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.
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
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.
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