i3 Verticals (NASDAQ:IIIV) Stock Price Down 6.5% – Should You Sell?

i3 Verticals, Inc. (NASDAQ:IIIV)’s stock price traded down 6.5% on Monday . The stock traded as low as $19.25 and last traded at $19.27. 190,609 shares were traded during mid-day trading, a decline of 49% from the average session volume of 373,945 shares. The stock had previously closed at $20.62.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Weiss Ratings raised shares of i3 Verticals from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, May 12th. Cantor Fitzgerald cut their price objective 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. 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. Finally, DA Davidson cut their price objective 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. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, i3 Verticals currently has an average rating of “Moderate Buy” and a consensus target price of $29.83.

i3 Verticals Stock Down 5.0%

The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.34 and a current ratio of 1.34. The firm’s 50-day moving average is $20.84 and its 200 day moving average is $22.73. The firm has a market capitalization of $547.15 million, a PE ratio of 27.99 and a beta of 0.84.

i3 Verticals (NASDAQ:IIIV) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.32 EPS for the quarter, topping 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 business had revenue of $57.52 million for the quarter, compared to analyst estimates of $57.51 million. i3 Verticals has set its FY 2026 guidance at 1.090-1.150 EPS. As a group, research analysts forecast that i3 Verticals, Inc. will post 0.67 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Gregory S. Daily bought 50,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was purchased at an average price of $19.23 per share, with a total value of $961,500.00. Following the purchase, the chief executive officer owned 50,000 shares of the company’s stock, valued at $961,500. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 60.09% of the company’s stock.

Institutional Trading of i3 Verticals

Institutional investors have recently modified their holdings of the company. Thrivent Financial for Lutherans lifted its holdings in i3 Verticals by 11.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 728,505 shares of the company’s stock worth $18,351,000 after buying an additional 73,420 shares during the period. UBS Group AG lifted its stake in shares of i3 Verticals by 91.3% in the 4th quarter. UBS Group AG now owns 369,135 shares of the company’s stock valued at $9,299,000 after purchasing an additional 176,181 shares during the period. William Blair Investment Management LLC acquired a new position in shares of i3 Verticals in the 4th quarter valued at about $9,733,000. Envestnet Asset Management Inc. lifted its stake in shares of i3 Verticals by 56.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 148,922 shares of the company’s stock valued at $4,834,000 after purchasing an additional 53,611 shares during the period. Finally, Royce & Associates LP lifted its stake in shares of i3 Verticals by 10.9% in the 3rd quarter. Royce & Associates LP now owns 469,342 shares of the company’s stock valued at $15,235,000 after purchasing an additional 45,940 shares during the period. Hedge funds and other institutional investors own 84.22% of the company’s stock.

About i3 Verticals

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.