i3 Verticals, Inc. (NASDAQ:IIIV – Get Rating) Director David K. Morgan purchased 1,000 shares of the firm’s stock in a transaction on Tuesday, November 22nd. The shares were acquired at an average cost of $23.73 per share, for a total transaction of $23,730.00. Following the completion of the purchase, the director now directly owns 8,000 shares of the company’s stock, valued at approximately $189,840. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
i3 Verticals Stock Performance
Shares of IIIV traded up $0.95 during mid-day trading on Thursday, hitting $25.08. 174,696 shares of the company’s stock traded hands, compared to its average volume of 163,981. The business’s 50-day moving average price is $21.04 and its 200-day moving average price is $23.39. i3 Verticals, Inc. has a 1 year low of $17.80 and a 1 year high of $30.26. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.75 and a quick ratio of 0.69.
Analyst Ratings Changes
Several research firms recently commented on IIIV. Morgan Stanley increased their target price on shares of i3 Verticals from $25.50 to $26.00 and gave the company an “equal weight” rating in a report on Wednesday, August 10th. DA Davidson boosted their target price on i3 Verticals to $36.00 in a research note on Monday. BTIG Research raised their price target on i3 Verticals to $34.00 in a research report on Monday, August 15th. Finally, Raymond James lowered their price objective on i3 Verticals from $40.00 to $36.00 and set a “strong-buy” rating for the company in a research report on Thursday, October 6th. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, i3 Verticals has an average rating of “Buy” and an average target price of $32.40.
Institutional Inflows and Outflows
About i3 Verticals
i3 Verticals, Inc provides integrated payment and software solutions to small- and medium-sized businesses and organizations in education, non-profit, public sector, and healthcare markets in the United States. It operates in two segments, Merchant Services, and Proprietary Software and Payments. The company offers payment processing services that enables clients to accept electronic payments, facilitating the exchange of funds and transaction data between clients, financial institutions, and payment networks.
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