Shares of i3 Verticals Inc (NASDAQ:IIIV) have earned an average recommendation of "Buy" from the nine ratings firms that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, one has given a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $34.20.
Several equities research analysts have weighed in on the stock. TheStreet cut shares of i3 Verticals from a "c-" rating to a "d+" rating in a research report on Thursday, September 10th. KeyCorp increased their price target on shares of i3 Verticals from $27.00 to $32.00 and gave the company an "overweight" rating in a research report on Wednesday, August 12th. BidaskClub cut shares of i3 Verticals from a "sell" rating to a "strong sell" rating in a research report on Tuesday, October 13th. BTIG Research raised shares of i3 Verticals from a "neutral" rating to a "buy" rating and set a $33.00 target price for the company in a research report on Tuesday, August 11th. Finally, Zacks Investment Research cut shares of i3 Verticals from a "hold" rating to a "sell" rating in a research report on Wednesday.
Shares of IIIV opened at $25.02 on Friday. The stock has a market capitalization of $687.70 million, a P/E ratio of -500.40 and a beta of 1.34. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.80. The firm has a fifty day simple moving average of $25.51 and a two-hundred day simple moving average of $25.92. i3 Verticals has a twelve month low of $13.01 and a twelve month high of $37.85.
i3 Verticals (NASDAQ:IIIV) last announced its quarterly earnings results on Monday, August 10th. The company reported $0.13 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.03 by $0.10. The business had revenue of $31.60 million during the quarter, compared to analysts' expectations of $28.60 million. i3 Verticals had a negative net margin of 0.32% and a positive return on equity of 12.90%. Sell-side analysts expect that i3 Verticals will post 0.54 EPS for the current fiscal year.
Institutional investors have recently modified their holdings of the stock. Marshall Wace LLP bought a new position in shares of i3 Verticals in the 1st quarter worth about $29,000. US Bancorp DE increased its stake in shares of i3 Verticals by 406.2% in the 1st quarter. US Bancorp DE now owns 1,392 shares of the company's stock worth $27,000 after acquiring an additional 1,117 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of i3 Verticals by 45.0% in the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 1,814 shares of the company's stock worth $55,000 after acquiring an additional 563 shares in the last quarter. Financial Management Professionals Inc. bought a new position in shares of i3 Verticals in the 2nd quarter worth about $78,000. Finally, Citigroup Inc. increased its stake in shares of i3 Verticals by 43.1% in the 1st quarter. Citigroup Inc. now owns 4,231 shares of the company's stock worth $81,000 after acquiring an additional 1,274 shares in the last quarter. Institutional investors own 56.56% of the company's stock.
About i3 Verticals
i3 Verticals, Inc provides integrated payment and software solutions to small- and medium-sized businesses and organizations in education, non-profit, public sector, property management, and healthcare markets in the United States. The company offers payment processing services, including merchant onboarding, risk and underwriting, authorization, settlement, chargeback processing, and other merchant support.
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