i3 Verticals (NASDAQ:IIIV) Price Target Cut to $27.00 by Analysts at Cantor Fitzgerald

i3 Verticals (NASDAQ:IIIV) had its price target cut by investment analysts at Cantor Fitzgerald from $30.00 to $27.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Cantor Fitzgerald’s price objective indicates a potential upside of 32.42% from the company’s previous close.

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

i3 Verticals Price Performance

Shares of NASDAQ:IIIV traded down $0.75 during mid-day trading on Monday, hitting $20.39. The company had a trading volume of 179,411 shares, compared to its average volume of 350,034. The firm has a fifty day moving average price of $22.40 and a 200 day moving average price of $24.49. The company has a market capitalization of $621.49 million, a PE ratio of 29.13 and a beta of 0.89. i3 Verticals has a one year low of $19.66 and a one year high of $33.97.

i3 Verticals (NASDAQ:IIIV) last released its quarterly earnings data 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. The company had revenue of $57.52 million during the quarter, compared to analyst estimates 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. Research analysts expect that i3 Verticals will post 0.67 earnings per share for the current fiscal year.

Insider Activity

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

Institutional Trading of i3 Verticals

Several institutional investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company grew its stake in shares of i3 Verticals by 4.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,619 shares of the company’s stock worth $237,000 after acquiring an additional 402 shares in the last quarter. Vident Advisory LLC grew its stake in shares of i3 Verticals by 2.4% in the 4th quarter. Vident Advisory LLC now owns 25,240 shares of the company’s stock worth $636,000 after acquiring an additional 580 shares in the last quarter. TD Asset Management Inc grew its stake in shares of i3 Verticals by 1.2% in the 3rd quarter. TD Asset Management Inc now owns 66,330 shares of the company’s stock worth $2,153,000 after acquiring an additional 802 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of i3 Verticals by 65.5% in the 2nd 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. Finally, Sei Investments Co. boosted its holdings in shares of i3 Verticals by 5.9% in the 3rd quarter. Sei Investments Co. now owns 16,589 shares of the company’s stock worth $538,000 after buying an additional 923 shares during the last quarter. Institutional investors own 84.22% of the company’s stock.

i3 Verticals Company Profile

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.