i3 Verticals (IIIV) Projected to Post Quarterly Earnings on Thursday

i3 Verticals (NASDAQ:IIIV) is expected to announce its earnings results after the market closes on Thursday, February 6th. Analysts expect the company to announce earnings of $0.28 per share and revenue of $58.79 million for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

i3 Verticals Stock Performance

NASDAQ IIIV opened at $25.51 on Thursday. i3 Verticals has a 52-week low of $17.54 and a 52-week high of $26.66. The company has a 50-day simple moving average of $23.77 and a 200 day simple moving average of $23.15. The company has a market capitalization of $855.61 million, a PE ratio of 5.73 and a beta of 1.49.

Insider Activity

In other i3 Verticals news, President Frederick Stanford sold 17,577 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $25.28, for a total value of $444,346.56. Following the completion of the transaction, the president now owns 100,000 shares of the company’s stock, valued at $2,528,000. The trade was a 14.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 59.07% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on IIIV. Benchmark reiterated a “buy” rating and set a $33.00 target price on shares of i3 Verticals in a research report on Tuesday, November 19th. BMO Capital Markets cut their target price 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 reiterated an “overweight” rating and set a $29.00 target price on shares of i3 Verticals in a research report on Tuesday, November 19th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $27.14.

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.