i3 Verticals, Inc. (NASDAQ:IIIV) Given Consensus Rating of “Moderate Buy” by Analysts

i3 Verticals, Inc. (NASDAQ:IIIV) has been assigned a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $27.14.

Several equities analysts have recently weighed in on the company. Benchmark reaffirmed a “buy” rating and issued a $33.00 price objective on shares of i3 Verticals in a research note on Tuesday, November 19th. DA Davidson reaffirmed a “buy” rating and set a $32.00 price target on shares of i3 Verticals in a research report on Monday, September 30th. BMO Capital Markets dropped their price objective on shares of i3 Verticals from $23.00 to $21.00 and set a “market perform” rating for the company in a research report on Thursday, October 3rd. Finally, Stephens restated an “overweight” rating and set a $29.00 target price on shares of i3 Verticals in a report on Tuesday, November 19th.

i3 Verticals Trading Down 0.5 %

Shares of i3 Verticals stock opened at $23.34 on Friday. The business’s fifty day moving average price is $23.69 and its 200 day moving average price is $22.49. i3 Verticals has a twelve month low of $17.54 and a twelve month high of $26.66. The stock has a market capitalization of $782.82 million, a P/E ratio of 5.24 and a beta of 1.49.

Insider Activity at i3 Verticals

In other news, President Frederick Stanford sold 17,577 shares of i3 Verticals stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $25.28, for a total transaction of $444,346.56. Following the sale, the president now directly owns 100,000 shares of the company’s stock, valued at approximately $2,528,000. The trade was a 14.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 34.00% of the company’s stock.

Institutional Investors Weigh In On i3 Verticals

A number of hedge funds have recently bought and sold shares of IIIV. Barclays PLC boosted its stake in shares of i3 Verticals by 112.3% during the 3rd quarter. Barclays PLC now owns 41,036 shares of the company’s stock valued at $873,000 after buying an additional 21,709 shares during the last quarter. Bares Capital Management Inc. bought a new position in i3 Verticals during the 3rd quarter valued at $334,000. ABS Direct Equity Fund LLC boosted its stake in i3 Verticals by 40.0% during the 3rd quarter. ABS Direct Equity Fund LLC now owns 35,000 shares of the company’s stock valued at $746,000 after acquiring an additional 10,000 shares during the last quarter. State Street Corp grew its holdings in i3 Verticals by 0.5% during the 3rd quarter. State Street Corp now owns 495,943 shares of the company’s stock worth $10,569,000 after acquiring an additional 2,664 shares in the last quarter. Finally, Portolan Capital Management LLC increased its position in shares of i3 Verticals by 3.8% in the 3rd quarter. Portolan Capital Management LLC now owns 653,072 shares of the company’s stock worth $13,917,000 after purchasing an additional 23,921 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.