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

i3 Verticals, Inc. (NASDAQ:IIIV) has earned a consensus rating of “Moderate Buy” from the seven brokerages that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $27.14.

IIIV has been the subject of a number of analyst reports. DA Davidson reaffirmed a “buy” rating and issued a $32.00 price target on shares of i3 Verticals in a research report on Monday, September 30th. Stephens reaffirmed an “overweight” rating and set a $29.00 target price on shares of i3 Verticals in a research report on Tuesday, November 19th. Benchmark reissued a “buy” rating and issued a $33.00 price target on shares of i3 Verticals in a research report on Tuesday, November 19th. KeyCorp decreased their price objective on shares of i3 Verticals from $28.00 to $27.00 and set an “overweight” rating for the company in a report on Monday, August 12th. Finally, BMO Capital Markets dropped their target price on shares of i3 Verticals from $23.00 to $21.00 and set a “market perform” rating on the stock in a report on Thursday, October 3rd.

Hedge Funds Weigh In On i3 Verticals

Institutional investors and hedge funds have recently bought and sold shares of the stock. Comerica Bank grew its position in i3 Verticals by 46.0% in the 1st quarter. Comerica Bank now owns 2,133 shares of the company’s stock worth $49,000 after purchasing an additional 672 shares during the last quarter. Quantbot Technologies LP acquired a new stake in i3 Verticals during the third quarter worth about $109,000. SG Americas Securities LLC bought a new position in i3 Verticals during the second quarter valued at about $116,000. EntryPoint Capital LLC bought a new position in i3 Verticals during the first quarter valued at about $210,000. Finally, Atom Investors LP acquired a new position in i3 Verticals in the 3rd quarter valued at approximately $218,000. Institutional investors own 84.22% of the company’s stock.

i3 Verticals Stock Up 1.2 %

IIIV stock opened at $23.67 on Tuesday. The firm has a market cap of $799.81 million, a PE ratio of 5.32 and a beta of 1.53. i3 Verticals has a 1 year low of $17.54 and a 1 year high of $26.00. The company has a fifty day simple moving average of $23.00 and a 200 day simple moving average of $21.99. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 1.01.

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.