i3 Verticals - IIIV Stock Forecast, Price & News

i3 Verticals, Inc. provides integrated payment and software solutions to small- and medium-sized businesses and organizations in education, non-profit, public sector, and healthcare markets in the United States. It operates in two segments, Merchant Services, and Proprietary Software and Payments. The company offers payment processing services that enables clients to accept electronic payments, facilitating the exchange of funds and transaction data between clients, financial institutions, and payment networks. The company also licenses software; and provides ongoing support, and other point of sale-related solutions. It offers its solutions to clients through direct sales force; distribution partners, including independent software vendors, value-added resellers, and independent sales organizations; and referral partners, such as financial institutions, trade associations, chambers of commerce, and card issuers. The company was founded in 2012 and is headquartered in Nashville, Tennessee.

i3 Verticals Trading Up 0.1 %

Shares of i3 Verticals stock traded up $0.04 during trading hours on Wednesday, reaching $26.81. 143,013 shares of the company's stock were exchanged, compared to its average volume of 160,878. i3 Verticals has a 52-week low of $17.80 and a 52-week high of $30.26. The firm has a market capitalization of $865.48 million, a price-to-earnings ratio of -41.89, a price-to-earnings-growth ratio of 3.01 and a beta of 1.26. The company has a fifty day moving average of $25.59 and a 200-day moving average of $25.48. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.00.

i3 Verticals (NASDAQ:IIIV - Get Rating) last issued its quarterly earnings results on Monday, May 9th. The company reported $0.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.11 by $0.12. i3 Verticals had a positive return on equity of 8.01% and a negative net margin of 4.87%. The company had revenue of $78.12 million for the quarter, compared to analyst estimates of $71.45 million. During the same quarter in the prior year, the company posted $0.14 EPS. Sell-side analysts forecast that i3 Verticals will post 0.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

IIIV has been the topic of a number of recent research reports. Stephens initiated coverage on i3 Verticals in a research note on Thursday, June 9th. They issued an "overweight" rating and a $30.00 target price on the stock. Morgan Stanley upped their target price on i3 Verticals from $25.50 to $26.00 and gave the company an "equal weight" rating in a research note on Wednesday. Finally, BTIG Research upped their target price on i3 Verticals from $31.00 to $34.00 in a research note on Tuesday. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $32.00.

Insiders Place Their Bets

In other news, CTO Robert Bertke sold 2,324 shares of the company's stock in a transaction on Wednesday, June 8th. The stock was sold at an average price of $24.72, for a total transaction of $57,449.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 30.36% of the company's stock.