i3 Verticals, Inc. (NASDAQ:IIIV) Receives Average Recommendation of “Moderate Buy” from Brokerages

i3 Verticals, Inc. (NASDAQ:IIIV) has been given a consensus recommendation of “Moderate Buy” by the eight analysts that are currently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $33.3333.

Several brokerages recently weighed in on IIIV. DA Davidson set a $35.00 target price on shares of i3 Verticals in a research note on Thursday, November 20th. Zacks Research raised i3 Verticals from a “strong sell” rating to a “hold” rating in a report on Thursday, October 30th. Morgan Stanley decreased their price objective on i3 Verticals from $30.00 to $28.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of i3 Verticals in a research report on Monday, December 29th. Finally, KeyCorp dropped their target price on shares of i3 Verticals from $35.00 to $32.00 and set an “overweight” rating for the company in a report on Wednesday, November 19th.

Insider Transactions at i3 Verticals

In related news, President Frederick Stanford sold 11,347 shares of i3 Verticals stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $24.21, for a total transaction of $274,710.87. Following the completion of the transaction, the president directly owned 43,653 shares of the company’s stock, valued at $1,056,839.13. This trade represents a 20.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CRO Paul Christians sold 9,000 shares of i3 Verticals stock in a transaction 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 completion of the transaction, the executive owned 45,818 shares of the company’s stock, valued at approximately $1,066,184.86. The trade was a 16.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 23,639 shares of company stock valued at $562,425 over the last 90 days. Corporate insiders own 59.07% of the company’s stock.

Hedge Funds Weigh In On i3 Verticals

Hedge funds and other institutional investors have recently made changes to their positions in the company. Thrivent Financial for Lutherans grew its position in i3 Verticals by 274.8% in the 2nd quarter. Thrivent Financial for Lutherans now owns 547,598 shares of the company’s stock worth $15,048,000 after purchasing an additional 401,493 shares in the last quarter. 12th Street Asset Management Company LLC grew its stake in i3 Verticals by 159.9% in the 3rd quarter. 12th Street Asset Management Company LLC now owns 609,942 shares of the company’s stock valued at $19,799,000 after buying an additional 375,240 shares in the last quarter. Wasatch Advisors LP bought a new stake in shares of i3 Verticals during the second quarter valued at about $8,271,000. Loomis Sayles & Co. L P bought a new stake in i3 Verticals during the 2nd quarter worth approximately $6,210,000. Finally, Jennison Associates LLC purchased a new stake in shares of i3 Verticals in the 2nd quarter valued at about $4,404,000. 84.22% of the stock is owned by institutional investors.

i3 Verticals Stock Down 3.2%

NASDAQ IIIV opened at $24.85 on Friday. The company has a 50 day moving average price of $25.69 and a two-hundred day moving average price of $28.89. i3 Verticals has a 12-month low of $22.00 and a 12-month high of $33.97. The stock has a market capitalization of $803.90 million, a PE ratio of 36.54 and a beta of 1.01.

i3 Verticals (NASDAQ:IIIV) last released its quarterly earnings results on Monday, November 17th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. i3 Verticals had a return on equity of 4.66% and a net margin of 7.72%.The company had revenue of $109.80 million for the quarter, compared to analyst estimates of $53.68 million. i3 Verticals has set its FY 2026 guidance at 1.060-1.160 EPS. As a group, equities analysts anticipate that i3 Verticals will post 0.9 EPS for the current year.

About i3 Verticals

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.