Key Points
- i3 Verticals CEO Gregory Daily bought 50,000 shares on May 14 at an average price of $19.23 each, totaling about $961,500. After the purchase, he directly owned 50,000 shares.
- The stock was down 1.1% and opened at $18.69, near its 52-week low of $18.47. The company has a market cap of $569.67 million and a price-to-earnings ratio of 26.70.
- i3 Verticals recently beat quarterly earnings expectations, reporting EPS of $0.32 versus $0.30 expected, while revenue came in roughly in line at $57.52 million. Analysts currently rate the stock a Moderate Buy with an average target price of $29.83.
i3 Verticals, Inc. (NASDAQ:IIIV - Get Free Report) CEO Gregory Daily bought 50,000 shares of the company's stock in a transaction on Thursday, May 14th. The shares were acquired at an average price of $19.23 per share, with a total value of $961,500.00. Following the transaction, the chief executive officer directly owned 50,000 shares of the company's stock, valued at approximately $961,500. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
i3 Verticals Stock Down 1.1%
Shares of NASDAQ IIIV opened at $18.69 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.61 and a current ratio of 1.34. The firm has a market capitalization of $569.67 million, a price-to-earnings ratio of 26.70 and a beta of 0.89. The stock has a 50 day moving average price of $22.09 and a 200 day moving average price of $24.05. i3 Verticals, Inc. has a 52-week low of $18.47 and a 52-week high of $33.97.
i3 Verticals (NASDAQ:IIIV - Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 return on equity of 4.19% and a net margin of 8.59%.i3 Verticals has set its FY 2026 guidance at 1.090-1.150 EPS. Sell-side analysts expect that i3 Verticals, Inc. will post 0.67 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on IIIV shares. Morgan Stanley lowered their price target on i3 Verticals from $28.00 to $22.00 and set an "equal weight" rating for the company in a report on Monday, February 9th. Benchmark lowered their price target on i3 Verticals from $39.00 to $30.00 and set a "buy" rating for the company in a report on Thursday. KeyCorp lowered their price target on i3 Verticals from $32.00 to $30.00 and set an "overweight" rating for the company in a report on Monday, February 9th. Cantor Fitzgerald lowered their price target on i3 Verticals from $30.00 to $27.00 and set an "overweight" rating for the company in a report on Monday. Finally, Weiss Ratings upgraded i3 Verticals from a "sell (d+)" rating to a "hold (c-)" rating in a report on Tuesday. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $29.83.
Check Out Our Latest Analysis on i3 Verticals
Hedge Funds Weigh In On i3 Verticals
A number of large investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company raised its stake 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 worth $237,000 after buying an additional 402 shares in the last quarter. Vident Advisory LLC raised its stake in i3 Verticals by 2.4% in the fourth quarter. Vident Advisory LLC now owns 25,240 shares of the company's stock worth $636,000 after buying an additional 580 shares in the last quarter. Cetera Investment Advisers raised its stake in i3 Verticals by 2.4% in the first quarter. Cetera Investment Advisers now owns 26,636 shares of the company's stock worth $596,000 after buying an additional 613 shares in the last quarter. TD Asset Management Inc raised its stake in i3 Verticals by 1.2% in the third quarter. TD Asset Management Inc now owns 66,330 shares of the company's stock worth $2,153,000 after buying an additional 802 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in i3 Verticals by 65.5% in the second quarter. BNP Paribas Financial Markets now owns 2,198 shares of the company's stock worth $60,000 after buying an additional 870 shares in the last quarter. Institutional investors own 84.22% of the company's stock.
About i3 Verticals
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
