i3 Verticals, Inc. (NASDAQ:IIIV) Stock Has Consensus Target Price of $25.40 According to Brokerages

Key Points

• Analyst sentiment is mixed: Seven brokerages have an average “Hold” rating on i3 Verticals, with three buys, three holds and one sell. The consensus 12-month price target is $25.40, above the stock’s reported $16.92 price.
• Recent research actions were largely cautious, including Benchmark downgrading the stock to “Hold,” KeyCorp cutting its target to $20, DA Davidson reducing its target to $28, and Weiss Ratings lowering its rating to “Sell.”
• Institutional ownership is substantial: Hedge funds and other institutions own 84.22% of the company, with several major investors increasing their positions. In its latest quarter, i3 Verticals met the $0.25 EPS consensus but reported revenue of $53.07 million, below the $54.99 million estimate.

Shares of i3 Verticals, Inc. (NASDAQ:IIIV - Get Free Report) have been given an average rating of "Hold" by the seven brokerages that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $25.40.

IIIV has been the topic of several research reports. Benchmark lowered i3 Verticals from a "buy" rating to a "hold" rating in a research report on Monday, August 10th. KeyCorp reduced their target price on i3 Verticals from $27.00 to $20.00 and set an "overweight" rating on the stock in a report on Monday, August 10th. DA Davidson lowered their price target on i3 Verticals from $30.00 to $28.00 and set a "buy" rating for the company in a research report on Monday, August 10th. Finally, Weiss Ratings lowered i3 Verticals from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Friday, August 21st.

Hedge Funds Weigh In On i3 Verticals

Hedge funds and other institutional investors have recently modified their holdings of the company. Punch & Associates Investment Management Inc. grew its stake in 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 worth $23,089,000 after buying an additional 255,079 shares during the period. North Reef Capital Management LP raised its stake in shares of i3 Verticals by 1,253.8% in the 1st quarter. North Reef Capital Management LP now owns 1,025,000 shares of the company's stock valued at $22,919,000 after acquiring an additional 949,289 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of i3 Verticals by 12.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 616,851 shares of the company's stock valued at $13,794,000 after acquiring an additional 68,573 shares during the period. Heartland Advisors Inc. raised its stake in shares of i3 Verticals by 11.1% in the 1st quarter. Heartland Advisors Inc. now owns 606,950 shares of the company's stock valued at $13,571,000 after acquiring an additional 60,400 shares during the period. Finally, Wasatch Advisors LP lifted its holdings in shares of i3 Verticals by 7.3% during the 2nd quarter. Wasatch Advisors LP now owns 377,435 shares of the company's stock valued at $8,062,000 after acquiring an additional 25,631 shares in the last quarter. 84.22% of the stock is owned by institutional investors and hedge funds.

i3 Verticals Price Performance

IIIV opened at $16.92 on Tuesday. i3 Verticals has a 1 year low of $13.63 and a 1 year high of $33.97. The company's 50 day simple moving average is $15.76 and its 200 day simple moving average is $19.02. The stock has a market capitalization of $445.33 million, a PE ratio of 44.53 and a beta of 0.78. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.21 and a current ratio of 1.21.

i3 Verticals (NASDAQ:IIIV - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.25 EPS for the quarter, hitting the consensus estimate of $0.25. The firm had revenue of $53.07 million during the quarter, compared to analyst estimates of $54.99 million. i3 Verticals had a net margin of 4.24% and a return on equity of 4.49%. i3 Verticals has set its FY 2026 guidance at 1.080-1.120 EPS. As a group, sell-side analysts expect that i3 Verticals will post 0.60 EPS for the current year.

About i3 Verticals

i3 Verticals, Inc provides integrated software and payment-processing solutions for organizations in selected vertical markets. Its platforms are designed to help customers manage operations, collect payments and improve administrative efficiency while supporting electronic and card-based transactions.

The company has focused primarily on the public sector, education, nonprofit organizations and healthcare. Its products and services have included municipal and utility billing, court and citation management, student and school administration, payment acceptance, accounts receivable and other industry-specific software applications.

Founded in 2012 and headquartered in Nashville, Tennessee, i3 Verticals built its business through organic development and acquisitions of specialized software and payments companies.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.