i3 Verticals, Inc. (NASDAQ:IIIV) Stock Now Rated “Hold” by Sell-Side Brokerages

Shares of i3 Verticals, Inc. (NASDAQ:IIIV) have been given a consensus rating of “Hold” by the seven ratings firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $25.00.

Several research analysts have issued reports on IIIV shares. DA Davidson lowered their price target on shares of i3 Verticals from $30.00 to $28.00 and set a “buy” rating for the company in a report on Monday, August 10th. Stephens began coverage on shares of i3 Verticals in a research report on Friday. They issued an “equal weight” rating and a $23.00 price target on the stock. KeyCorp reduced their price objective on shares of i3 Verticals from $27.00 to $20.00 and set an “overweight” rating on the stock in a research note on Monday, August 10th. Weiss Ratings cut shares of i3 Verticals from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, August 21st. Finally, Benchmark downgraded shares of i3 Verticals from a “buy” rating to a “hold” rating in a research note on Monday, August 10th.

i3 Verticals Trading Up 1.4%

Shares of i3 Verticals stock traded up $0.27 during midday trading on Friday, reaching $18.91. The company had a trading volume of 216,003 shares, compared to its average volume of 286,196. The stock has a fifty day moving average price of $16.38 and a 200 day moving average price of $19.63. i3 Verticals has a fifty-two week low of $13.63 and a fifty-two week high of $29.69. The firm has a market cap of $497.71 million, a PE ratio of 49.76 and a beta of 0.79. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.21 and a quick ratio of 1.21.

Institutional Trading of i3 Verticals

A number of institutional investors have recently bought and sold shares of the company. Fifth Third Bancorp bought a new position in shares of i3 Verticals in the 1st quarter worth about $28,000. Integrated Wealth Concepts LLC bought a new stake in shares of i3 Verticals during the 2nd quarter valued at about $40,000. State of Wyoming bought a new stake in shares of i3 Verticals during the 1st quarter valued at about $70,000. Corient Private Wealth LP acquired a new stake in i3 Verticals during the second quarter worth approximately $262,000. Finally, Empowered Funds LLC grew its stake in i3 Verticals by 10.6% during the first quarter. Empowered Funds LLC now owns 12,556 shares of the company’s stock worth $281,000 after purchasing an additional 1,208 shares during the period. Institutional investors own 84.22% of the company’s stock.

i3 Verticals Company Profile

i3 Verticals is a software company that develops technology for specialized markets, with a focus on public-sector organizations. Its products support functions such as utility billing, court and government operations, and payment collection. The company has also served customers in education and other markets, offering software designed to manage sector-specific administrative and operational needs. Its solutions can include integrated payment capabilities that help organizations process transactions through their software systems.