Analysts Set i3 Verticals, Inc. (NASDAQ:IIIV) Target Price at $26.40

i3 Verticals, Inc. (NASDAQ:IIIV) has earned an average recommendation of “Moderate Buy” from the six analysts that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $26.83.

IIIV has been the topic of a number of recent analyst reports. Raymond James lowered their price target on shares of i3 Verticals from $31.00 to $28.00 and set a “strong-buy” rating on the stock in a report on Monday, August 12th. Stephens restated an “overweight” rating and issued a $29.00 price target on shares of i3 Verticals in a report on Friday. BMO Capital Markets lowered their target price on shares of i3 Verticals from $25.00 to $24.00 and set a “market perform” rating for the company in a research note on Monday, May 13th. KeyCorp lowered their target price on shares of i3 Verticals from $28.00 to $27.00 and set an “overweight” rating for the company in a research note on Monday, August 12th. Finally, Benchmark reiterated a “buy” rating and issued a $33.00 target price on shares of i3 Verticals in a research note on Friday.

i3 Verticals Stock Up 1.6 %

NASDAQ:IIIV opened at $21.56 on Friday. i3 Verticals has a fifty-two week low of $17.54 and a fifty-two week high of $25.51. The stock has a market capitalization of $721.66 million, a P/E ratio of 2,156.00 and a beta of 1.58. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.81 and a current ratio of 0.81. The company’s 50-day simple moving average is $22.13 and its 200-day simple moving average is $21.57.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of i3 Verticals by 0.8% in the third quarter. Vanguard Group Inc. now owns 1,262,579 shares of the company’s stock valued at $26,691,000 after acquiring an additional 9,705 shares during the period. SG Americas Securities LLC grew its stake in i3 Verticals by 31.0% in the fourth quarter. SG Americas Securities LLC now owns 7,762 shares of the company’s stock worth $164,000 after purchasing an additional 1,836 shares in the last quarter. Raymond James & Associates increased its holdings in i3 Verticals by 2.9% in the fourth quarter. Raymond James & Associates now owns 79,927 shares of the company’s stock valued at $1,692,000 after buying an additional 2,267 shares during the last quarter. Cullen Investment Group LTD. acquired a new stake in i3 Verticals during the fourth quarter valued at approximately $1,878,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in i3 Verticals by 36.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,992 shares of the company’s stock worth $106,000 after buying an additional 1,345 shares during the last quarter. Institutional investors and hedge funds own 84.22% of the company’s stock.

i3 Verticals Company Profile

i3 Verticals, Inc provides integrated payment and software solutions primarily to the public sector and healthcare markets in the United States. It operates in two segments, Software and Services, and Merchant Services. The company offers payment processing services that enables upper and lower court case management, collections, finance and accounting, motor vehicle and carrier registration, e-filing and taxation, license plate inventory, property tax management, utility billing, professional licensing, document workflow, and law enforcement software; assists public schools in completing payment processing functions, including accepting payments for online or at school lunches, and school activities.