KeyCorp Raises i3 Verticals (IIIV) Price Target to $22.00

i3 Verticals (NASDAQ:IIIV) had its price objective increased by KeyCorp from $21.00 to $22.00 in a research note issued to investors on Monday morning. The firm currently has an overweight rating on the stock.

Other equities research analysts have also issued research reports about the stock. Cowen assumed coverage on shares of i3 Verticals in a research note on Monday, July 16th. They issued an outperform rating and a $20.00 target price on the stock. Zacks Investment Research upgraded shares of i3 Verticals from a hold rating to a buy rating and set a $25.00 target price on the stock in a research note on Monday, September 17th. Finally, Raymond James assumed coverage on shares of i3 Verticals in a research note on Monday, July 16th. They issued an outperform rating on the stock.

Shares of i3 Verticals stock opened at $20.86 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.54 and a quick ratio of 0.54. i3 Verticals has a 1 year low of $13.79 and a 1 year high of $25.50.

i3 Verticals (NASDAQ:IIIV) last issued its earnings results on Thursday, August 9th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The company had revenue of $28.83 million during the quarter, compared to analyst estimates of $28.41 million. The business’s revenue was up 62.3% on a year-over-year basis. As a group, sell-side analysts anticipate that i3 Verticals will post 0.56 earnings per share for the current year.

In related news, Director David K. Morgan bought 2,000 shares of the business’s stock in a transaction dated Thursday, August 16th. The shares were acquired at an average price of $15.66 per share, for a total transaction of $31,320.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. acquired a new stake in i3 Verticals during the second quarter worth about $149,000. Raymond James & Associates acquired a new stake in i3 Verticals during the second quarter worth about $283,000. Columbia Partners L L C Investment Management acquired a new stake in i3 Verticals during the second quarter worth about $395,000. Teton Advisors Inc. acquired a new stake in i3 Verticals during the second quarter worth about $469,000. Finally, Dean Capital Investments Management LLC acquired a new stake in i3 Verticals during the second quarter worth about $498,000. Hedge funds and other institutional investors own 21.73% of the company’s stock.

About i3 Verticals

i3 Verticals, Inc provides integrated payment and software solutions to small- and medium-sized businesses (SMBs) and organizations in education, non-profit, public sector, property management, and healthcare markets in the United States. The company offers payment processing services, including merchant onboarding, risk and underwriting, authorization, settlement, chargeback processing, and other merchant support.

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