Paul Christians Sells 6,122 Shares of i3 Verticals (NASDAQ:IIIV) Stock

i3 Verticals, Inc. (NASDAQ:IIIV) CRO Paul Christians sold 6,122 shares of i3 Verticals stock in a transaction that occurred 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 completion of the transaction, the executive directly owned 31,250 shares in the company, valued at $725,937.50. This trade represents a 16.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

i3 Verticals Stock Performance

Shares of i3 Verticals stock traded up $0.03 during trading on Monday, hitting $23.54. The company’s stock had a trading volume of 212,200 shares, compared to its average volume of 395,524. The company has a fifty day simple moving average of $23.65 and a two-hundred day simple moving average of $27.19. i3 Verticals, Inc. has a 52 week low of $19.89 and a 52 week high of $33.97. The company has a market capitalization of $717.50 million, a PE ratio of 37.97 and a beta of 0.97.

i3 Verticals (NASDAQ:IIIV) last announced its earnings results 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 predict that i3 Verticals, Inc. will post 0.9 EPS for the current year.

Institutional Investors Weigh In On i3 Verticals

Institutional investors have recently added to or reduced their stakes in the company. Elevation Point Wealth Partners LLC bought a new position in i3 Verticals during the second quarter worth about $26,000. CWM LLC raised its position in i3 Verticals by 221.7% during the 4th quarter. CWM LLC now owns 1,393 shares of the company’s stock worth $35,000 after purchasing an additional 960 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of i3 Verticals by 1,299.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,371 shares of the company’s stock worth $35,000 after purchasing an additional 1,273 shares during the period. Global Retirement Partners LLC grew its stake in i3 Verticals by 8,259.1% during the fourth quarter. Global Retirement Partners LLC now owns 1,839 shares of the company’s stock worth $46,000 after purchasing an additional 1,817 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in i3 Verticals by 65.5% in the second quarter. BNP Paribas Financial Markets now owns 2,198 shares of the company’s stock valued at $60,000 after purchasing an additional 870 shares in the last quarter. 84.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Morgan Stanley lowered their price target on shares of 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. Weiss Ratings downgraded i3 Verticals from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, February 23rd. KeyCorp dropped their price target on shares of i3 Verticals from $32.00 to $30.00 and set an “overweight” rating on the stock in a research note on Monday, February 9th. DA Davidson reissued a “buy” rating and issued a $35.00 target price on shares of i3 Verticals in a research report on Monday, February 2nd. Finally, Benchmark reissued a “buy” rating on shares of i3 Verticals in a report on Monday, February 9th. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, i3 Verticals has a consensus rating of “Hold” and an average price target of $33.20.

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.