i3 Verticals (NASDAQ:IIIV) Sets New 1-Year Low – What’s Next?

i3 Verticals, Inc. (NASDAQ:IIIV)’s share price reached a new 52-week low during mid-day trading on Friday . The company traded as low as $18.43 and last traded at $19.4220, with a volume of 72765 shares. The stock had previously closed at $21.96.

Analysts Set New Price Targets

IIIV has been the subject of a number of recent research reports. DA Davidson reduced their target price on shares of i3 Verticals from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Wednesday, May 13th. Benchmark lowered their price target on shares of i3 Verticals from $39.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, May 14th. Weiss Ratings raised shares of i3 Verticals from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, May 12th. Finally, Cantor Fitzgerald cut their price objective on shares of i3 Verticals from $30.00 to $27.00 and set an “overweight” rating for the company in a report on Monday, May 11th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $29.83.

i3 Verticals Price Performance

The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.34 and a current ratio of 1.34. The stock’s 50-day moving average is $20.69 and its two-hundred day moving average is $21.50. The stock has a market cap of $531.76 million, a PE ratio of 27.55 and a beta of 0.83.

i3 Verticals (NASDAQ:IIIV) last announced its earnings results on Thursday, August 6th. The company reported $0.25 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.25. i3 Verticals had a return on equity of 4.19% and a net margin of 8.59%.The company had revenue of $53.07 million for the quarter, compared to analyst estimates of $54.99 million. i3 Verticals has set its FY 2026 guidance at 1.080-1.120 EPS. On average, equities analysts predict that i3 Verticals, Inc. will post 0.66 earnings per share for the current year.

Insider Activity

In other news, CEO Gregory S. Daily bought 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were purchased at an average price of $19.23 per share, with a total value of $961,500.00. Following the purchase, the chief executive officer owned 50,000 shares in the company, valued at approximately $961,500. The trade was a ? increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 60.09% of the company’s stock.

Hedge Funds Weigh In On i3 Verticals

Institutional investors have recently bought and sold shares of the company. Jennison Associates LLC increased its stake in i3 Verticals by 16.5% during the fourth quarter. Jennison Associates LLC now owns 1,093,762 shares of the company’s stock worth $27,552,000 after purchasing an additional 154,887 shares during the period. Punch & Associates Investment Management Inc. boosted its stake in shares of i3 Verticals by 32.8% in the first quarter. Punch & Associates Investment Management Inc. now owns 1,032,606 shares of the company’s stock valued at $23,089,000 after purchasing an additional 255,079 shares during the period. North Reef Capital Management LP boosted its stake in shares of i3 Verticals by 1,253.8% in the first quarter. North Reef Capital Management LP now owns 1,025,000 shares of the company’s stock valued at $22,919,000 after purchasing an additional 949,289 shares during the period. Thrivent Financial for Lutherans boosted its stake in shares of i3 Verticals by 11.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 728,505 shares of the company’s stock valued at $18,351,000 after purchasing an additional 73,420 shares during the period. Finally, State Street Corp grew its holdings in shares of i3 Verticals by 4.3% in the fourth quarter. State Street Corp now owns 707,344 shares of the company’s stock valued at $17,818,000 after purchasing an additional 29,482 shares in the last quarter. 84.22% of the stock is owned by institutional investors and hedge funds.

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.