Brokerages Set i3 Verticals, Inc. (NASDAQ:IIIV) PT at $27.57

i3 Verticals, Inc. (NASDAQ:IIIV) has earned a consensus rating of “Moderate Buy” from the seven analysts that are 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 given a strong buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $27.57.

Several research firms recently commented on IIIV. Benchmark reissued a “buy” rating and set a $28.00 target price on shares of i3 Verticals in a research note on Monday, April 1st. TheStreet upgraded shares of i3 Verticals from a “d+” rating to a “c-” rating in a research note on Monday, March 18th. BMO Capital Markets lowered their price target on shares of 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 objective 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.

Institutional Trading of i3 Verticals

Several institutional investors have recently modified their holdings of the stock. YHB Investment Advisors Inc. acquired a new position in shares of i3 Verticals in the 1st quarter valued at $25,000. Cape Investment Advisory Inc. acquired a new stake in shares of i3 Verticals during the 4th quarter valued at approximately $30,000. Comerica Bank boosted its position in i3 Verticals by 46.0% during the first quarter. Comerica Bank now owns 2,133 shares of the company’s stock worth $49,000 after purchasing an additional 672 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of i3 Verticals by 36.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,992 shares of the company’s stock worth $106,000 after buying an additional 1,345 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in i3 Verticals by 31.0% during the 4th quarter. SG Americas Securities LLC now owns 7,762 shares of the company’s stock valued at $164,000 after acquiring an additional 1,836 shares in the last quarter. Hedge funds and other institutional investors own 84.22% of the company’s stock.

i3 Verticals Stock Up 0.4 %

Shares of NASDAQ:IIIV opened at $19.75 on Friday. The firm has a market capitalization of $661.07 million, a PE ratio of 1,975.00 and a beta of 1.59. i3 Verticals has a 1 year low of $17.54 and a 1 year high of $25.70. 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 firm’s 50-day moving average is $20.54 and its two-hundred day moving average is $20.91.

i3 Verticals (NASDAQ:IIIV) last announced its earnings results on Friday, May 10th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.03). i3 Verticals had a return on equity of 8.91% and a net margin of 0.63%. The business had revenue of $94.54 million for the quarter, compared to analysts’ expectations of $96.27 million. Analysts predict that i3 Verticals will post 0.91 EPS for the current year.

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.