i3 Verticals (NASDAQ:IIIV) Sets New 12-Month Low – Should You Sell?

i3 Verticals, Inc. (NASDAQ:IIIV)’s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as $20.65 and last traded at $20.83, with a volume of 438733 shares traded. The stock had previously closed at $21.99.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Morgan Stanley dropped their price target on i3 Verticals from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 19th. KeyCorp lowered their target price on i3 Verticals from $35.00 to $32.00 and set an “overweight” rating on the stock in a report on Wednesday, November 19th. Weiss Ratings restated a “hold (c)” rating on shares of i3 Verticals in a research note on Monday, December 29th. Zacks Research raised shares of i3 Verticals from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 30th. Finally, DA Davidson reissued a “buy” rating and issued a $35.00 price objective on shares of i3 Verticals in a report on Monday. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $33.33.

i3 Verticals Trading Down 5.3%

The stock has a 50 day moving average of $24.88 and a 200-day moving average of $28.43. The company has a market capitalization of $673.85 million, a P/E ratio of 30.63 and a beta of 0.99.

i3 Verticals (NASDAQ:IIIV) last issued its quarterly earnings results on Monday, November 17th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.01. The business had revenue of $109.80 million for the quarter, compared to the consensus estimate of $53.68 million. i3 Verticals had a net margin of 7.72% and a return on equity of 4.66%. i3 Verticals has set its FY 2026 guidance at 1.060-1.160 EPS. As a group, sell-side analysts expect that i3 Verticals, Inc. will post 0.9 EPS for the current fiscal year.

Insider Activity

In other news, President Frederick Stanford sold 11,347 shares of the company’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $24.21, for a total value of $274,710.87. Following the completion of the transaction, the president owned 43,653 shares of the company’s stock, valued at $1,056,839.13. This represents a 20.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CRO Paul Christians sold 9,000 shares of i3 Verticals stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $23.27, for a total value of $209,430.00. Following the sale, the executive directly owned 45,818 shares in the company, valued at $1,066,184.86. This trade represents a 16.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 23,639 shares of company stock worth $562,425 over the last 90 days. Company insiders own 60.09% of the company’s stock.

Hedge Funds Weigh In On i3 Verticals

A number of hedge funds and other institutional investors have recently modified their holdings of IIIV. Mutual of America Capital Management LLC purchased a new stake in i3 Verticals in the 3rd quarter worth $3,145,000. Sequoia Financial Advisors LLC bought a new stake in shares of i3 Verticals in the second quarter worth about $281,000. Tectonic Advisors LLC purchased a new stake in shares of i3 Verticals in the third quarter worth about $2,883,000. AXQ Capital LP bought a new position in i3 Verticals during the second quarter valued at approximately $519,000. Finally, Thrivent Financial for Lutherans boosted its stake in i3 Verticals by 274.8% during the second quarter. Thrivent Financial for Lutherans now owns 547,598 shares of the company’s stock valued at $15,048,000 after buying an additional 401,493 shares during the last quarter. 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.