i3 Verticals, Inc. (NASDAQ:IIIV) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of i3 Verticals, Inc. (NASDAQ:IIIV) have earned a consensus rating of “Moderate Buy” from the eight research firms that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $29.8333.

IIIV has been the subject of a number of recent analyst reports. Weiss Ratings upgraded i3 Verticals from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, May 12th. Benchmark cut their price objective on i3 Verticals from $39.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, May 14th. DA Davidson cut their target price on i3 Verticals from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Wednesday, May 13th. Finally, Cantor Fitzgerald cut their price target on shares of i3 Verticals from $30.00 to $27.00 and set an “overweight” rating on the stock in a research report on Monday, May 11th.

i3 Verticals Stock Up 2.7%

Shares of IIIV stock opened at $22.43 on Thursday. i3 Verticals has a 52-week low of $18.47 and a 52-week high of $33.97. The stock has a market cap of $626.51 million, a price-to-earnings ratio of 32.04 and a beta of 0.83. The firm’s 50-day moving average is $20.65 and its 200-day moving average is $21.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.34 and a current ratio of 1.34.

i3 Verticals (NASDAQ:IIIV) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.02. i3 Verticals had a net margin of 8.59% and a return on equity of 4.19%. The firm had revenue of $57.52 million for the quarter, compared to analysts’ expectations of $57.51 million. Sell-side analysts predict that i3 Verticals will post 0.66 EPS for the current year.

Insider Buying and Selling

In other news, CEO Gregory S. Daily bought 50,000 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were purchased at an average price of $19.23 per share, with a total value of $961,500.00. Following the transaction, the chief executive officer directly owned 50,000 shares in the company, valued at $961,500. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 60.09% of the company’s stock.

Hedge Funds Weigh In On i3 Verticals

Several institutional investors have recently added to or reduced their stakes in IIIV. Fifth Third Bancorp bought a new position in shares of i3 Verticals during the 1st quarter worth $28,000. CWM LLC boosted its position in shares of i3 Verticals by 221.7% in the fourth quarter. CWM LLC now owns 1,393 shares of the company’s stock valued at $35,000 after acquiring an additional 960 shares during the period. Caitong International Asset Management Co. Ltd lifted its stake in i3 Verticals by 1,299.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,371 shares of the company’s stock worth $35,000 after purchasing an additional 1,273 shares in the last quarter. Global Retirement Partners LLC grew its position in i3 Verticals by 8,259.1% during the fourth quarter. Global Retirement Partners LLC now owns 1,839 shares of the company’s stock worth $46,000 after buying an additional 1,817 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in i3 Verticals by 65.5% in the second quarter. BNP Paribas Financial Markets now owns 2,198 shares of the company’s stock worth $60,000 after acquiring an additional 870 shares in the last quarter. Institutional investors own 84.22% of the company’s stock.

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.