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

i3 Verticals, Inc. (NASDAQ:IIIV) has received a consensus rating of “Moderate Buy” from the six research firms that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $26.83.

A number of equities analysts recently issued reports on IIIV shares. Benchmark reiterated a “buy” rating and issued a $33.00 price target on shares of i3 Verticals in a research note on Tuesday, September 3rd. Stephens reiterated an “overweight” rating and issued a $29.00 price target on shares of i3 Verticals in a research note on Friday, August 16th. Raymond James dropped their price target on shares of i3 Verticals from $31.00 to $28.00 and set a “strong-buy” rating on the stock in a research note on Monday, August 12th. Finally, KeyCorp dropped their price target on shares of i3 Verticals from $28.00 to $27.00 and set an “overweight” rating on the stock in a research note on Monday, August 12th.

i3 Verticals Stock Performance

Shares of IIIV stock opened at $21.55 on Thursday. i3 Verticals has a 12 month low of $17.54 and a 12 month high of $25.51. The stock has a market cap of $728.17 million, a PE ratio of 2,157.16 and a beta of 1.55. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 1.01. The company’s fifty day moving average price is $22.63 and its 200-day moving average price is $21.82.

i3 Verticals (NASDAQ:IIIV) last announced its earnings results on Thursday, August 8th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $56.04 million for the quarter, compared to the consensus estimate of $96.43 million. On average, equities analysts expect that i3 Verticals will post 0.64 EPS for the current fiscal year.

Hedge Funds Weigh In On i3 Verticals

Several hedge funds and other institutional investors have recently bought and sold shares of IIIV. YHB Investment Advisors Inc. bought a new position in i3 Verticals during the 1st quarter valued at about $25,000. Cape Investment Advisory Inc. bought a new position in i3 Verticals during the 4th quarter valued at about $30,000. Comerica Bank lifted its stake in i3 Verticals by 46.0% during the 1st quarter. Comerica Bank now owns 2,133 shares of the company’s stock valued at $49,000 after acquiring an additional 672 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in i3 Verticals by 36.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,992 shares of the company’s stock valued at $106,000 after acquiring an additional 1,345 shares during the period. Finally, SG Americas Securities LLC bought a new position in i3 Verticals during the 2nd quarter valued at about $116,000. Institutional investors own 84.22% of the company’s stock.

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.