Shares of i3 Verticals Inc (NASDAQ:IIIV) have earned an average rating of “Buy” from the six analysts that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $24.40.
A number of research analysts have recently commented on the company. Zacks Investment Research lowered i3 Verticals from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 6th. BTIG Research assumed coverage on i3 Verticals in a report on Tuesday, December 11th. They set a “buy” rating and a $27.00 price objective on the stock. Raymond James increased their price objective on i3 Verticals from $19.00 to $23.00 and gave the company an “outperform” rating in a report on Friday, November 30th. Finally, KeyCorp increased their price objective on i3 Verticals from $22.00 to $26.00 and gave the company an “overweight” rating in a report on Wednesday, January 2nd.
IIIV stock traded down $0.72 during mid-day trading on Thursday, hitting $22.45. The stock had a trading volume of 52,542 shares, compared to its average volume of 100,717. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.53 and a quick ratio of 0.53. The firm has a market cap of $590.55 million and a P/E ratio of 40.09. i3 Verticals has a 1-year low of $13.79 and a 1-year high of $27.09.
Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc increased its holdings in shares of i3 Verticals by 333.9% during the 3rd quarter. Vanguard Group Inc now owns 216,963 shares of the company’s stock valued at $4,986,000 after acquiring an additional 166,963 shares during the last quarter. Marshall Wace LLP acquired a new stake in i3 Verticals in the 3rd quarter valued at approximately $4,065,000. Legal & General Group Plc acquired a new stake in i3 Verticals in the 3rd quarter valued at approximately $27,000. BlackRock Inc. grew its holdings in i3 Verticals by 103.2% in the 3rd quarter. BlackRock Inc. now owns 583,460 shares of the company’s stock valued at $13,407,000 after buying an additional 296,281 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in i3 Verticals by 333.9% in the 3rd quarter. Vanguard Group Inc. now owns 216,963 shares of the company’s stock valued at $4,986,000 after buying an additional 166,963 shares during the last quarter. 33.16% of the stock is currently owned by institutional investors and hedge funds.
i3 Verticals Company Profile
i3 Verticals, Inc provides integrated payment and software solutions to small- and medium-sized businesses and organizations in education, non-profit, public sector, property management, and healthcare markets in the United States. The company offers payment processing services, including merchant onboarding, risk and underwriting, authorization, settlement, chargeback processing, and other merchant support.
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