i3 Verticals (NASDAQ:IIIV) Sets New 52-Week Low Following Analyst Downgrade

i3 Verticals, Inc. (NASDAQ:IIIV)’s stock price reached a new 52-week low during trading on Monday after Cantor Fitzgerald lowered their price target on the stock from $30.00 to $27.00. Cantor Fitzgerald currently has an overweight rating on the stock. i3 Verticals traded as low as $19.66 and last traded at $20.46, with a volume of 162639 shares changing hands. The stock had previously closed at $21.14.

A number of other brokerages also recently issued reports on IIIV. Morgan Stanley decreased their price objective on shares of i3 Verticals from $28.00 to $22.00 and set an “equal weight” rating for the company in a report on Monday, February 9th. Benchmark restated a “buy” rating on shares of i3 Verticals in a report on Monday, February 9th. DA Davidson restated a “buy” rating and issued a $35.00 price objective on shares of i3 Verticals in a report on Monday, February 2nd. Weiss Ratings lowered shares of i3 Verticals from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, April 9th. Finally, KeyCorp decreased their price objective on shares of i3 Verticals from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Monday, February 9th. Five equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $32.17.

Insider Buying and Selling at i3 Verticals

In other news, CRO Paul Christians sold 6,122 shares of the company’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $23.23, for a total value of $142,214.06. Following the sale, the executive directly owned 31,250 shares of the company’s stock, valued at $725,937.50. This represents a 16.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 60.09% of the stock is owned by corporate insiders.

Institutional Trading of i3 Verticals

Several institutional investors have recently bought and sold shares of the company. AltraVue Capital LLC grew its position in i3 Verticals by 2.1% during the 3rd quarter. AltraVue Capital LLC now owns 1,168,056 shares of the company’s stock valued at $37,915,000 after purchasing an additional 23,680 shares during the last quarter. Jennison Associates LLC grew its position in i3 Verticals by 16.5% during the 4th quarter. Jennison Associates LLC now owns 1,093,762 shares of the company’s stock valued at $27,552,000 after purchasing an additional 154,887 shares during the last quarter. Punch & Associates Investment Management Inc. grew its position in i3 Verticals by 1.4% during 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. Thrivent Financial for Lutherans grew its position in i3 Verticals by 11.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 728,505 shares of the company’s stock valued at $18,351,000 after purchasing an additional 73,420 shares during the last quarter. Finally, State Street Corp grew its position in i3 Verticals by 4.3% during the 4th quarter. State Street Corp now owns 707,344 shares of the company’s stock valued at $17,818,000 after purchasing an additional 29,482 shares during the last quarter. 84.22% of the stock is owned by hedge funds and other institutional investors.

i3 Verticals Stock Performance

The company’s 50-day moving average is $22.40 and its 200 day moving average is $24.49. The company has a market capitalization of $614.70 million, a PE ratio of 28.81 and a beta of 0.89.

i3 Verticals (NASDAQ:IIIV) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. The firm had revenue of $57.52 million for the quarter, compared to the consensus estimate of $57.51 million. i3 Verticals had a net margin of 8.59% and a return on equity of 4.06%. i3 Verticals has set its FY 2026 guidance at 1.090-1.150 EPS. On average, analysts forecast that i3 Verticals, Inc. will post 0.67 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.