i3 Verticals (NASDAQ:IIIV) Given New $26.00 Price Target at KeyCorp

i3 Verticals (NASDAQ:IIIV) had its price target lifted by KeyCorp from $23.00 to $26.00 in a research report released on Monday, Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other analysts have also recently commented on the stock. Morgan Stanley cut their price target on shares of i3 Verticals from $25.00 to $20.00 and set an equal weight rating for the company in a research note on Monday, February 12th. Benchmark restated a buy rating and set a $28.00 target price on shares of i3 Verticals in a research note on Monday, April 1st. TheStreet upgraded shares of i3 Verticals from a d+ rating to a c- rating in a research note on Monday, March 18th. Finally, BMO Capital Markets cut their target price on shares of i3 Verticals from $24.00 to $23.00 and set a market perform rating for the company in a research note on Monday, February 12th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of $27.43.

i3 Verticals Stock Down 1.3 %

i3 Verticals stock opened at $23.15 on Monday. The company has a market cap of $772.58 million, a P/E ratio of -330.71 and a beta of 1.57. i3 Verticals has a 1-year low of $17.54 and a 1-year high of $25.70. The company has a fifty day simple moving average of $22.31 and a 200 day simple moving average of $20.78. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.85.

i3 Verticals (NASDAQ:IIIV) last released its earnings results on Thursday, February 8th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. The business had revenue of $91.99 million during the quarter, compared to the consensus estimate of $92.92 million. i3 Verticals had a net margin of 0.14% and a return on equity of 9.28%. Research analysts anticipate that i3 Verticals will post 0.95 earnings per share for the current fiscal year.

Hedge Funds Weigh In On i3 Verticals

Hedge funds have recently bought and sold shares of the company. Cape Investment Advisory Inc. bought a new position in i3 Verticals in the 4th quarter valued at about $30,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of i3 Verticals by 36.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,992 shares of the company’s stock valued at $106,000 after purchasing an additional 1,345 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of i3 Verticals during the 3rd quarter valued at approximately $125,000. Principal Financial Group Inc. bought a new stake in shares of i3 Verticals during the 3rd quarter valued at approximately $200,000. Finally, Olympiad Research LP bought a new stake in shares of i3 Verticals during the 4th quarter valued at approximately $203,000. 84.22% of the stock is owned by institutional investors.

About i3 Verticals

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.