i3 Verticals’ (IIIV) “Overweight” Rating Reiterated at Stephens

Stephens reaffirmed their overweight rating on shares of i3 Verticals (NASDAQ:IIIV) in a research note published on Tuesday,Benzinga reports. They currently have a $29.00 price target on the stock.

Several other research analysts have also commented on IIIV. Benchmark reissued a “buy” rating and issued a $33.00 price objective on shares of i3 Verticals in a research report on Tuesday. BMO Capital Markets reduced their price target on i3 Verticals from $23.00 to $21.00 and set a “market perform” rating on the stock in a research report on Thursday, October 3rd. DA Davidson reaffirmed a “buy” rating and issued a $32.00 price objective on shares of i3 Verticals in a research report on Monday, September 30th. KeyCorp reduced their target price on shares of i3 Verticals from $28.00 to $27.00 and set an “overweight” rating on the stock in a research report on Monday, August 12th. Finally, Raymond James lowered their price target on shares of i3 Verticals from $31.00 to $28.00 and set a “strong-buy” rating for the company in a report on Monday, August 12th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $27.14.

i3 Verticals Stock Performance

Shares of IIIV stock opened at $23.19 on Tuesday. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 1.01. The company has a market cap of $783.59 million, a PE ratio of -257.67 and a beta of 1.53. The company’s fifty day simple moving average is $22.88 and its 200-day simple moving average is $21.96. i3 Verticals has a 52 week low of $17.54 and a 52 week high of $26.00.

Institutional Trading of i3 Verticals

Several institutional investors have recently added to or reduced their stakes in IIIV. Comerica Bank increased its position in shares of i3 Verticals by 46.0% in the 1st quarter. Comerica Bank now owns 2,133 shares of the company’s stock worth $49,000 after purchasing an additional 672 shares during the last quarter. Quantbot Technologies LP acquired a new position in i3 Verticals in the third quarter worth about $109,000. SG Americas Securities LLC bought a new stake in i3 Verticals in the second quarter valued at about $116,000. Atom Investors LP acquired a new stake in i3 Verticals during the third quarter valued at approximately $218,000. Finally, Sanctuary Advisors LLC bought a new position in i3 Verticals during the 2nd quarter worth approximately $292,000. 84.22% of the stock is owned by institutional investors and hedge funds.

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.