i3 Verticals (NASDAQ:IIIV) PT Lowered to $21.00

i3 Verticals (NASDAQ:IIIV) had its target price decreased by investment analysts at BMO Capital Markets from $23.00 to $21.00 in a report released on Thursday, Benzinga reports. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ target price would suggest a potential downside of 4.37% from the company’s current price.

A number of other equities research analysts have also recently issued reports on the stock. Raymond James decreased their price objective on shares of i3 Verticals from $31.00 to $28.00 and set a “strong-buy” rating for the company in a report on Monday, August 12th. DA Davidson restated a “buy” rating and issued a $32.00 target price on shares of i3 Verticals in a report on Monday, September 30th. Benchmark reissued a “buy” rating and issued a $33.00 price target on shares of i3 Verticals in a research report on Tuesday, September 3rd. Stephens reaffirmed an “overweight” rating and set a $29.00 price objective on shares of i3 Verticals in a report on Friday, August 16th. Finally, KeyCorp dropped their target price on shares of i3 Verticals from $28.00 to $27.00 and set an “overweight” rating on the stock in a report on Monday, August 12th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $27.14.

i3 Verticals Stock Performance

Shares of i3 Verticals stock opened at $21.96 on Thursday. The business has a fifty day simple moving average of $22.17 and a 200-day simple moving average of $21.77. The stock has a market cap of $735.05 million, a PE ratio of 2,196.00 and a beta of 1.54. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 1.01. i3 Verticals has a 12 month low of $17.54 and a 12 month high of $25.51.

i3 Verticals (NASDAQ:IIIV) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.31). i3 Verticals had a negative net margin of 0.01% and a positive return on equity of 5.99%. The company had revenue of $56.04 million during the quarter, compared to analyst estimates of $96.43 million. On average, sell-side analysts anticipate that i3 Verticals will post 0.19 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of IIIV. Geneva Capital Management LLC lifted its position in i3 Verticals by 1.7% during the 1st quarter. Geneva Capital Management LLC now owns 1,919,097 shares of the company’s stock worth $43,928,000 after buying an additional 31,271 shares in the last quarter. Hood River Capital Management LLC raised its stake in shares of i3 Verticals by 6.3% in the second quarter. Hood River Capital Management LLC now owns 1,190,184 shares of the company’s stock worth $26,279,000 after acquiring an additional 70,253 shares during the last quarter. Ranger Investment Management L.P. grew its stake in shares of i3 Verticals by 2.6% during the fourth quarter. Ranger Investment Management L.P. now owns 1,047,985 shares of the company’s stock valued at $22,186,000 after purchasing an additional 26,670 shares during the last quarter. Heartland Advisors Inc. grew its stake in shares of i3 Verticals by 10.9% during the first quarter. Heartland Advisors Inc. now owns 599,800 shares of the company’s stock valued at $13,729,000 after purchasing an additional 59,050 shares during the last quarter. Finally, Long Path Partners LP acquired a new stake in shares of i3 Verticals in the second quarter valued at approximately $12,756,000. Institutional investors own 84.22% of the company’s stock.

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.