i3 Verticals (NASDAQ:IIIV) PT Lowered to $24.00 at BMO Capital Markets

i3 Verticals (NASDAQ:IIIV) had its target price decreased by BMO Capital Markets from $25.00 to $24.00 in a research report sent to investors on Monday, Benzinga reports. BMO Capital Markets currently has a market perform rating on the stock.

IIIV has been the topic of a number of other research reports. KeyCorp raised their target price on shares of i3 Verticals from $23.00 to $26.00 and gave the stock an overweight rating in a research report on Monday, April 22nd. TheStreet upgraded shares of i3 Verticals from a d+ rating to a c- rating in a research report on Monday, March 18th. Benchmark restated a buy rating and set a $28.00 target price on shares of i3 Verticals in a research report on Monday, April 1st. Finally, Morgan Stanley cut their price target on shares of i3 Verticals from $25.00 to $20.00 and set an equal weight rating on the stock in a research note on Monday, February 12th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, i3 Verticals presently has a consensus rating of Moderate Buy and an average target price of $27.57.

i3 Verticals Stock Down 0.4 %

Shares of NASDAQ IIIV opened at $19.93 on Monday. i3 Verticals has a 1 year low of $17.54 and a 1 year high of $25.70. The firm’s 50 day moving average price is $22.38 and its 200 day moving average price is $20.99. The firm has a market cap of $665.06 million, a P/E ratio of 1,994.99 and a beta of 1.56. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.50 and a current ratio of 0.81.

Hedge Funds Weigh In On i3 Verticals

A number of large investors have recently bought and sold shares of IIIV. Hood River Capital Management LLC raised its stake in shares of i3 Verticals by 43.1% in the 1st quarter. Hood River Capital Management LLC now owns 1,119,931 shares of the company’s stock valued at $25,635,000 after acquiring an additional 337,576 shares during the period. Assenagon Asset Management S.A. purchased a new position in shares of i3 Verticals in the 3rd quarter valued at $6,807,000. Confluence Investment Management LLC purchased a new position in shares of i3 Verticals in the 1st quarter valued at $3,461,000. CIBC Private Wealth Group LLC increased its stake in i3 Verticals by 147.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 245,440 shares of the company’s stock worth $5,196,000 after buying an additional 146,222 shares during the period. Finally, B. Riley Asset Management LLC purchased a new stake in i3 Verticals during the 3rd quarter worth $2,492,000. Hedge funds and other institutional investors own 84.22% of the company’s stock.

About i3 Verticals

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.