Brokerages Set i3 Verticals, Inc. (NASDAQ:IIIV) PT at $27.14

Shares of i3 Verticals, Inc. (NASDAQ:IIIV) have earned an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $27.14.

Several analysts recently weighed in on the stock. DA Davidson reissued a “buy” rating and issued a $32.00 price objective on shares of i3 Verticals in a research note on Monday, September 30th. KeyCorp decreased their price target 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. Stephens restated an “overweight” rating and set a $29.00 price objective on shares of i3 Verticals in a research report on Tuesday, November 19th. BMO Capital Markets reduced their target price on i3 Verticals from $23.00 to $21.00 and set a “market perform” rating on the stock in a report on Thursday, October 3rd. Finally, Raymond James lowered their price target on shares of i3 Verticals from $31.00 to $28.00 and set a “strong-buy” rating for the company in a report on Monday, August 12th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Comerica Bank boosted 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 in the third quarter worth approximately $109,000. SG Americas Securities LLC bought a new position in i3 Verticals in the second quarter worth approximately $116,000. EntryPoint Capital LLC acquired a new stake in i3 Verticals in the first quarter valued at approximately $210,000. Finally, Atom Investors LP bought a new stake in shares of i3 Verticals during the third quarter valued at approximately $218,000. 84.22% of the stock is owned by institutional investors.

i3 Verticals Trading Up 1.5 %

IIIV opened at $24.02 on Tuesday. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.98 and a quick ratio of 2.98. i3 Verticals has a fifty-two week low of $17.54 and a fifty-two week high of $26.00. The company’s 50 day moving average price is $23.03 and its two-hundred day moving average price is $22.00. The firm has a market capitalization of $811.64 million, a price-to-earnings ratio of 5.40 and a beta of 1.53.

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.