i3 Verticals (NASDAQ:IIIV) Sets New 1-Year Low - What's Next?

Key Points

• i3 Verticals shares fell 13.3% to a new 52-week low of $18.43, with the stock last trading near $19.42. Its market capitalization was approximately $531.8 million.
• Analysts remain cautiously positive, with five Buy ratings and three Holds producing a “Moderate Buy” consensus and an average price target of $29.83, despite multiple recent target reductions.
• The company met quarterly EPS expectations at $0.25 but missed revenue estimates, reporting $53.07 million versus $54.99 million expected. CEO Gregory S. Daily purchased 50,000 shares, while insiders and institutional investors own 60.09% and 84.22% of the stock, respectively.

i3 Verticals, Inc. (NASDAQ:IIIV - Get Free Report) shares hit a new 52-week low during trading on Friday . The company traded as low as $18.43 and last traded at $19.4220, with a volume of 72765 shares. The stock had previously closed at $21.96.

Analyst Upgrades and Downgrades

Several research firms recently commented on IIIV. Cantor Fitzgerald reduced their price target on i3 Verticals from $30.00 to $27.00 and set an "overweight" rating for the company in a research report on Monday, May 11th. Weiss Ratings raised i3 Verticals from a "sell (d+)" rating to a "hold (c-)" rating in a report on Tuesday, May 12th. Benchmark lowered their price objective on i3 Verticals from $39.00 to $30.00 and set a "buy" rating on the stock in a research report on Thursday, May 14th. Finally, DA Davidson dropped their price objective on shares of i3 Verticals from $35.00 to $30.00 and set a "buy" rating on the stock in a research note on Wednesday, May 13th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $29.83.

i3 Verticals Stock Down 13.3%

The stock has a market cap of $531.76 million, a PE ratio of 27.55 and a beta of 0.83. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.18. The business has a 50-day moving average price of $20.69 and a 200-day moving average price of $21.50.

i3 Verticals (NASDAQ:IIIV - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.25 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.25. The firm had revenue of $53.07 million for the quarter, compared to analysts' expectations of $54.99 million. i3 Verticals had a net margin of 8.59% and a return on equity of 4.19%. i3 Verticals has set its FY 2026 guidance at 1.080-1.120 EPS. As a group, analysts forecast that i3 Verticals, Inc. will post 0.66 earnings per share for the current year.

Insider Activity

In related news, CEO Gregory S. Daily bought 50,000 shares of the business's stock in a transaction dated Thursday, May 14th. The stock was acquired at an average price of $19.23 per share, with a total value of $961,500.00. Following the completion of the purchase, the chief executive officer directly owned 50,000 shares of the company's stock, valued at approximately $961,500. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 60.09% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On i3 Verticals

Several institutional investors have recently bought and sold shares of the company. Jennison Associates LLC lifted its position in shares of i3 Verticals by 16.5% in the fourth quarter. Jennison Associates LLC now owns 1,093,762 shares of the company's stock valued at $27,552,000 after acquiring an additional 154,887 shares in the last quarter. Punch & Associates Investment Management Inc. boosted its stake in shares of i3 Verticals by 32.8% in the first quarter. Punch & Associates Investment Management Inc. now owns 1,032,606 shares of the company's stock worth $23,089,000 after acquiring an additional 255,079 shares during the last quarter. North Reef Capital Management LP increased its position in shares of i3 Verticals by 1,253.8% during the first quarter. North Reef Capital Management LP now owns 1,025,000 shares of the company's stock worth $22,919,000 after purchasing an additional 949,289 shares in the last quarter. Thrivent Financial for Lutherans increased its position in shares of i3 Verticals by 11.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 728,505 shares of the company's stock worth $18,351,000 after purchasing an additional 73,420 shares in the last quarter. Finally, State Street Corp raised its stake in i3 Verticals by 4.3% in the 4th quarter. State Street Corp now owns 707,344 shares of the company's stock valued at $17,818,000 after purchasing an additional 29,482 shares during the last quarter. 84.22% of the stock is currently owned by institutional investors and hedge funds.

About i3 Verticals

i3 Verticals, Inc is a provider of integrated software and merchant payment processing solutions tailored for specific vertical markets across the United States. Since its founding in 2001 and headquartered in Columbia, South Carolina, the company has focused on delivering SaaS-based applications and payment services to streamline revenue collection and management workflows for its clients.

The company's product portfolio includes electronic payment processing for credit and debit card transactions, automated clearing house (ACH) transfers, online and mobile payment portals, and related risk management and compliance tools.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source