i3 Verticals (NASDAQ:IIIV) Hits New 52-Week Low – Here’s What Happened

i3 Verticals, Inc. (NASDAQ:IIIV) reached a new 52-week low on Thursday . The company traded as low as $21.85 and last traded at $21.9550, with a volume of 57277 shares trading hands. The stock had previously closed at $22.59.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on IIIV shares. DA Davidson set a $35.00 price objective on i3 Verticals in a research report on Thursday, November 20th. Morgan Stanley cut their target price on i3 Verticals from $30.00 to $28.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of i3 Verticals in a research report on Monday, December 29th. Zacks Research raised shares of i3 Verticals from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 30th. Finally, KeyCorp cut their price objective on shares of i3 Verticals from $35.00 to $32.00 and set an “overweight” rating for the company in a research note on Wednesday, November 19th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, i3 Verticals currently has a consensus rating of “Moderate Buy” and an average price target of $33.33.

i3 Verticals Trading Up 1.9%

The stock has a 50 day simple moving average of $24.99 and a 200 day simple moving average of $28.53. The firm has a market capitalization of $718.49 million, a PE ratio of 32.66 and a beta of 1.01.

i3 Verticals (NASDAQ:IIIV) last released its quarterly earnings data on Monday, November 17th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $53.68 million. i3 Verticals has set its FY 2026 guidance at 1.060-1.160 EPS. As a group, equities analysts anticipate that i3 Verticals, Inc. will post 0.9 earnings per share for the current year.

Insider Transactions at i3 Verticals

In other i3 Verticals news, CRO Paul Christians sold 9,000 shares of the company’s stock in a transaction that occurred 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 transaction, the executive owned 45,818 shares of the company’s stock, valued at $1,066,184.86. This represents a 16.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Frederick Stanford sold 11,347 shares of the stock in a transaction that occurred 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 completion of the sale, the president owned 43,653 shares of the company’s stock, valued at approximately $1,056,839.13. This trade represents a 20.63% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 23,639 shares of company stock valued at $562,425. 60.09% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On i3 Verticals

Hedge funds and other institutional investors have recently made changes to their positions in the business. Elevation Point Wealth Partners LLC bought a new stake in i3 Verticals in the second quarter valued at $26,000. CWM LLC lifted its position in shares of i3 Verticals by 221.7% in the 4th quarter. CWM LLC now owns 1,393 shares of the company’s stock worth $35,000 after purchasing an additional 960 shares during the period. BNP Paribas Financial Markets lifted its position in shares of i3 Verticals by 65.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,198 shares of the company’s stock worth $60,000 after purchasing an additional 870 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of i3 Verticals by 229.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,220 shares of the company’s stock valued at $61,000 after purchasing an additional 1,547 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new position in shares of i3 Verticals during the third quarter valued at about $75,000. Institutional investors 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.