i3 Verticals (NASDAQ:IIIV) Issues FY 2025 Earnings Guidance

Key Points

• i3 Verticals provided FY 2025 earnings guidance of $0.960-1.060 EPS and revenue expectations of $207.0 million-$217.0 million, slightly below the consensus estimates.
• Following the guidance update, i3 Verticals' stock rose by 0.3% to $28.50, with an average price target of $29.57 from analysts.
• Recent insider trading saw Director David M. Wilds sell 218,400 shares at an average price of $24.81, indicating a significant decrease in ownership.

i3 Verticals (NASDAQ:IIIV - Get Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share guidance of 0.960-1.060 for the period, compared to the consensus earnings per share estimate of 1.042. The company issued revenue guidance of $207.0 million-$217.0 million, compared to the consensus revenue estimate of $216.2 million.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Stephens reissued an "overweight" rating and set a $40.00 price target (up from $35.00) on shares of i3 Verticals in a research report on Monday. Morgan Stanley dropped their target price on shares of i3 Verticals from $27.00 to $25.00 and set an "equal weight" rating on the stock in a report on Tuesday, May 13th. Finally, Benchmark upped their target price on shares of i3 Verticals from $33.00 to $39.00 and gave the company a "buy" rating in a report on Monday. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, i3 Verticals has a consensus rating of "Moderate Buy" and an average price target of $32.00.

i3 Verticals Price Performance

IIIV stock traded up $0.29 during midday trading on Monday, reaching $32.00. The company had a trading volume of 53,622 shares, compared to its average volume of 299,494. i3 Verticals has a 1 year low of $20.42 and a 1 year high of $32.33. The company has a market capitalization of $1.06 billion, a P/E ratio of 6.13 and a beta of 1.32. The firm has a 50-day moving average price of $27.15 and a 200-day moving average price of $26.06. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.18 and a quick ratio of 1.18.

Insider Activity

In other i3 Verticals news, Director John C. Harrison sold 78,597 shares of the business's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $24.81, for a total transaction of $1,949,991.57. Following the transaction, the director owned 3,876 shares in the company, valued at $96,163.56. The trade was a 95.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Geoffrey C. Smith sold 8,404 shares of the company's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $26.56, for a total transaction of $223,210.24. Following the completion of the sale, the chief financial officer directly owned 55,000 shares of the company's stock, valued at approximately $1,460,800. This trade represents a 13.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 377,261 shares of company stock valued at $9,374,552. Company insiders own 59.07% of the company's stock.

Institutional Investors Weigh In On i3 Verticals

A hedge fund recently bought a new stake in i3 Verticals stock. AQR Capital Management LLC purchased a new position in shares of i3 Verticals, Inc. (NASDAQ:IIIV - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 8,467 shares of the company's stock, valued at approximately $209,000. 84.22% of the stock is currently owned by institutional investors.

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.