i3 Verticals (NASDAQ:IIIV) Shares Up 1.5% - What's Next?

Key Points

• Shares rose 1.5% on Friday to $21.59 with about 332,045 shares traded, slightly above the stock's average daily volume.
• Analyst sentiment is mixed — the consensus rating is Hold with an average price target of $33.20 (four Buys, two Holds, one Sell), and several recent target cuts from firms including Morgan Stanley and KeyCorp.
• Fundamentals show a quarterly EPS beat ($0.26 vs. $0.24) and FY2026 EPS guidance of 1.080–1.160; the company has a market cap of ~$658M and the CRO recently sold shares while insiders own roughly 60% of the stock.

i3 Verticals, Inc. (NASDAQ:IIIV - Get Free Report) shares rose 1.5% on Friday . The company traded as high as $21.70 and last traded at $21.5930. Approximately 332,045 shares were traded during trading, an increase of 5% from the average daily volume of 316,128 shares. The stock had previously closed at $21.28.

Analyst Upgrades and Downgrades

IIIV has been the topic of a number of recent research reports. Morgan Stanley reduced their target price on i3 Verticals from $28.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Monday, February 9th. DA Davidson reissued a "buy" rating and set a $35.00 price target on shares of i3 Verticals in a research report on Monday, February 2nd. KeyCorp reduced their price objective on i3 Verticals from $32.00 to $30.00 and set an "overweight" rating on the stock in a research report on Monday, February 9th. Weiss Ratings lowered i3 Verticals from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Thursday, April 9th. Finally, Benchmark reiterated a "buy" rating on shares of i3 Verticals in a research report on Monday, February 9th. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $33.20.

i3 Verticals Stock Performance

The company has a market capitalization of $658.15 million, a price-to-earnings ratio of 34.83 and a beta of 0.96. The company has a fifty day simple moving average of $22.33 and a two-hundred day simple moving average of $25.04.

i3 Verticals (NASDAQ:IIIV - Get Free Report) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.02. The business had revenue of $52.67 million for the quarter, compared to analysts' expectations of $52.18 million. i3 Verticals had a return on equity of 4.32% and a net margin of 7.33%.i3 Verticals has set its FY 2026 guidance at 1.080-1.160 EPS. As a group, analysts expect that i3 Verticals, Inc. will post 0.67 EPS for the current year.

Insider Buying and Selling

In related news, CRO Paul Christians sold 6,122 shares of the stock in a transaction on Friday, March 6th. The stock was sold at an average price of $23.23, for a total value of $142,214.06. Following the transaction, the executive directly owned 31,250 shares of the company's stock, valued at approximately $725,937.50. This trade represents a 16.38% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 60.09% of the stock is owned by company insiders.

Hedge Funds Weigh In On i3 Verticals

A number of large investors have recently modified their holdings of IIIV. CWM LLC raised its holdings in i3 Verticals by 221.7% in the fourth quarter. CWM LLC now owns 1,393 shares of the company's stock valued at $35,000 after buying an additional 960 shares during the period. Caitong International Asset Management Co. Ltd increased its position in shares of i3 Verticals by 1,299.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,371 shares of the company's stock worth $35,000 after acquiring an additional 1,273 shares in the last quarter. Global Retirement Partners LLC increased its position in shares of i3 Verticals by 8,259.1% in the fourth quarter. Global Retirement Partners LLC now owns 1,839 shares of the company's stock worth $46,000 after acquiring an additional 1,817 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of i3 Verticals by 65.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,198 shares of the company's stock valued at $60,000 after acquiring an additional 870 shares during the period. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of i3 Verticals by 229.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,220 shares of the company's stock valued at $61,000 after acquiring an additional 1,547 shares in the last quarter. 84.22% of the stock is currently owned by hedge funds and other institutional investors.

i3 Verticals Company Profile

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.

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