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

Shares of i3 Verticals, Inc. (NASDAQ:IIIV) have been given a consensus rating of “Moderate Buy” by the seven analysts that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $29.86.

IIIV has been the subject of a number of recent analyst reports. Morgan Stanley raised their price target on shares of i3 Verticals from $22.00 to $27.00 and gave the company an “equal weight” rating in a report on Wednesday, February 12th. Stephens reissued an “overweight” rating and issued a $29.00 price objective on shares of i3 Verticals in a research report on Tuesday, November 19th. DA Davidson boosted their price target on i3 Verticals from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. KeyCorp increased their price target on i3 Verticals from $27.00 to $32.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Finally, BMO Capital Markets lifted their price objective on i3 Verticals from $22.00 to $26.00 and gave the stock a “market perform” rating in a report on Monday, February 10th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of IIIV. Vanguard Group Inc. raised its position in shares of i3 Verticals by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 1,325,690 shares of the company’s stock valued at $30,544,000 after acquiring an additional 19,342 shares in the last quarter. Long Path Partners LP increased its stake in i3 Verticals by 5.0% during the fourth quarter. Long Path Partners LP now owns 979,777 shares of the company’s stock valued at $22,574,000 after purchasing an additional 46,679 shares during the last quarter. AltraVue Capital LLC acquired a new stake in shares of i3 Verticals during the fourth quarter worth $20,993,000. Forager Capital Management LLC bought a new position in shares of i3 Verticals in the 4th quarter worth about $17,626,000. Finally, Portolan Capital Management LLC boosted its holdings in shares of i3 Verticals by 3.5% in the 4th quarter. Portolan Capital Management LLC now owns 676,135 shares of the company’s stock valued at $15,578,000 after buying an additional 23,063 shares during the period. Institutional investors own 84.22% of the company’s stock.

i3 Verticals Price Performance

NASDAQ:IIIV opened at $26.16 on Thursday. The business’s 50-day moving average is $25.25 and its two-hundred day moving average is $23.64. The firm has a market capitalization of $865.22 million, a PE ratio of 5.83 and a beta of 1.51. i3 Verticals has a 12 month low of $18.75 and a 12 month high of $29.80.

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