i3 Verticals, Inc. (NASDAQ:IIIV) Receives Average Recommendation of “Moderate Buy” from Analysts

i3 Verticals, Inc. (NASDAQ:IIIV) has received an average rating of “Moderate Buy” from the seven research firms that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $29.86.

A number of equities research analysts have commented on the company. BMO Capital Markets raised their target price on i3 Verticals from $22.00 to $26.00 and gave the company a “market perform” rating in a report on Monday, February 10th. Benchmark reissued a “buy” rating and issued a $33.00 target price on shares of i3 Verticals in a report on Tuesday, November 19th. Stephens reissued an “overweight” rating and issued a $29.00 target price on shares of i3 Verticals in a report on Tuesday, November 19th. KeyCorp raised their target price on i3 Verticals from $27.00 to $32.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Finally, DA Davidson raised their price target on i3 Verticals from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Monday, February 10th.

Institutional Trading of i3 Verticals

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in i3 Verticals by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 1,325,690 shares of the company’s stock worth $30,544,000 after buying an additional 19,342 shares during the last quarter. Long Path Partners LP boosted its stake in i3 Verticals by 5.0% in the 4th quarter. Long Path Partners LP now owns 979,777 shares of the company’s stock worth $22,574,000 after buying an additional 46,679 shares during the last quarter. AltraVue Capital LLC acquired a new stake in i3 Verticals in the 4th quarter worth about $20,993,000. Forager Capital Management LLC acquired a new stake in i3 Verticals in the 4th quarter worth about $17,626,000. Finally, Portolan Capital Management LLC boosted its stake in i3 Verticals by 3.5% in the 4th quarter. Portolan Capital Management LLC now owns 676,135 shares of the company’s stock worth $15,578,000 after buying an additional 23,063 shares during the last quarter. 84.22% of the stock is owned by institutional investors and hedge funds.

i3 Verticals Price Performance

Shares of NASDAQ IIIV opened at $25.40 on Thursday. The stock has a fifty day moving average price of $25.47 and a 200 day moving average price of $23.79. i3 Verticals has a 1-year low of $18.75 and a 1-year high of $29.80. The company has a market cap of $840.08 million, a PE ratio of 5.66 and a beta of 1.52.

i3 Verticals (NASDAQ:IIIV) last released its earnings results on Thursday, February 6th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.05). i3 Verticals had a net margin of 41.85% and a return on equity of 3.36%. Analysts anticipate that i3 Verticals will post 0.9 earnings per share for the current fiscal year.

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.