i3 Verticals (IIIV) Projected to Post Quarterly Earnings on Thursday

i3 Verticals (NASDAQ:IIIV) is expected to issue its quarterly earnings data after the market closes on Thursday, February 6th. Analysts expect the company to announce earnings of $0.28 per share and revenue of $58.79 million for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

i3 Verticals Trading Down 0.2 %

i3 Verticals stock opened at $25.51 on Thursday. i3 Verticals has a 1-year low of $17.54 and a 1-year high of $26.66. The firm has a market capitalization of $855.61 million, a price-to-earnings ratio of 5.73 and a beta of 1.49. The firm’s fifty day moving average price is $23.77 and its two-hundred day moving average price is $23.15.

Insider Activity

In related news, President Frederick Stanford sold 17,577 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $25.28, for a total transaction of $444,346.56. Following the completion of the sale, the president now owns 100,000 shares in the company, valued at approximately $2,528,000. This trade represents a 14.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 59.07% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. BMO Capital Markets dropped their price objective on shares of i3 Verticals from $23.00 to $21.00 and set a “market perform” rating on the stock in a research note on Thursday, October 3rd. Stephens reaffirmed an “overweight” rating and issued a $29.00 price objective on shares of i3 Verticals in a research note on Tuesday, November 19th. Finally, Benchmark reaffirmed a “buy” rating and issued a $33.00 price objective on shares of i3 Verticals in a research note on Tuesday, November 19th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, i3 Verticals presently has a consensus rating of “Moderate Buy” and an average target price of $27.14.

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.