i3 Verticals’ (IIIV) Overweight Rating Reiterated at Stephens

Stephens restated their overweight rating on shares of i3 Verticals (NASDAQ:IIIV) in a research report released on Tuesday morning,Benzinga reports. The firm currently has a $29.00 price target on the stock.

A number of other research firms have also recently commented on IIIV. Benchmark reiterated a “buy” rating and set a $33.00 price target on shares of i3 Verticals in a report on Tuesday. KeyCorp reduced their target price on i3 Verticals from $28.00 to $27.00 and set an “overweight” rating for the company in a research note on Monday, August 12th. BMO Capital Markets dropped their price target on i3 Verticals from $23.00 to $21.00 and set a “market perform” rating on the stock in a research note on Thursday, October 3rd. DA Davidson reaffirmed a “buy” rating and set a $32.00 price objective on shares of i3 Verticals in a research report on Monday, September 30th. Finally, Raymond James decreased their price objective on shares of i3 Verticals from $31.00 to $28.00 and set a “strong-buy” rating on the stock in a report on Monday, August 12th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, i3 Verticals currently has a consensus rating of “Moderate Buy” and an average target price of $27.14.

i3 Verticals Price Performance

NASDAQ:IIIV opened at $23.38 on Tuesday. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 1.01. The firm has a fifty day simple moving average of $22.97 and a 200 day simple moving average of $21.98. i3 Verticals has a 1-year low of $17.54 and a 1-year high of $26.00. The stock has a market capitalization of $790.01 million, a PE ratio of 5.25 and a beta of 1.53.

Hedge Funds Weigh In On i3 Verticals

A number of hedge funds have recently bought and sold shares of IIIV. Comerica Bank grew its position in shares of i3 Verticals by 46.0% during the 1st quarter. Comerica Bank now owns 2,133 shares of the company’s stock worth $49,000 after purchasing an additional 672 shares in the last quarter. Quantbot Technologies LP bought a new position in i3 Verticals during the 3rd quarter worth $109,000. SG Americas Securities LLC bought a new position in i3 Verticals during the 2nd quarter worth $116,000. Atom Investors LP bought a new stake in shares of i3 Verticals during the 3rd quarter valued at $218,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of i3 Verticals during the 2nd quarter worth $292,000. 84.22% of the stock is owned by institutional investors.

i3 Verticals Company Profile

i3 Verticals, Inc provides integrated payment and software solutions primarily to the public sector and healthcare markets in the United States. It operates in two segments, Software and Services, and Merchant Services. The company offers payment processing services that enables upper and lower court case management, collections, finance and accounting, motor vehicle and carrier registration, e-filing and taxation, license plate inventory, property tax management, utility billing, professional licensing, document workflow, and law enforcement software; assists public schools in completing payment processing functions, including accepting payments for online or at school lunches, and school activities.