Davidson

DA Davidson reissued their buy rating on shares of i3 Verticals (NASDAQ:IIIV) in a research note issued to investors on Monday morning,Benzinga reports. DA Davidson currently has a $35.00 price target on the stock.

Other equities research analysts also recently issued reports about the stock. Zacks Research raised shares of i3 Verticals from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 30th. KeyCorp reduced their target price on i3 Verticals from $35.00 to $32.00 and set an “overweight” rating for the company in a report on Wednesday, November 19th. Morgan Stanley dropped their price target on 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, Weiss Ratings reissued a “hold (c)” rating on shares of i3 Verticals in a research report on Monday, December 29th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $33.33.

i3 Verticals Trading Down 0.5%

Shares of i3 Verticals stock opened at $20.72 on Monday. The company has a market capitalization of $670.29 million, a P/E ratio of 30.47 and a beta of 0.99. The stock has a fifty day simple moving average of $24.82 and a 200 day simple moving average of $28.37. i3 Verticals has a 12-month low of $20.21 and a 12-month high of $33.97.

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

Insider Activity at i3 Verticals

In other news, CRO Paul Christians sold 9,000 shares of the company’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $23.27, for a total transaction of $209,430.00. Following the transaction, the executive owned 45,818 shares of the company’s stock, valued at $1,066,184.86. This represents a 16.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Frederick Stanford sold 11,347 shares of i3 Verticals stock in a transaction dated Friday, November 21st. The stock was 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 approximately $1,056,839.13. This trade represents a 20.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 23,639 shares of company stock worth $562,425. 60.09% of the stock is owned by company insiders.

Institutional Investors Weigh In On i3 Verticals

Several institutional investors have recently added to or reduced their stakes in the business. Mutual of America Capital Management LLC bought a new stake in shares of i3 Verticals during the 3rd quarter valued at $3,145,000. Sequoia Financial Advisors LLC purchased a new position in i3 Verticals during the 2nd quarter valued at about $281,000. Tectonic Advisors LLC bought a new stake in shares of i3 Verticals during the third quarter valued at about $2,883,000. AXQ Capital LP purchased a new stake in shares of i3 Verticals in the second quarter worth about $519,000. Finally, Thrivent Financial for Lutherans boosted its position in shares of i3 Verticals by 274.8% in the second quarter. Thrivent Financial for Lutherans now owns 547,598 shares of the company’s stock valued at $15,048,000 after acquiring an additional 401,493 shares during the period. 84.22% of the stock is owned by hedge funds and other institutional investors.

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.