Brokerages Set i3 Verticals, Inc. (NASDAQ:IIIV) Target Price at $29.83

i3 Verticals, Inc. (NASDAQ:IIIV) has received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $29.8333.

Several equities analysts have recently issued reports on the stock. Benchmark cut their price objective on shares of i3 Verticals from $39.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, May 14th. Morgan Stanley cut their price objective on shares of i3 Verticals from $28.00 to $22.00 and set an “equal weight” rating on the stock in a report on Monday, February 9th. Cantor Fitzgerald cut their price target on shares of i3 Verticals from $30.00 to $27.00 and set an “overweight” rating on the stock in a report on Monday, May 11th. DA Davidson cut their price target on shares of i3 Verticals from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Wednesday, May 13th. Finally, Weiss Ratings upgraded shares of i3 Verticals from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, May 12th.

i3 Verticals Stock Performance

IIIV opened at $20.36 on Friday. i3 Verticals has a 52-week low of $18.47 and a 52-week high of $33.97. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.18. The company has a market cap of $568.70 million, a P/E ratio of 29.09 and a beta of 0.89. The firm’s 50-day moving average price is $21.34 and its 200-day moving average price is $23.24.

i3 Verticals (NASDAQ:IIIV) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.02. i3 Verticals had a net margin of 8.59% and a return on equity of 4.19%. The firm had revenue of $57.52 million for the quarter, compared to the consensus estimate of $57.51 million. i3 Verticals has set its FY 2026 guidance at 1.090-1.150 EPS. As a group, equities analysts anticipate that i3 Verticals will post 0.67 EPS for the current fiscal year.

Insider Activity at i3 Verticals

In related news, CRO Paul Christians sold 6,122 shares of the stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $23.23, for a total value of $142,214.06. Following the transaction, the executive owned 31,250 shares in the company, valued at approximately $725,937.50. This represents a 16.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gregory S. Daily purchased 50,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was acquired at an average price of $19.23 per share, for a total transaction of $961,500.00. Following the acquisition, the chief executive officer owned 50,000 shares in the company, valued at $961,500. This trade represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. 60.09% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On i3 Verticals

Several hedge funds and other institutional investors have recently bought and sold shares of IIIV. Royal Bank of Canada increased its holdings in i3 Verticals by 31.4% in the 1st quarter. Royal Bank of Canada now owns 57,505 shares of the company’s stock worth $1,419,000 after buying an additional 13,729 shares during the period. AQR Capital Management LLC acquired a new stake in shares of i3 Verticals during the 1st quarter worth approximately $209,000. JPMorgan Chase & Co. grew its stake in shares of i3 Verticals by 11.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 12,383 shares of the company’s stock worth $340,000 after purchasing an additional 1,266 shares during the period. Invesco Ltd. grew its stake in shares of i3 Verticals by 4.6% during the 2nd quarter. Invesco Ltd. now owns 26,328 shares of the company’s stock worth $723,000 after purchasing an additional 1,156 shares during the period. Finally, Federated Hermes Inc. grew its stake in shares of i3 Verticals by 25.4% during the 2nd quarter. Federated Hermes Inc. now owns 70,587 shares of the company’s stock worth $1,940,000 after purchasing an additional 14,295 shares during the period. Institutional investors and hedge funds own 84.22% of the company’s stock.

i3 Verticals Company Profile

i3 Verticals, Inc is a provider of integrated software and merchant payment processing solutions tailored for specific vertical markets across the United States. Since its founding in 2001 and headquartered in Columbia, South Carolina, the company has focused on delivering SaaS-based applications and payment services to streamline revenue collection and management workflows for its clients.

The company’s product portfolio includes electronic payment processing for credit and debit card transactions, automated clearing house (ACH) transfers, online and mobile payment portals, and related risk management and compliance tools.