i3 Verticals (NASDAQ:IIIV) Issues FY 2022 Earnings Guidance

i3 Verticals (NASDAQ:IIIV) updated its FY 2022 earnings guidance on Wednesday. The company provided EPS guidance of $1.250-$1.400 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.220. The company issued revenue guidance of $280 million-$300 million, compared to the consensus revenue estimate of $261.11 million.

IIIV stock traded up $0.04 during midday trading on Thursday, reaching $20.69. 123,710 shares of the company’s stock traded hands, compared to its average volume of 151,298. The firm has a 50-day moving average price of $24.05. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.61 and a quick ratio of 0.61. i3 Verticals has a 52 week low of $19.73 and a 52 week high of $35.99. The stock has a market capitalization of $666.38 million, a price-to-earnings ratio of -62.70, a PEG ratio of 1.80 and a beta of 1.55.

i3 Verticals (NASDAQ:IIIV) last released its quarterly earnings results on Tuesday, November 16th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.09). i3 Verticals had a positive return on equity of 6.78% and a negative net margin of 2.69%. During the same quarter in the prior year, the firm posted $0.11 earnings per share. On average, sell-side analysts forecast that i3 Verticals will post 0.73 EPS for the current fiscal year.

A number of analysts have recently weighed in on the stock. Morgan Stanley dropped their target price on shares of i3 Verticals from $34.00 to $24.50 and set an equal weight rating for the company in a report on Friday, November 19th. Zacks Investment Research raised shares of i3 Verticals from a strong sell rating to a hold rating in a research note on Tuesday. TheStreet downgraded shares of i3 Verticals from a c- rating to a d+ rating in a research report on Monday, October 4th. KeyCorp reduced their price target on shares of i3 Verticals from $40.00 to $30.00 and set an overweight rating for the company in a research report on Monday, November 1st. Finally, Raymond James dropped their target price on shares of i3 Verticals from $42.00 to $40.00 and set a strong-buy rating on the stock in a report on Tuesday, October 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, i3 Verticals currently has a consensus rating of Buy and a consensus price target of $33.72.

In other news, President Frederick Stanford sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, November 22nd. The shares were sold at an average price of $21.21, for a total transaction of $318,150.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 31.90% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in IIIV. Morgan Stanley boosted its position in shares of i3 Verticals by 85.2% during the 3rd quarter. Morgan Stanley now owns 47,646 shares of the company’s stock worth $1,153,000 after purchasing an additional 21,917 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of i3 Verticals by 7.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 130,943 shares of the company’s stock worth $3,170,000 after purchasing an additional 9,468 shares in the last quarter. Invesco Ltd. boosted its position in shares of i3 Verticals by 19.2% during the 3rd quarter. Invesco Ltd. now owns 47,028 shares of the company’s stock worth $1,139,000 after purchasing an additional 7,591 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of i3 Verticals by 440.7% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 4,407 shares of the company’s stock worth $107,000 after purchasing an additional 3,592 shares in the last quarter. Finally, UBS Group AG boosted its position in shares of i3 Verticals by 177.9% during the 3rd quarter. UBS Group AG now owns 1,798 shares of the company’s stock worth $44,000 after purchasing an additional 1,151 shares in the last quarter. 61.88% of the stock is currently owned by institutional investors.

i3 Verticals Company Profile

i3 Verticals, Inc is a holding company, which engages in the provision of integrated payment and software solutions to small-and medium-sized businesses and organizations in strategic vertical markets. It operates through the following segments: Merchant Services, Proprietary Software and Payments, and Others.

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