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

Shares of i3 Verticals, Inc. (NASDAQ:IIIV) have earned an average rating of “Moderate Buy” from the seven brokerages that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $27.57.

A number of brokerages have recently commented on IIIV. TheStreet raised 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 i3 Verticals from $25.00 to $24.00 and set a “market perform” rating for the company in a research note on Monday, May 13th. Benchmark reiterated a “buy” rating and issued a $28.00 price objective on shares of i3 Verticals in a research report on Monday, April 1st. Finally, KeyCorp boosted their price objective on i3 Verticals from $23.00 to $26.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Conestoga Capital Advisors LLC increased its position in shares of i3 Verticals by 0.9% in the first quarter. Conestoga Capital Advisors LLC now owns 70,222 shares of the company’s stock worth $1,607,000 after purchasing an additional 640 shares during the period. Comerica Bank increased its position in shares of i3 Verticals by 46.0% in the first quarter. Comerica Bank now owns 2,133 shares of the company’s stock worth $49,000 after purchasing an additional 672 shares during the period. Victory Capital Management Inc. increased its position in shares of i3 Verticals by 2.4% in the fourth quarter. Victory Capital Management Inc. now owns 43,000 shares of the company’s stock worth $910,000 after purchasing an additional 1,025 shares during the period. YHB Investment Advisors Inc. bought a new position in shares of i3 Verticals in the first quarter worth $25,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of i3 Verticals by 36.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,992 shares of the company’s stock worth $106,000 after purchasing an additional 1,345 shares during the period. Institutional investors own 84.22% of the company’s stock.

i3 Verticals Stock Performance

Shares of NASDAQ:IIIV opened at $19.51 on Friday. The stock has a market capitalization of $653.00 million, a P/E ratio of 1,952.95 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 current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.99. The business has a 50-day moving average price of $20.78 and a two-hundred day moving average price of $20.91.

i3 Verticals (NASDAQ:IIIV) last announced its quarterly earnings results on Friday, May 10th. The company reported $0.16 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 the consensus estimate of $96.27 million. i3 Verticals had a net margin of 0.63% and a return on equity of 8.91%. Equities analysts predict that i3 Verticals will post 0.91 earnings per share 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.