Brokerages Set i3 Verticals, Inc. (NASDAQ:IIIV) PT at $26.83

i3 Verticals, Inc. (NASDAQ:IIIV) has received an average rating of “Moderate Buy” from the six analysts that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $26.83.

IIIV has been the subject of several recent research reports. Benchmark reiterated a “buy” rating and set a $33.00 target price on shares of i3 Verticals in a research note on Tuesday, September 3rd. KeyCorp decreased their target price on shares of 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 decreased their target price on shares of i3 Verticals from $25.00 to $24.00 and set a “market perform” rating for the company in a research note on Monday, May 13th. Raymond James reduced their price objective on shares of i3 Verticals from $31.00 to $28.00 and set a “strong-buy” rating for the company in a research report on Monday, August 12th. Finally, Stephens restated an “overweight” rating and issued a $29.00 price objective on shares of i3 Verticals in a research report on Friday, August 16th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in IIIV. YHB Investment Advisors Inc. purchased a new position in i3 Verticals in the first quarter valued at about $25,000. Cape Investment Advisory Inc. purchased a new position in i3 Verticals in the fourth quarter valued at about $30,000. Comerica Bank increased its holdings in i3 Verticals by 46.0% in the first quarter. Comerica Bank now owns 2,133 shares of the company’s stock valued at $49,000 after buying an additional 672 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in i3 Verticals by 36.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,992 shares of the company’s stock valued at $106,000 after buying an additional 1,345 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in i3 Verticals in the second quarter valued at about $116,000. 84.22% of the stock is owned by hedge funds and other institutional investors.

i3 Verticals Stock Performance

NASDAQ IIIV opened at $21.25 on Thursday. 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 1 year low of $17.54 and a 1 year high of $25.51. The company has a market capitalization of $718.04 million, a PE ratio of 2,127.13 and a beta of 1.55. The company has a fifty day moving average of $22.66 and a two-hundred day moving average of $21.83.

i3 Verticals (NASDAQ:IIIV) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.31). i3 Verticals had a negative net margin of 0.01% and a positive return on equity of 5.99%. The company had revenue of $56.04 million during the quarter, compared to analyst estimates of $96.43 million. As a group, analysts expect that i3 Verticals will post 0.64 earnings per share for the current year.

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.