Shares of i3 Verticals, Inc. (NASDAQ:IIIV – Get Rating) dropped 7.1% on Friday . The stock traded as low as $22.70 and last traded at $22.75. Approximately 5,155 shares changed hands during trading, a decline of 96% from the average daily volume of 143,686 shares. The stock had previously closed at $24.50.
Wall Street Analysts Forecast Growth
IIIV has been the subject of several research reports. Raymond James decreased their target price on i3 Verticals from $40.00 to $36.00 and set a “strong-buy” rating for the company in a research note on Thursday, October 6th. Morgan Stanley raised their target price on i3 Verticals from $25.50 to $26.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 10th. Finally, BTIG Research upped their target price on i3 Verticals to $34.00 in a report on Monday, August 15th. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $31.50.
i3 Verticals Stock Performance
The firm has a market capitalization of $739.21 million, a PE ratio of -30.13, a P/E/G ratio of 1.98 and a beta of 1.30. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.69 and a quick ratio of 0.69. The firm has a fifty day moving average price of $20.85 and a 200 day moving average price of $23.45.
Institutional Investors Weigh In On i3 Verticals
i3 Verticals Company Profile
i3 Verticals, Inc provides integrated payment and software solutions to small- and medium-sized businesses and organizations in education, non-profit, public sector, and healthcare markets in the United States. It operates in two segments, Merchant Services, and Proprietary Software and Payments. The company offers payment processing services that enables clients to accept electronic payments, facilitating the exchange of funds and transaction data between clients, financial institutions, and payment networks.
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