i3 Verticals, Inc. (NASDAQ:IIIV) Shares Bought by 1492 Capital Management LLC

1492 Capital Management LLC boosted its holdings in i3 Verticals, Inc. (NASDAQ:IIIVFree Report) by 16.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 46,341 shares of the company’s stock after acquiring an additional 6,615 shares during the period. 1492 Capital Management LLC owned 0.14% of i3 Verticals worth $981,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in IIIV. Victory Capital Management Inc. increased its stake in shares of i3 Verticals by 2.4% during the 4th quarter. Victory Capital Management Inc. now owns 43,000 shares of the company’s stock worth $910,000 after purchasing an additional 1,025 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of i3 Verticals by 36.9% in 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 in the last quarter. Cape Investment Advisory Inc. purchased a new position in shares of i3 Verticals in the fourth quarter valued at $30,000. Bank of New York Mellon Corp lifted its holdings in shares of i3 Verticals by 1.5% during the third quarter. Bank of New York Mellon Corp now owns 114,906 shares of the company’s stock worth $2,429,000 after buying an additional 1,749 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in i3 Verticals by 31.0% during the fourth quarter. SG Americas Securities LLC now owns 7,762 shares of the company’s stock worth $164,000 after acquiring an additional 1,836 shares during the period. 84.22% of the stock is currently owned by hedge funds and other institutional investors.

i3 Verticals Price Performance

IIIV traded up $0.01 on Monday, hitting $18.94. 109,900 shares of the stock were exchanged, compared to its average volume of 229,434. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.81 and a quick ratio of 0.81. i3 Verticals, Inc. has a 12 month low of $17.54 and a 12 month high of $25.70. The firm has a market capitalization of $633.92 million, a price-to-earnings ratio of 1,895.90 and a beta of 1.56. The business has a 50-day moving average of $21.96 and a two-hundred day moving average of $21.00.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Benchmark restated a “buy” rating and issued a $28.00 price target on shares of i3 Verticals in a research report on Monday, April 1st. KeyCorp lifted their price objective on i3 Verticals from $23.00 to $26.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. TheStreet raised i3 Verticals from a “d+” rating to a “c-” rating in a research note on Monday, March 18th. BMO Capital Markets cut their price target on i3 Verticals from $25.00 to $24.00 and set a “market perform” rating for the company in a report on Monday, May 13th. Finally, Morgan Stanley decreased their price objective on shares of i3 Verticals from $25.00 to $20.00 and set an “equal weight” rating on the stock in a report on Monday, February 12th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $27.57.

View Our Latest Report on i3 Verticals

i3 Verticals Profile

(Free Report)

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.

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Institutional Ownership by Quarter for i3 Verticals (NASDAQ:IIIV)

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