i3 Verticals (IIIV) to Release Earnings on Thursday

i3 Verticals (NASDAQ:IIIV) is expected to be posting its quarterly earnings results after the market closes on Thursday, February 6th. Analysts expect i3 Verticals to post earnings of $0.28 per share and revenue of $58.79 million for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

i3 Verticals Trading Up 2.2 %

NASDAQ IIIV opened at $25.53 on Wednesday. The firm’s 50 day simple moving average is $23.88 and its 200 day simple moving average is $23.20. The firm has a market capitalization of $856.28 million, a price-to-earnings ratio of 5.74 and a beta of 1.51. i3 Verticals has a 1 year low of $17.54 and a 1 year high of $26.66.

Insider Activity

In related news, President Frederick Stanford sold 17,577 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $25.28, for a total value of $444,346.56. Following the completion of the sale, the president now directly owns 100,000 shares in the company, valued at $2,528,000. This represents a 14.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 59.07% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Stephens reiterated an “overweight” rating and issued a $29.00 price target on shares of i3 Verticals in a research note on Tuesday, November 19th. Benchmark reiterated a “buy” rating and issued a $33.00 target price on shares of i3 Verticals in a research report on Tuesday, November 19th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $27.14.

About i3 Verticals

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.