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

i3 Verticals, Inc. (NASDAQ:IIIV) has received a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $29.86.

IIIV has been the topic of a number of recent research reports. DA Davidson upped their target price on shares of i3 Verticals from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. KeyCorp upped their target price on shares of i3 Verticals from $27.00 to $32.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. BMO Capital Markets upped their target price on shares of i3 Verticals from $22.00 to $26.00 and gave the stock a “market perform” rating in a research note on Monday, February 10th. Benchmark reiterated a “buy” rating and issued a $33.00 price target on shares of i3 Verticals in a research note on Tuesday, November 19th. Finally, Stephens reiterated an “overweight” rating and issued a $29.00 price target on shares of i3 Verticals in a research note on Tuesday, November 19th.

Institutional Investors Weigh In On i3 Verticals

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of i3 Verticals by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 1,325,690 shares of the company’s stock valued at $30,544,000 after acquiring an additional 19,342 shares during the period. Long Path Partners LP boosted its holdings in shares of i3 Verticals by 5.0% in the fourth quarter. Long Path Partners LP now owns 979,777 shares of the company’s stock valued at $22,574,000 after acquiring an additional 46,679 shares during the period. AltraVue Capital LLC acquired a new stake in shares of i3 Verticals in the fourth quarter valued at approximately $20,993,000. Forager Capital Management LLC acquired a new stake in shares of i3 Verticals in the fourth quarter valued at approximately $17,626,000. Finally, Portolan Capital Management LLC boosted its holdings in shares of i3 Verticals by 3.5% in the fourth quarter. Portolan Capital Management LLC now owns 676,135 shares of the company’s stock valued at $15,578,000 after acquiring an additional 23,063 shares during the period. 84.22% of the stock is owned by institutional investors and hedge funds.

i3 Verticals Price Performance

Shares of NASDAQ:IIIV opened at $25.40 on Thursday. The firm has a market capitalization of $840.08 million, a PE ratio of 5.66 and a beta of 1.52. The firm’s 50-day moving average is $25.47 and its two-hundred day moving average is $23.79. i3 Verticals has a 1 year low of $18.75 and a 1 year high of $29.80.

i3 Verticals (NASDAQ:IIIV) last released its earnings results on Thursday, February 6th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.05). i3 Verticals had a return on equity of 3.36% and a net margin of 41.85%. Analysts expect that i3 Verticals will post 0.9 EPS for the current fiscal year.

About i3 Verticals

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.