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

i3 Verticals, Inc. (NASDAQ:IIIV) has been given a consensus rating of “Moderate Buy” by the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $29.86.

IIIV has been the subject of several research reports. Morgan Stanley raised their target price on i3 Verticals from $22.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 12th. KeyCorp upped their target price on shares of i3 Verticals from $27.00 to $32.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. BMO Capital Markets increased their price target on shares of i3 Verticals from $22.00 to $26.00 and gave the stock a “market perform” rating in a research report on Monday, February 10th. Finally, DA Davidson lifted their price objective on i3 Verticals from $32.00 to $34.00 and gave the company a “buy” rating in a report on Monday, February 10th.

Institutional Trading of i3 Verticals

Several hedge funds have recently modified their holdings of the company. Johnson Financial Group Inc. bought a new stake in i3 Verticals during the 4th quarter worth approximately $72,000. KLP Kapitalforvaltning AS acquired a new position in i3 Verticals in the fourth quarter worth $99,000. Quantbot Technologies LP bought a new stake in shares of i3 Verticals during the third quarter worth $109,000. CIBC Private Wealth Group LLC grew its holdings in shares of i3 Verticals by 52.4% during the fourth quarter. CIBC Private Wealth Group LLC now owns 5,260 shares of the company’s stock worth $126,000 after purchasing an additional 1,809 shares during the last quarter. Finally, AlphaQuest LLC increased its stake in shares of i3 Verticals by 688,600.0% in the fourth quarter. AlphaQuest LLC now owns 6,887 shares of the company’s stock valued at $159,000 after buying an additional 6,886 shares in the last quarter. Institutional investors and hedge funds own 84.22% of the company’s stock.

i3 Verticals Stock Performance

NASDAQ:IIIV opened at $24.77 on Monday. The firm’s 50-day moving average is $25.60 and its 200-day moving average is $24.00. i3 Verticals has a 52-week low of $18.75 and a 52-week high of $29.80. The company has a market cap of $819.24 million, a price-to-earnings ratio of 5.52 and a beta of 1.52.

i3 Verticals (NASDAQ:IIIV) last announced its quarterly earnings data 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 return on equity of 3.36% and a net margin of 41.85%. Equities analysts predict that i3 Verticals will post 0.9 EPS for the current 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.