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

i3 Verticals, Inc. (NASDAQ:IIIV) has received an average rating of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $26.67.

IIIV has been the subject of a number of research analyst reports. Stephens upped their price objective on i3 Verticals from $27.00 to $29.00 and gave the stock an “overweight” rating in a report on Thursday, June 27th. Benchmark restated a “buy” rating and issued a $28.00 price objective on shares of i3 Verticals in a report on Monday, April 1st. BMO Capital Markets decreased their target price on i3 Verticals from $25.00 to $24.00 and set a “market perform” rating for the company in a report on Monday, May 13th. Finally, KeyCorp raised their price target on shares of i3 Verticals from $23.00 to $26.00 and gave the company an “overweight” rating in a report on Monday, April 22nd.

i3 Verticals Stock Up 0.3 %

IIIV opened at $23.99 on Wednesday. i3 Verticals has a 12 month low of $17.54 and a 12 month high of $25.70. The business has a 50-day moving average of $20.71 and a two-hundred day moving average of $21.15. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market capitalization of $802.95 million, a price-to-earnings ratio of 2,401.40 and a beta of 1.58.

i3 Verticals (NASDAQ:IIIV) last released its earnings results on Friday, May 10th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). The company had revenue of $94.54 million during the quarter, compared to analysts’ expectations of $96.27 million. i3 Verticals had a net margin of 0.63% and a return on equity of 8.91%. On average, research analysts expect that i3 Verticals will post 0.9 earnings per share for the current year.

Institutional Investors Weigh In On i3 Verticals

Hedge funds have recently modified their holdings of the stock. Hood River Capital Management LLC boosted its holdings in i3 Verticals by 43.1% in the 1st quarter. Hood River Capital Management LLC now owns 1,119,931 shares of the company’s stock worth $25,635,000 after acquiring an additional 337,576 shares during the period. Confluence Investment Management LLC boosted its stake in shares of i3 Verticals by 102.7% in the second quarter. Confluence Investment Management LLC now owns 306,540 shares of the company’s stock valued at $6,768,000 after purchasing an additional 155,338 shares during the period. CIBC Private Wealth Group LLC grew its holdings in i3 Verticals by 147.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 245,440 shares of the company’s stock valued at $5,196,000 after purchasing an additional 146,222 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in i3 Verticals by 33.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 429,065 shares of the company’s stock worth $9,474,000 after buying an additional 107,054 shares during the period. Finally, Cullen Investment Group LTD. acquired a new position in i3 Verticals in the 4th quarter worth $1,878,000. 84.22% of the stock is currently owned by hedge funds and other institutional investors.

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.