i3 Verticals (NASDAQ:IIIV) Sees Strong Trading Volume

Shares of i3 Verticals, Inc. (NASDAQ:IIIV – Get Rating) saw strong trading volume on Friday . 164,129 shares were traded during trading, an increase of 4% from the previous session’s volume of 158,012 shares.The stock last traded at $24.54 and had previously closed at $24.91.

Wall Street Analyst Weigh In

Separately, DA Davidson increased their price target on shares of i3 Verticals to $36.00 in a report on Monday, November 21st.

i3 Verticals Trading Down 1.3 %

The stock’s fifty day moving average price is $26.78 and its 200 day moving average price is $23.94. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.24. The stock has a market cap of $816.82 million, a PE ratio of -37.24, a PEG ratio of 2.55 and a beta of 1.40.

i3 Verticals (NASDAQ:IIIV – Get Rating) last posted its quarterly earnings results on Wednesday, February 8th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. i3 Verticals had a negative net margin of 4.49% and a positive return on equity of 9.53%. The firm had revenue of $86.03 million for the quarter, compared to analysts’ expectations of $87.25 million. On average, sell-side analysts forecast that i3 Verticals, Inc. will post 0.87 EPS for the current year.

Institutional Investors Weigh In On i3 Verticals

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Captrust Financial Advisors boosted its holdings in i3 Verticals by 14,942.9% in the second quarter. Captrust Financial Advisors now owns 1,053 shares of the company’s stock worth $26,000 after purchasing an additional 1,046 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in i3 Verticals by 170.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,700 shares of the company’s stock worth $34,000 after purchasing an additional 1,071 shares during the last quarter. Ensign Peak Advisors Inc purchased a new stake in i3 Verticals in the third quarter worth approximately $44,000. Emerald Advisers LLC purchased a new stake in i3 Verticals in the fourth quarter worth approximately $49,000. Finally, Quantbot Technologies LP purchased a new stake in i3 Verticals in the third quarter worth approximately $71,000. Hedge funds and other institutional investors own 61.77% of the company’s stock.

i3 Verticals Company Profile

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i3 Verticals, Inc is a holding company, which engages in the provision of payment and software solutions to small-and medium-sized businesses and organizations in strategic vertical markets. It operates through the following segments: Merchant Services, Software and Services, and Others. The Merchant Services segment offers payment solutions to businesses and organizations.