i3 Verticals (IIIV) Projected to Post Quarterly Earnings on Thursday

i3 Verticals (NASDAQ:IIIV) is anticipated to post its quarterly earnings results after the market closes on Thursday, February 6th. Analysts expect i3 Verticals to post earnings of $0.28 per share and revenue of $58.79 million for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

i3 Verticals Stock Performance

Shares of IIIV stock opened at $25.53 on Wednesday. The firm has a fifty day moving average of $23.88 and a 200-day moving average of $23.20. i3 Verticals has a 52-week low of $17.54 and a 52-week high of $26.66. The stock has a market cap of $856.28 million, a price-to-earnings ratio of 5.74 and a beta of 1.51.

Insider Activity

In other news, President Frederick Stanford sold 17,577 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $25.28, for a total value 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 59.07% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Benchmark reaffirmed a “buy” rating and set a $33.00 price objective on shares of i3 Verticals in a report on Tuesday, November 19th. Stephens reaffirmed an “overweight” rating and set a $29.00 price target on shares of i3 Verticals in a report on Tuesday, November 19th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, i3 Verticals has a consensus rating of “Moderate Buy” and a consensus target price of $27.14.

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.