i3 Verticals (NASDAQ:IIIV) PT Lowered to $27.00

i3 Verticals (NASDAQ:IIIV) had its price target lowered by research analysts at KeyCorp from $28.00 to $27.00 in a research report issued on Monday, Benzinga reports. The firm presently has an “overweight” rating on the stock. KeyCorp’s price objective indicates a potential upside of 28.39% from the company’s previous close.

IIIV has been the topic of several other research reports. BMO Capital Markets lowered their price objective on i3 Verticals from $25.00 to $24.00 and set a “market perform” rating on the stock in a research report on Monday, May 13th. Stephens raised their price target on shares of i3 Verticals from $27.00 to $29.00 and gave the stock an “overweight” rating in a research report on Thursday, June 27th. Finally, Benchmark boosted their price objective on shares of i3 Verticals from $28.00 to $33.00 and gave the company a “buy” rating in a report on Monday, July 29th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $26.83.

i3 Verticals Price Performance

i3 Verticals stock opened at $21.03 on Monday. The company has a market capitalization of $703.92 million, a price-to-earnings ratio of 2,103.00 and a beta of 1.58. The stock’s 50 day moving average is $22.00 and its 200-day moving average is $21.55. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.99. i3 Verticals has a 12 month low of $17.54 and a 12 month high of $25.51.

Hedge Funds Weigh In On i3 Verticals

Several hedge funds have recently bought and sold shares of the company. YHB Investment Advisors Inc. acquired a new stake in shares of i3 Verticals during the 1st quarter worth approximately $25,000. Cape Investment Advisory Inc. acquired a new stake in shares of i3 Verticals in the 4th quarter valued at $30,000. Comerica Bank increased its stake in shares of i3 Verticals by 46.0% in the 1st quarter. Comerica Bank now owns 2,133 shares of the company’s stock valued at $49,000 after purchasing an additional 672 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake 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 valued at $106,000 after purchasing an additional 1,345 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of i3 Verticals during the 2nd quarter worth $116,000. 84.22% of the stock is owned by 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.