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

Shares of i3 Verticals, Inc. (NASDAQ:IIIV) have been given an average rating of “Moderate Buy” by the seven ratings firms that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $27.14.

Several brokerages have issued reports on IIIV. Stephens reissued an “overweight” rating and set a $29.00 price objective on shares of i3 Verticals in a research report on Tuesday, November 19th. DA Davidson restated a “buy” rating and issued a $32.00 price target on shares of i3 Verticals in a research report on Monday, September 30th. Benchmark reaffirmed a “buy” rating and set a $33.00 price objective on shares of i3 Verticals in a research report on Tuesday, November 19th. Finally, BMO Capital Markets dropped 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.

Insider Transactions at i3 Verticals

In other news, President Frederick Stanford sold 17,577 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $25.28, for a total transaction of $444,346.56. Following the transaction, the president now directly owns 100,000 shares of the company’s stock, valued at $2,528,000. This represents a 14.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 34.00% of the company’s stock.

Institutional Trading of i3 Verticals

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Long Path Partners LP purchased a new position in i3 Verticals in the second quarter valued at about $12,756,000. TimesSquare Capital Management LLC purchased a new position in i3 Verticals in the 3rd quarter valued at approximately $11,373,000. Mason Capital Management LLC acquired a new position in i3 Verticals during the second quarter worth $7,443,000. Hood River Capital Management LLC boosted its position in i3 Verticals by 6.3% during the second quarter. Hood River Capital Management LLC now owns 1,190,184 shares of the company’s stock worth $26,279,000 after purchasing an additional 70,253 shares in the last quarter. Finally, Shellback Capital LP grew its holdings in i3 Verticals by 39.6% in the second quarter. Shellback Capital LP now owns 181,652 shares of the company’s stock valued at $4,011,000 after purchasing an additional 51,565 shares during the last quarter. Institutional investors and hedge funds own 84.22% of the company’s stock.

i3 Verticals Price Performance

Shares of NASDAQ:IIIV opened at $23.39 on Wednesday. i3 Verticals has a 12 month low of $17.54 and a 12 month high of $26.66. The firm has a market capitalization of $784.50 million, a P/E ratio of 5.26 and a beta of 1.49. The company’s fifty day moving average price is $23.89 and its 200 day moving average price is $22.98.

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.