KeyCorp Cuts i3 Verticals (NASDAQ:IIIV) Price Target to $20.00

i3 Verticals (NASDAQ:IIIV) had its price objective decreased by KeyCorp from $27.00 to $20.00 in a report issued on Monday morning, Marketbeat.com reports. KeyCorp currently has an overweight rating on the stock.

Several other research analysts also recently weighed in on the company. Weiss Ratings upgraded i3 Verticals from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, May 12th. Benchmark cut shares of i3 Verticals from a “buy” rating to a “hold” rating in a research report on Monday. DA Davidson lowered their target price on shares of i3 Verticals from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Wednesday, May 13th. Finally, Cantor Fitzgerald cut their target price on shares of i3 Verticals from $30.00 to $27.00 and set an “overweight” rating for the company in a research note on Monday, May 11th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $25.40.

i3 Verticals Price Performance

Shares of i3 Verticals stock opened at $16.54 on Monday. The company has a market capitalization of $461.96 million, a price-to-earnings ratio of 43.53 and a beta of 0.83. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.18. The stock’s 50-day simple moving average is $20.42 and its 200-day simple moving average is $21.28. i3 Verticals has a 52 week low of $16.00 and a 52 week high of $33.97.

i3 Verticals (NASDAQ:IIIV) last released its earnings results on Thursday, August 6th. The company reported $0.25 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.25. The firm had revenue of $53.07 million during the quarter, compared to analysts’ expectations of $54.99 million. i3 Verticals had a return on equity of 4.30% and a net margin of 4.24%.i3 Verticals has set its FY 2026 guidance at 1.080-1.120 EPS. As a group, analysts expect that i3 Verticals will post 0.66 earnings per share for the current fiscal year.

Hedge Funds Weigh In On i3 Verticals

Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp bought a new position in shares of i3 Verticals during the 2nd quarter valued at approximately $1,693,000. Wasatch Advisors LP lifted its position in i3 Verticals by 7.3% in the second quarter. Wasatch Advisors LP now owns 377,435 shares of the company’s stock worth $8,062,000 after buying an additional 25,631 shares during the last quarter. Confluence Investment Management LLC lifted its position in i3 Verticals by 91.6% in the second quarter. Confluence Investment Management LLC now owns 230,530 shares of the company’s stock worth $4,924,000 after buying an additional 110,216 shares during the last quarter. Empowered Funds LLC boosted its stake in i3 Verticals by 10.6% during the first quarter. Empowered Funds LLC now owns 12,556 shares of the company’s stock worth $281,000 after buying an additional 1,208 shares during the period. Finally, Argent Capital Management LLC boosted its stake in i3 Verticals by 55.5% during the first quarter. Argent Capital Management LLC now owns 33,386 shares of the company’s stock worth $747,000 after buying an additional 11,918 shares during the period. Hedge funds and other institutional investors own 84.22% of the company’s stock.

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.