DA Davidson Reiterates “Buy” Rating for i3 Verticals (NASDAQ:IIIV)

i3 Verticals (NASDAQ:IIIV)‘s stock had its “buy” rating reiterated by investment analysts at DA Davidson in a research report issued on Monday,Benzinga reports. They presently have a $35.00 target price on the stock. DA Davidson’s price target points to a potential upside of 68.03% from the company’s previous close.

Several other research firms have also recently issued reports on IIIV. Morgan Stanley lowered their price objective on shares of 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. Zacks Research upgraded shares of i3 Verticals from a “strong sell” rating to a “hold” rating in a report on Thursday, October 30th. KeyCorp lowered their price target on shares of i3 Verticals from $35.00 to $32.00 and set an “overweight” rating for the company in a research report on Wednesday, November 19th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of i3 Verticals in a report on Monday, December 29th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $33.33.

i3 Verticals Price Performance

Shares of NASDAQ:IIIV opened at $20.83 on Monday. The firm has a market capitalization of $673.85 million, a PE ratio of 30.63 and a beta of 0.99. The business has a 50 day simple moving average of $24.88 and a two-hundred day simple moving average of $28.43. i3 Verticals has a 1 year low of $20.65 and a 1 year high of $33.97.

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, topping the consensus estimate of $0.26 by $0.01. i3 Verticals had a return on equity of 4.66% and a net margin of 7.72%.The firm had revenue of $109.80 million for the quarter, compared to the consensus estimate of $53.68 million. i3 Verticals has set its FY 2026 guidance at 1.060-1.160 EPS. Equities research analysts expect that i3 Verticals will post 0.9 EPS for the current fiscal year.

Insider Buying and Selling at i3 Verticals

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

Hedge Funds Weigh In On i3 Verticals

Several hedge funds have recently modified their holdings of the stock. Elevation Point Wealth Partners LLC acquired a new stake in i3 Verticals in the 2nd quarter worth approximately $26,000. CWM LLC raised its holdings in shares of i3 Verticals by 221.7% in the fourth quarter. CWM LLC now owns 1,393 shares of the company’s stock worth $35,000 after buying an additional 960 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of i3 Verticals by 65.5% in the second quarter. BNP Paribas Financial Markets now owns 2,198 shares of the company’s stock worth $60,000 after buying an additional 870 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of i3 Verticals by 229.9% during the second quarter. Tower Research Capital LLC TRC now owns 2,220 shares of the company’s stock worth $61,000 after buying an additional 1,547 shares during the period. Finally, Advisory Services Network LLC purchased a new stake in shares of i3 Verticals during the third quarter valued at $75,000. Institutional investors and hedge funds own 84.22% of the company’s stock.

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.