i3 Verticals, Inc. (NASDAQ:IIIV) Stock Has Consensus Price Target of $25.40 According to Brokerages

Shares of i3 Verticals, Inc. (NASDAQ:IIIV) have received an average rating of “Hold” from the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $25.40.

IIIV has been the topic of several recent research reports. KeyCorp reduced their price target on i3 Verticals from $27.00 to $20.00 and set an “overweight” rating on the stock in a research report on Monday, August 10th. Benchmark downgraded shares of i3 Verticals from a “buy” rating to a “hold” rating in a research report on Monday, August 10th. Weiss Ratings downgraded shares of i3 Verticals from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, August 21st. Finally, DA Davidson dropped their price objective on shares of i3 Verticals from $30.00 to $28.00 and set a “buy” rating on the stock in a research note on Monday, August 10th.

i3 Verticals Trading Up 1.4%

Shares of IIIV opened at $16.92 on Tuesday. i3 Verticals has a 12 month low of $13.63 and a 12 month high of $33.97. The stock’s 50-day moving average is $15.76 and its two-hundred day moving average is $19.02. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a market cap of $445.33 million, a PE ratio of 44.53 and a beta of 0.78.

i3 Verticals (NASDAQ:IIIV) last posted its earnings results on Thursday, August 6th. The company reported $0.25 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.25. The business had revenue of $53.07 million during the quarter, compared to analyst estimates of $54.99 million. i3 Verticals had a return on equity of 4.49% and a net margin of 4.24%. i3 Verticals has set its FY 2026 guidance at 1.080-1.120 EPS. Equities analysts forecast that i3 Verticals will post 0.60 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Punch & Associates Investment Management Inc. grew its holdings in i3 Verticals by 32.8% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 1,032,606 shares of the company’s stock valued at $23,089,000 after purchasing an additional 255,079 shares in the last quarter. North Reef Capital Management LP increased its stake in i3 Verticals by 1,253.8% during the 1st quarter. North Reef Capital Management LP now owns 1,025,000 shares of the company’s stock worth $22,919,000 after buying an additional 949,289 shares during the period. Dimensional Fund Advisors LP lifted its holdings in i3 Verticals by 12.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 616,851 shares of the company’s stock worth $13,794,000 after buying an additional 68,573 shares in the last quarter. Heartland Advisors Inc. lifted its holdings in i3 Verticals by 11.1% in the 1st quarter. Heartland Advisors Inc. now owns 606,950 shares of the company’s stock worth $13,571,000 after buying an additional 60,400 shares in the last quarter. Finally, Wasatch Advisors LP lifted its holdings in i3 Verticals by 7.3% in the 2nd 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 in the last quarter. 84.22% of the stock is currently owned by hedge funds and other institutional investors.

i3 Verticals Company Profile

i3 Verticals, Inc provides integrated software and payment-processing solutions for organizations in selected vertical markets. Its platforms are designed to help customers manage operations, collect payments and improve administrative efficiency while supporting electronic and card-based transactions.

The company has focused primarily on the public sector, education, nonprofit organizations and healthcare. Its products and services have included municipal and utility billing, court and citation management, student and school administration, payment acceptance, accounts receivable and other industry-specific software applications.

Founded in 2012 and headquartered in Nashville, Tennessee, i3 Verticals built its business through organic development and acquisitions of specialized software and payments companies.