i3 Verticals, Inc. (IIIV) - What Are Brokerages Thinking About This Stock?

Key Points

• Analysts have a “Hold” consensus on i3 Verticals: of seven brokerages, three rate it Buy, three Hold, and one Sell. The average one-year price target is $25.
• Recent analyst actions were mixed: Weiss Ratings and Benchmark downgraded the stock, while KeyCorp and DA Davidson cut their price targets; Stephens initiated coverage with an Equal Weight rating and a $23 target.
• Institutional investors and hedge funds own 84.22% of shares, and several reported increasing their holdings. IIIV recently traded at $18.91, within a 12-month range of $13.63 to $29.69.

i3 Verticals, Inc. (NASDAQ:IIIV - Get Free Report) has earned a consensus recommendation of "Hold" from the seven brokerages that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $25.00.

IIIV has been the subject of a number of research reports. Weiss Ratings cut shares of i3 Verticals from a "hold (c-)" rating to a "sell (d+)" rating in a report on Friday, August 21st. Stephens initiated coverage on shares of i3 Verticals in a report on Friday. They set an "equal weight" rating and a $23.00 price target on the stock. KeyCorp lowered their price objective on shares of i3 Verticals from $27.00 to $20.00 and set an "overweight" rating for the company in a research report on Monday, August 10th. DA Davidson dropped their price objective on shares of i3 Verticals from $30.00 to $28.00 and set a "buy" rating for the company in a research note on Monday, August 10th. Finally, Benchmark lowered shares of i3 Verticals from a "buy" rating to a "hold" rating in a research report on Monday, August 10th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. North Reef Capital Management LP grew its holdings in i3 Verticals by 1,253.8% during the 1st quarter. North Reef Capital Management LP now owns 1,025,000 shares of the company's stock worth $22,919,000 after acquiring an additional 949,289 shares during the last quarter. Marshall Wace LLP raised its stake in shares of i3 Verticals by 993.3% during the third quarter. Marshall Wace LLP now owns 532,560 shares of the company's stock valued at $7,360,000 after acquiring an additional 483,847 shares during the last quarter. Punch & Associates Investment Management Inc. raised its stake in shares of i3 Verticals by 32.8% during the first quarter. Punch & Associates Investment Management Inc. now owns 1,032,606 shares of the company's stock valued at $23,089,000 after acquiring an additional 255,079 shares during the last quarter. Wellington Management Group LLP acquired a new position in shares of i3 Verticals during the second quarter worth $4,798,000. Finally, Confluence Investment Management LLC lifted its holdings in shares of i3 Verticals by 91.6% during the second quarter. Confluence Investment Management LLC now owns 230,530 shares of the company's stock worth $4,924,000 after purchasing an additional 110,216 shares during the period. 84.22% of the stock is currently owned by institutional investors and hedge funds.

i3 Verticals Price Performance

Shares of IIIV stock traded up $0.27 on Friday, hitting $18.91. 216,003 shares of the company's stock were exchanged, compared to its average volume of 286,196. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.21 and a quick ratio of 1.21. i3 Verticals has a 12 month low of $13.63 and a 12 month high of $29.69. The stock has a market cap of $497.71 million, a P/E ratio of 49.76 and a beta of 0.79. The company has a 50 day moving average of $16.38 and a 200 day moving average of $19.63.

About i3 Verticals

i3 Verticals is a software company that develops technology for specialized markets, with a focus on public-sector organizations. Its products support functions such as utility billing, court and government operations, and payment collection. The company has also served customers in education and other markets, offering software designed to manage sector-specific administrative and operational needs. Its solutions can include integrated payment capabilities that help organizations process transactions through their software systems.

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