i3 Verticals (NASDAQ:IIIV) had its price target upped by Raymond James from $40.00 to $42.00 in a research report released on Wednesday, PriceTargets.com reports. They currently have a strong-buy rating on the stock.
A number of other analysts have also issued reports on IIIV. Stephens began coverage on shares of i3 Verticals in a research note on Tuesday, December 15th. They set an overweight rating and a $37.00 target price for the company. BTIG Research boosted their target price on shares of i3 Verticals from $33.00 to $37.00 and gave the company a buy rating in a research note on Wednesday, January 6th. Piper Sandler began coverage on shares of i3 Verticals in a research note on Monday, December 21st. They set an overweight rating and a $37.00 target price for the company. Bank of America downgraded i3 Verticals from a neutral rating to an underperform rating and set a $31.00 price objective for the company. in a report on Wednesday, January 6th. Finally, TheStreet upgraded i3 Verticals from a d rating to a c- rating in a report on Monday, November 23rd. Two equities research analysts have rated the stock with a sell rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $37.00.
NASDAQ IIIV opened at $34.59 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.38. The company has a fifty day moving average of $31.07 and a two-hundred day moving average of $27.42. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of -864.75, a PEG ratio of 2.10 and a beta of 1.62. i3 Verticals has a 52 week low of $13.01 and a 52 week high of $35.89.
i3 Verticals (NASDAQ:IIIV) last posted its quarterly earnings data on Sunday, February 7th. The company reported $0.22 EPS for the quarter, hitting the consensus estimate of $0.22. i3 Verticals had a negative net margin of 0.28% and a positive return on equity of 10.30%. Equities research analysts anticipate that i3 Verticals will post 0.76 EPS for the current year.
In other news, Director David M. Wilds sold 400,000 shares of the company’s stock in a transaction dated Thursday, December 10th. The shares were sold at an average price of $27.10, for a total transaction of $10,840,000.00. Following the transaction, the director now owns 270,636 shares in the company, valued at $7,334,235.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CTO Robert Bertke sold 3,149 shares of the company’s stock in a transaction dated Friday, December 18th. The shares were sold at an average price of $32.01, for a total transaction of $100,799.49. Following the transaction, the chief technology officer now owns 1,200 shares in the company, valued at approximately $38,412. The disclosure for this sale can be found here. Insiders sold 432,120 shares of company stock valued at $11,778,061 over the last quarter. 40.10% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of i3 Verticals by 33.4% during the fourth quarter. BlackRock Inc. now owns 1,244,975 shares of the company’s stock valued at $41,333,000 after acquiring an additional 311,431 shares in the last quarter. JPMorgan Chase & Co. boosted its position in i3 Verticals by 0.9% in the third quarter. JPMorgan Chase & Co. now owns 1,203,700 shares of the company’s stock valued at $30,129,000 after buying an additional 10,397 shares during the last quarter. Crosslink Capital Inc. boosted its position in i3 Verticals by 17.2% in the third quarter. Crosslink Capital Inc. now owns 307,272 shares of the company’s stock valued at $7,759,000 after buying an additional 45,151 shares during the last quarter. Wells Fargo & Company MN boosted its position in i3 Verticals by 44.6% in the fourth quarter. Wells Fargo & Company MN now owns 257,889 shares of the company’s stock valued at $8,562,000 after buying an additional 79,506 shares during the last quarter. Finally, Scout Investments Inc. boosted its position in i3 Verticals by 2.8% in the fourth quarter. Scout Investments Inc. now owns 228,609 shares of the company’s stock valued at $7,590,000 after buying an additional 6,200 shares during the last quarter. Hedge funds and other institutional investors own 61.12% of the company’s stock.
About i3 Verticals
i3 Verticals, Inc provides integrated payment and software solutions to small- and medium-sized businesses and organizations in education, non-profit, public sector, property management, and healthcare markets in the United States. It operates in two segments, Merchant Services, and Proprietary Software and Payments.
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