i3 Verticals (NASDAQ:IIIV) Stock Price Down 6.5% – Should You Sell?

i3 Verticals, Inc. (NASDAQ:IIIV) fell 6.5% during trading on Monday . The company traded as low as $19.25 and last traded at $19.27. 190,609 shares changed hands during mid-day trading, a decline of 49% from the average session volume of 373,945 shares. The stock had previously closed at $20.62.

Wall Street Analyst Weigh In

A number of research firms have recently commented on IIIV. Weiss Ratings upgraded shares of i3 Verticals from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, May 12th. DA Davidson cut their price target on shares of i3 Verticals from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Wednesday, May 13th. Cantor Fitzgerald cut their price target on shares of i3 Verticals from $30.00 to $27.00 and set an “overweight” rating on the stock in a report on Monday, May 11th. Finally, Benchmark cut their price target on shares of i3 Verticals from $39.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, May 14th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $29.83.

i3 Verticals Stock Down 5.0%

The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $547.15 million, a PE ratio of 27.99 and a beta of 0.84. The company’s 50-day moving average is $20.84 and its 200 day moving average is $22.73.

i3 Verticals (NASDAQ:IIIV) last posted its earnings results on Thursday, May 7th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.02. The firm had revenue of $57.52 million during the quarter, compared to analyst estimates of $57.51 million. i3 Verticals had a net margin of 8.59% and a return on equity of 4.19%. i3 Verticals has set its FY 2026 guidance at 1.090-1.150 EPS. As a group, analysts anticipate that i3 Verticals, Inc. will post 0.67 EPS for the current year.

Insider Transactions at i3 Verticals

In other i3 Verticals news, CEO Gregory S. Daily bought 50,000 shares of the stock in a transaction on Thursday, May 14th. The shares were bought at an average price of $19.23 per share, with a total value of $961,500.00. Following the purchase, the chief executive officer directly owned 50,000 shares in the company, valued at $961,500. This trade represents a ? increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 60.09% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On i3 Verticals

A number of large investors have recently made changes to their positions in IIIV. The Manufacturers Life Insurance Company lifted its position in i3 Verticals by 4.9% in the second quarter. The Manufacturers Life Insurance Company now owns 8,619 shares of the company’s stock valued at $237,000 after buying an additional 402 shares during the last quarter. Vident Advisory LLC lifted its position in i3 Verticals by 2.4% in the fourth quarter. Vident Advisory LLC now owns 25,240 shares of the company’s stock valued at $636,000 after buying an additional 580 shares during the last quarter. Cetera Investment Advisers lifted its position in i3 Verticals by 2.4% in the first quarter. Cetera Investment Advisers now owns 26,636 shares of the company’s stock valued at $596,000 after buying an additional 613 shares during the last quarter. TD Asset Management Inc lifted its position in i3 Verticals by 1.2% in the third quarter. TD Asset Management Inc now owns 66,330 shares of the company’s stock valued at $2,153,000 after buying an additional 802 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of i3 Verticals by 65.5% during the second quarter. BNP Paribas Financial Markets now owns 2,198 shares of the company’s stock worth $60,000 after purchasing an additional 870 shares in the last quarter. 84.22% of the stock is currently owned by hedge funds and other institutional investors.

About i3 Verticals

i3 Verticals, Inc is a provider of integrated software and merchant payment processing solutions tailored for specific vertical markets across the United States. Since its founding in 2001 and headquartered in Columbia, South Carolina, the company has focused on delivering SaaS-based applications and payment services to streamline revenue collection and management workflows for its clients.

The company’s product portfolio includes electronic payment processing for credit and debit card transactions, automated clearing house (ACH) transfers, online and mobile payment portals, and related risk management and compliance tools.