i3 Verticals - IIIV Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for i3 Verticals in the last twelve months. There are currently 1 hold rating, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" IIIV shares.
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4 Wall Street analysts have issued twelve-month price targets for i3 Verticals' stock. Their IIIV share price forecasts range from $26.00 to $36.00. On average, they anticipate the company's share price to reach $32.40 in the next twelve months. This suggests a possible upside of 27.4% from the stock's current price.
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i3 Verticals' stock was trading at $22.79 at the beginning of the year. Since then, IIIV shares have increased by 11.6% and is now trading at $25.44.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 14th 2023.
View our IIIV earnings forecast.

i3 Verticals, Inc. (NASDAQ:IIIV) issued its earnings results on Tuesday, November, 16th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.29 by $0.09. The business had revenue of $67.19 million for the quarter, compared to the consensus estimate of $64.41 million. i3 Verticals had a negative net margin of 5.38% and a positive trailing twelve-month return on equity of 9.31%. During the same quarter in the previous year, the firm posted $0.11 EPS.

i3 Verticals updated its FY 2023 earnings guidance on Thursday, November, 17th. The company provided EPS guidance of $1.50-$1.62 for the period, compared to the consensus EPS estimate of $1.62. The company issued revenue guidance of $360.00 million-$380.00 million, compared to the consensus revenue estimate of $346.68 million.

Based on aggregate information from My MarketBeat watchlists, some companies that other i3 Verticals investors own include NVIDIA (NVDA), Bristol-Myers Squibb (BMY), Alibaba Group (BABA), Raytheon Technologies (RTX), Verizon Communications (VZ), CVS Health (CVS), Home Depot (HD), QUALCOMM (QCOM) and Thermo Fisher Scientific (TMO).

(IIIV) raised $80 million in an IPO on Thursday, June 21st 2018. The company issued 6,700,000 shares at $11.00-$13.00 per share. Cowen, Raymond James and KeyBanc Capital Markets acted as the underwriters for the IPO.

i3 Verticals trades on the NASDAQ under the ticker symbol "IIIV."

i3 Verticals' stock is owned by many different institutional and retail investors. Top institutional shareholders include Geneva Capital Management LLC (5.82%), BlackRock Inc. (4.49%), Vanguard Group Inc. (4.00%), Portolan Capital Management LLC (2.01%), State Street Corp (1.70%) and EverSource Wealth Advisors LLC (1.54%). Insiders that own company stock include David K Morgan, David K Morgan, David M Wilds, David Scott Meriwether, Frederick Stanford, Gregory S Daily and Robert Bertke.
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Shares of IIIV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of IIIV stock can currently be purchased for approximately $25.44.

i3 Verticals (NASDAQ:IIIV) has a market capitalization of $842.50 million and generates $317.86 million in revenue each year. The company earns $-17,100,000.00 in net income (profit) each year or ($0.76) on an earnings per share basis.

The company employs 1,637 workers across the globe.

i3 Verticals' mailing address is 40 BURTON HILLS BLVD. SUITE 415, NASHVILLE TN, 37215. The official website for the company is www.i3verticals.com. The company can be reached via phone at (615) 465-4487 or via email at cwhitson@i3verticals.com.