i3 Verticals’ (IIIV) Buy Rating Reiterated at Benchmark

i3 Verticals (NASDAQ:IIIV)‘s stock had its “buy” rating restated by research analysts at Benchmark in a note issued to investors on Tuesday,Benzinga reports. They presently have a $33.00 price target on the stock. Benchmark’s price target suggests a potential upside of 36.87% from the company’s current price.

Several other analysts also recently commented on the stock. KeyCorp decreased their target price on shares of i3 Verticals from $28.00 to $27.00 and set an “overweight” rating for the company in a research report on Monday, August 12th. Raymond James reduced their price target on i3 Verticals from $31.00 to $28.00 and set a “strong-buy” rating for the company in a research report on Monday, August 12th. BMO Capital Markets cut their price objective on i3 Verticals from $23.00 to $21.00 and set a “market perform” rating on the stock in a research note on Thursday, October 3rd. DA Davidson reiterated a “buy” rating and set a $32.00 price target on shares of i3 Verticals in a report on Monday, September 30th. Finally, Stephens reiterated an “overweight” rating and issued a $29.00 target price on shares of i3 Verticals in a research note on Friday, August 16th. 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 company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.14.

i3 Verticals Stock Up 4.0 %

IIIV opened at $24.11 on Tuesday. The company has a market capitalization of $814.68 million, a PE ratio of -267.89 and a beta of 1.53. The business has a 50-day moving average of $22.93 and a 200-day moving average of $21.98. i3 Verticals has a fifty-two week low of $17.54 and a fifty-two week high of $26.00. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.98 and a quick ratio of 2.98.

Hedge Funds Weigh In On i3 Verticals

Several large investors have recently added to or reduced their stakes in IIIV. Long Path Partners LP acquired a new stake in shares of i3 Verticals during the 2nd quarter worth approximately $12,756,000. TimesSquare Capital Management LLC bought a new stake in i3 Verticals in the third quarter valued at about $11,373,000. Hood River Capital Management LLC raised its position in i3 Verticals by 43.1% in the first quarter. Hood River Capital Management LLC now owns 1,119,931 shares of the company’s stock worth $25,635,000 after purchasing an additional 337,576 shares in the last quarter. Mason Capital Management LLC bought a new stake in shares of i3 Verticals in the 2nd quarter valued at approximately $7,443,000. Finally, Confluence Investment Management LLC lifted its position in shares of i3 Verticals by 102.7% during the 2nd quarter. Confluence Investment Management LLC now owns 306,540 shares of the company’s stock worth $6,768,000 after buying an additional 155,338 shares during the period. Institutional investors and hedge funds own 84.22% of the company’s stock.

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.